← Embedded Finance Index 2026

Spriggy

“Can a kids' pocket money app become the financial operating system for Australian families?”

Founded2015
HQSydney, Australia
Total raised$62.1M
IndustryFintech / Consumer banking

The story

Spriggy launched in 2015 as Australia's leading pocket money app — a prepaid Visa card and app for kids aged 6-17 with parental controls. It expanded into a family-financial-services group: Spriggy Invest (kids' micro-investing via Betashares) in 2021, Spriggy Schools for school payments, and Spriggy Mobile (via Fastter Pty Ltd) for a family-oriented mobile plan. The company operates as Rivva Pty. Ltd. under AFSL 513762 with card issuing through Indue as the authorised deposit-taking institution partner.

Last 12 months

2026-03

Spriggy became a reporting entity under Australia's AML/CTF Act; identity verification mandatory for all new parent members.

Product timeline

2015

Spriggy founded in Sydney to offer a pocket money app and prepaid Visa card for kids.· banking

2020

Launched Spriggy Schools entity (Spriggy Schools Pty Ltd) to expand into school payments.· banking

2021

Launched Spriggy Invest (Spriggy Invest Pty Ltd) — kids' investing product in partnership with Betashares.· pivot

2023

Launched Rivva Mobile / Spriggy Mobile (Fastter Pty Ltd) — mobile telco offering.· pivot

2026

Became a reporting entity under Australia's AML/CTF Act from 31 March 2026; mandatory identity verification for parents.· banking

Regulated entities

regulatory licence held by Spriggy

Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.

The stack

6 layers disclosed in Spriggy’s embedded-finance stack

Banking / BaaS

Indue

Card issuing

in the full report

Card network

in the full report

KYC

in the full report

Sponsor bank

in the full report

Investing

in the full report

Accounting gap: none

5 more providers across 5 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.

Spriggy — frequently asked

What bank does Spriggy use?

Spriggy discloses Indue as its banking provider, according to the Embedded Finance Index 2026.

Is Spriggy a bank?

Spriggy does not disclose a bank charter of its own; its banking services are provided through Indue.

Who issues Spriggy's cards?

Spriggy's cards are issued through Indue on the Visa network.

Which KYC provider does Spriggy use?

Spriggy uses GBG (GreenID) for KYC and identity verification.

Who powers Spriggy's investing products?

Spriggy's investing and wealth products are powered by Betashares.

What is Spriggy's embedded finance stack?

The Embedded Finance Index 2026 maps 6 layers in Spriggy's stack: Banking / BaaS (Indue); Card issuing (Indue); Card network (Visa); KYC (GBG (GreenID)); Sponsor bank (Indue); Investing (Betashares).

Where is Spriggy headquartered?

Spriggy is founded in 2015 and headquartered in Sydney, Australia.

How much funding has Spriggy raised?

Spriggy has raised $62.1M in total.

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