- Pennywise educates Indians on financial literacy through live, interactive workshops and self-paced recorded sessions.
- The company has educated over 7,300 individuals and partnered with 20+ corporates, achieving significant improvements in savings, investments, insurance, and debt reduction among participants.
- Pennywise aims to be the most trusted corporate financial education partner, fostering informed financial decision-making and goal-based planning.
A large number of people in India do not possess knowledge concerning the management of finances, investment, and planning for the future.
Despite growing economic levels, many people swim in debt, and have poor spending habits and inadequate savings.
This lack of knowledge gap is a roadblock to personal financial growth and poses a challenge to organizations working towards enhancing financial well-being among their workers.
There is a need for innovative solutions that can bridge this gap as well as create a culture that promotes informed financial choices with increasing demand for financial education.
Pennywise's Solution to Financial Illiteracy
Since its founding by Akshat Malhotra in 2020, Pennywise has striven to financially educate the Indian population through an amalgamation of live interactive workshops and recorded self-paced sessions.
With only two years under its belt, more than 7,300 individuals taught and over 20 corporate tie-ups made along the way, Pennywise has held over 60 workshops on different personal finance topics.
The objective of this organization is to reorient people’s perspective on money management and enable them to make better decisions about their finances.
Innovative Approach to Financial Education
What makes Pennywise so successful at its core is the way it educates people about managing money differently from others.
The company provides very simple understandable lessons; content written by professionals from multiple industries; and hands-on exercises with real-life examples.
These are all highly interactive workshops where participants will understand difficult concepts easily.
Pennywise also offers a goal-based planning approach with an Execution Oriented Style, dedicated doubt-clearing sessions as well and custom-made tools/calculators which improve the learning experience.
Empowering Employees Across Industries
The Company through its live road show format has empowered companies across various sectors of the economy helping them keep their employees engaged, motivated, and financially secure.
Some major corporates like L&T Group, IBM, NTT Data, Vedantu, Evolent Health, Axelerant, Nucleus Software, NTPC, RSPL & others.
Through these collaborations, employees have been able to take control of their finances with outstanding performance.
For instance, 37% increased their savings, 30% created an emergency corpus, 82% started actively investing, 35% purchased insurance for themselves or their families and 43% managed to reduce some of the debts they had.
Meet the Team Behind Pennywise
An energetic team of experts is responsible for the success of Pennywise. CEO Akshat Malhotra is a techy investor and tutor who believes in spreading financial literacy.
CFO Gautam Kumar provides market updates and investment tips as a certified financial planner.
The IT specialist CTO Siddharth Nayar guarantees seamless integration into the company’s system.
A Vision for a Financially Fit India
Pennywise dreams of seeing an India where everyone can manage his or her own money, improve living standards, and make informed decisions about financial goals regardless of social background or income level.
It aims at being recognized as the most relied upon corporate partner for financial education through which employee satisfaction would be enhanced by having them financially well.
By teaching money management skills, and promoting goal-based financial planning, Pennywise hopes to transform individuals into wise investors.
Join Pennywise and be part of the journey towards a financially sound India.
Edited By Annette George
