Why we’re building Penny
Penny is a money app for individuals and households. Here’s how it started and what it’s built around.
We tried the other budgeting apps and never stuck with one. We wanted control over our own data, and a say in how our spending got sorted. None of them gave us enough of either.
Categories are personal. What counts as groceries, or whether coffee gets its own line, is different in every household. So in Penny, the categories and the rules behind them are yours to change until they fit the way you spend.
Budgeting isn't always a solo activity, either. Rent, groceries, and bills get shared, so Penny works for a whole household too: everyone signs in as themselves and sees the same accounts, spending, and bills.
A few things Penny is built around:
- Your data can leave. Export it as spreadsheets, pull it through the API, or delete your account from Settings.
- You decide how it's sorted. Make your own categories and groups, and set rules that categorize, rename, and tag transactions automatically.
- Sharing is built in. Everyone in a household gets their own login and the same view of the money, on one subscription.
- You're the customer. Penny is paid for by the people who use it, so it doesn't need to sell your data or show you ads.
- Read-only. Penny can see your balances and transactions, but it can't move money or change anything at your bank.
If you have an idea, a bug, or a bank that won't connect, we'd like to hear about it.
The Penny team