Sydney fintech startup Spriggy raises $2.5 million to change the way parents give their children pocket money

Sydney-based pocket money management startup Spriggy has closed a $2.5 million funding round to help parents teach their children about finances and savings, after its co-founders left their corporate banking roles “to do more for their customers” than what the big banks were offering.

Co-founded in 2015 by Mario Hasanakos and Alex Badran, the mobile app allows children aged between 8-17 years to manage their pocket money with the help of their parents and is looking to capitalise on the growing consumer demand for fintech in Australia.

“If you want better financial outcomes for people you have to start really young. That led us to look at kids and what services are out there right now to teach them about money — Spriggy helps parents give kids more responsibility over how they spend, save and earn,” Hasakanos says.  Click here to read more.