Palo Alto, CA – According to filings with the U.S. Securities and Exchange Commission, Prizepool is raising $14,324,976.00 in new funding. Sources indicate as part of senior management President and Chief Executive Officer, Franklyn Chien played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Prizepool

A bank account that enters you to win one of over 4,000 cash prizes every week – including the $25,000 grand prize at the end of the month. It also earns you 0.30% (over 7.5x the national average). PrizePool’s mission is to incentivize Americans to build a better financial foundation. PrizePool ups the game of today’s boring, low-growth, savings accounts. It gives customers a new, fun place to save one where their money is their chance to win real cash prizes guaranteed to total $50,000 every month. PrizePool pays out a $25,000 Grand Prize each month, along with thousands of smaller prizes. Based on a model of prize-linked savings, PrizePool feeds the desire that people have ‘to play and win’ but does so as they save, at no cost or risk to customers. PrizePool is based in the San Francisco Bay Area.

To learn more about Prizepool, visit http://getprizepool.com/

Contact:
Franklyn Chien, President and Chief Executive Officer
202-890-1393
https://www.linkedin.com/in/franklynchien/

SOURCE: http://www.intelligence360.io
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