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PrizePool is a financial technology company founded in 2019 by Frank Licea and Joe Woo. It offers an innovative approach to personal savings by providing FDIC-insured savings accounts that give account holders chances to win weekly cash prizes. The platform aims to make saving money more engaging, fun, and rewarding, thereby encouraging positive financial habits, especially among younger demographics. By combining the security of traditional banking with the excitement of potential winnings, PrizePool seeks to motivate users to save consistently.
The Los Angeles headquarters serves as the central nerve center for PrizePool, housing its leadership, product development, engineering, marketing, operations, and customer support strategy teams.
The office is situated in Century City, a prominent business district known for its modern high-rise buildings and proximity to financial and entertainment industries. Specific internal features of PrizePool's suite are not publicly detailed.
As a fintech startup, PrizePool likely fosters a dynamic, fast-paced, and collaborative work environment. The culture probably emphasizes innovation, user-centric design, and a mission-driven approach to improving financial well-being.
Locating in Los Angeles provides PrizePool with access to a diverse and skilled talent pool in technology, finance, and creative marketing, crucial for its growth and product innovation. It also places them in a vibrant ecosystem of startups and venture capital.
PrizePool's services are currently focused on customers residing in the United States. Its banking products and prize-linked savings accounts are designed for U.S. residents with U.S. bank accounts and Social Security Numbers. While the platform is digital and accessible online, its core market and operational support are U.S.-based.
1800 Century Park East, Suite 600
Los Angeles
CA
USA
No additional office locations available.
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As of April 2025, PrizePool' leadership includes:
PrizePool has been backed by several prominent investors over the years, including:
Based on publicly available information, there have been no major C-level executive hires or departures announced at PrizePool within the last 12 months. The founding team continues to lead the company.
Discover the tools PrizePool uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.
Common email formats for companies like PrizePool include [first].[last]@prizepool.com or [first_initial][last]@prizepool.com. The specific format can vary, but these are standard for tech startups.
[first].[last]@prizepool.com (e.g., frank.licea@prizepool.com) or [first]@prizepool.com (e.g., frank@prizepool.com)
Format
contact@prizepool.com
Example
70%
Success rate
PrizePool Blog • May 23, 2023
PrizePool announced the launch of a new rewards program for its debit card users, offering enhanced benefits and more chances to win prizes, aiming to further gamify the savings and spending experience for its customers....more
TechCrunch • October 26, 2021
PrizePool secured $10 million in a seed extension funding round co-led by Accomplice and Coatue. This investment was aimed at scaling its operations and expanding its prize-linked savings account offerings....more
NerdWallet • February 7, 2024 (article updated, concept ongoing)
NerdWallet provides an overview and review of PrizePool's prize-linked savings account, detailing how it works, its pros and cons, and who might benefit from this unique approach to saving money....more
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