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Penny
acquired by Credit KarmaYC W17San Francisco, US · 2 employees · 3 known investors
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Penny was a personal finance application that helped users track income and spending through conversational interactions. The app was acquired by Credit Karma and is no longer available.
Also known as Friendly Finances, Inc.
Founders & leadership· Y Combinator alumni (W17)
IA
Iyad AldaloojFounder
MA
Majid AldaloojFounder
MI
Mohamad IbrahimFounder
JK
Investors · 3
Y Combinatorlisted by Y CombinatorSan Francisco · $500K
How we know: the Y Combinator directory · open dataset · 5k.vc investor directory · Not right? Tell us
Curious EndeavorsreportedSan Francisco
How we know: Y Combinator's founder network · Not right? Tell us
Funding
SEC filings, press & company announcements- Undisclosed amountseedMay 2016Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Related companies · 7
ThymeThyme has partnered with Altruist to create Hazel, an AI product for wealth management professionals.
PennyAI Inc.Penny provides an AI-powered platform for social sellers and direct sales teams, offering AI script generation, micro-learning modules, and daily action prompts to drive prospecting, customer follow-up, and repeat business. The same team also built Endlss, an ambassador program platform for Shopify DTC brands that handles per-creator smart links, gifting, commission tiers, UGC collection, sales attribution, and automatic payouts.
CascaCasca provides business loan eligibility checks, with a focus on helping small businesses access SBA loans.
Penny FinancePenny provides financial wellness resources and tools, including educational content and assessments for personal finance management.
AudunAudun automates debt collection by handling the full cycle of borrower outreach, negotiation, payment plans, and payouts through a software tool. It emphasizes multi-channel, multilingual communication and flexible repayment plans while aiming to preserve the customer relationship.
MwmMWM is a technology company that manages the complete mobile app lifecycle from AI-powered creation through growth operations and global distribution. The company serves app creators, founders, and studios through its integrated platform combining MWM AI, MWM Console, and MWM Publishing, all backed by proprietary data intelligence.
B12B12 offers an AI-powered website builder that generates a complete first draft of a website, online store, portfolio, blog, or web app from a text prompt, which users can then refine via an AI agent or visual editor. It also runs an Expert Marketplace connecting users with vetted designers, copywriters, and SEO specialists, and serves businesses, creators, agencies, nonprofits, and professional services firms.
Companies working in the same space as Penny.
Legal entities · 1
corporate structureFriendly Finances, Inc.
In the news
Frequently asked questions
- What does Penny do?
- Penny was a personal finance application that helped users track income and spending through conversational interactions. The app was acquired by Credit Karma and is no longer available.
- Who founded Penny?
- Penny was founded by Mitch Lee, Alex Quach.
- Who are Penny's investors?
- Penny's investors include Y Combinator, Curious Endeavors, Gradient Ventures.
- Who acquired Penny?
- Penny was acquired by Credit Karma.
- Where is Penny headquartered?
- Penny is headquartered in San Francisco, US.