Pocketbook (application)

Pocketbook
Finance
Founded 2012
Founder Alvin Singh, Bosco Tan
Headquarters Sydney, New South Wales Australia
Area served
 Australia
Parent zipMoney (ASX: ZML)
Website getpocketbook.com

Pocketbook is a Sydney-based free budget planner and personal finance app launched in 2012.[1][2] The app helps users setup and manage budgets, track spending and manage bills.[3] Pocketbook is the first personal finance app in Australia to offer users the ability to manage their money through linking their bank accounts.[4] As of 2016 Pocketbook claims to support over 250,000 Australians.[5]

History

Pocketbook is founded by Alvin Singh and Bosco Tan in 2012.[6] It was conceived in 2011 in a Wolli Creek apartment as a tool for Alvin and Bosco to take control of their money.[7] The app has been featured on CNET, Business Insider and other popular media outlets.[8] In September 2016, Pocketbook was acquired by zipMoney (ASX: ZML).[9]

Features

The app syncs with the bank account of users and organizes spending into different categories.[10] Users of the app can be reminded of bill payments, analyse spending and set spending limits.[11] They can also be alerted of fraudulent transactions and deductions.[12] The app employs security measures like end to end encryption, CloudFlare protection, fraud detection, identity protection etc.[13] Pocketbook is available via web and mobile version.[1]

Funding rounds

Pocketbook has raised $500,000 from technology fund Tank Stream Ventures which is co-founded and backed by Markus Kahlbetzer. Other investors include TV personality David Koch, Geoff Levy, David Shein and Peter Cooper.[14]

Awards

References

  1. 1 2 "Keeping your hip pocket healthy". The Australian. 2 May 2016. Retrieved 5 January 2017.
  2. ↑ Lim, Jason. "Aussie Personal Finance Startup Pocketbook Hits 100,000 Users". Forbes. Retrieved 5 January 2017.
  3. ↑ Courtenay, Adam (1 June 2016). "Best apps to manage your money". The Sydney Morning Herald. Retrieved 5 January 2017.
  4. ↑ Williams, Hayley. "Top Five Apps For Tax Time". Lifehacker. Retrieved 5 January 2017.
  5. ↑ "Afterpay and zipMoney: New instalment of old idea gains momentum". The Australian. Retrieved 7 February 2017.
  6. ↑ "Pocketbook moves into mortgages". The Australian. 8 June 2016. Retrieved 5 January 2017.
  7. ↑ "Zipmoney Announces Completion of Pocketbook Acquisition". Morningstar, Inc. 12 September 2016. Retrieved 23 January 2017.
  8. ↑ Pash, Chris (12 September 2016). "zipMoney has grabbed fintech Pocketbook in a $7.5 million deal". Business Insider. Retrieved 5 January 2017.
  9. ↑ "zipMoney raises $20.6m". News. Special Broadcasting Service. Retrieved 23 January 2017.
  10. ↑ "Kochie’s best money apps". News.com.au. Retrieved 12 February 2017.
  11. ↑ Long, Christine (17 March 2015). "Budget? Bills? Banking? App to it". The Sydney Morning Herald. Retrieved 12 February 2017.
  12. ↑ "The financial perks of off-season travel". The Gazette (Cedar Rapids). Retrieved 12 February 2017.
  13. ↑ "Security - Pocketbook". Official website. Retrieved 12 February 2017.
  14. ↑ "Money management startup Pocketbook gets $500,000 from Markus Kahlbetzer’s Tank Stream and investors including TV’s Kochie". The Australian Financial Review. 14 November 2013. Retrieved 12 February 2017.
  15. ↑ "Best Personal Finance App: Pocketbook". Finder.com.au. 10 November 2016. Retrieved 23 January 2017.
  16. ↑ "Over 3100 attendees gathered in Sydney for StartCon and the Australasian Startup Awards 2016". StartCon. Retrieved 23 January 2017.
  17. ↑ Powell, Rose (27 March 2014). "All the winners from the 2014 StartupSmart awards". StartupSmart. Retrieved 7 February 2017.
  18. ↑ "Grand Finale at Sibos, Dubai". Innotribe.com. Retrieved 7 February 2017.
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