PennyPals

submitted Capital One Tech Summit "Fintech Future" Hackathon

Transforming Group Banking
Your Group. Your Goals. Your Growth.

PennyPals is a collaborative mobile-first banking app built for young adults navigating the complexities of shared finances. Whether it's splitting rent with roommates, managing recurring subscriptions with friends, or saving up for a group trip, PennyPals brings it all into one seamless, intuitive platform.

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🚨 The Problem

Managing shared finances is often frustrating and disorganized:

• People juggle between multiple apps and spreadsheets
• There’s no centralized solution for all shared financial needs
• Miscommunication leads to missed payments and strained relationships
• Current tools aren’t tailored to the lifestyle of young adults

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💡 The Solution

PennyPals simplifies and streamlines group financial collaboration:

• 💸 Bill Splitting made easy
• 🔁 Manage Recurring Subscriptions
• 🐷 Set and track Shared Savings Goals
• 📱 Built with a Mobile-First Experience for iOS and Android
• ✨ Features an Intuitive, Interactive UI

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🎯 Target Audience

• College students and young adults
• Roommates and housemates
• Friend groups and clubs
• Student organizations
• Anyone replacing Google Sheets with a smarter financial tool

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📹 Demo

Watch a demo of PennyPals in action:
👉 Application Demo on YouTube

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🔧 Tech Stack

• Frontend: React Native (Expo)
• Backend: Node.js, Express
• APIs & Tools: Hoppscotch, custom REST APIs
• Design: Figma

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🚧 Future Work

• Add transfer functionality and a recent activity feed (à la Venmo)
• Implement full authentication and user login flow
• Enhance the multi-user experience with real-time updates
• Refactor tech stack for scalability and maintainability

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