| Founded | 2015 |
|---|---|
| Closed | 2021 |
| Country | Sweden |
| Sector | Fintech |
| Collapse type | Silent Shutdown |
Penny
"Copenhagen personal finance startup raised 6 million dollars to help Danish consumers understand their spending and shut down when it could not convert understanding into revenue."
Quiet closure with no public announcement
Key Events Timeline
Penny (formerly called Pennyo) built an AI-powered personal finance assistant that analyzed bank transactions to categorize spending, identify subscriptions, and provide savings recommendations.
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