Rivva
Latest round
- Series B
Last raised
- Jul 2021
Total raised
- $29M
Investors
- 15
About Rivva
Rivva Pty Limited operates as Spriggy, providing a prepaid pocket money app for Australian families.Founded in 2015 in Sydney, Australia, Rivva Pty Limited, also known as Spriggy, specializes in financial education tools for children. The company was co-founded by Alex Badran and Mario Hasanakos, who aimed to create a solution for families to instill money management skills in their children.Spriggy offers a prepaid pocket money app designed to assist Australian families with children aged 6-17 in managing their finances. The core product includes a prepaid Visa card, ensuring children can make purchases under parental oversight. Features of the app include monthly tracking emails for parents, merchant restrictions, and customizable card designs.Spriggy's revenue model relies on an annual membership fee for users of the app, allowing families to access the prepaid card and its features. Parents pay subscription fees after a free trial period, alongside any additional card usage or maintenance fees.The company is looking to expand its market presence and is currently designing new features for its app, although specific product launch dates have not been disclosed. Rivva Pty Limited is strategically focused on broadening its reach to more Australian families, aiming to improve financial literacy for a larger demographic.
Who invested in Rivva
15 investors across 4 rounds
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Questions about Rivva
Who invested in Rivva?
Rivva has 15 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Rivva raised?
Rivva has raised 4 venture rounds. Sign up free to see how much each round raised and the total.
When did Rivva last raise money?
Rivva's most recent round on record is a Series B, in Jul 2021.
What does Rivva do?
Rivva Pty Limited operates as Spriggy, providing a prepaid pocket money app for Australian families.
Where is Rivva headquartered?
Rivva is headquartered in Sydney, Australia.
Which VCs invest in companies like Rivva?
Among active investors with capital left to deploy, IAG Firemark Ventures, Blackbird, AirTree Ventures and Square Peg back financial services companies at Rivva's stage. Their profiles are linked below.
VCs backing financial services startups at Series B
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