# PennyTree > Neo-bank offering personal finance, business services, and investment opportunities. (iPhone/iPad app by PennyTree Business Limited.) - Source: https://appshunter.io/ios/app/pennytree/id1602953102 (this page in markdown: same URL + `.md`) - Developer: [PennyTree Business Limited](https://appshunter.io/developer/1602953104) - Category: Finance, Lifestyle - Price: Free - Rating: 3.70/5 from 9 App Store ratings · 7 written reviews indexed - Age rating: 4+ - Requires: iOS 14.0 · 138 MB - Languages: American English - Released: 2022-01-03 - Data updated: 2026-08-12 - Monetization: free - User reviews in markdown: https://appshunter.io/ios/app/pennytree/id1602953102/reviews.md ## What is PennyTree? PennyTree is a neo-bank that provides financial services in the most convenient way. You now have access to individual services like bank transfers, bill payments, and personal vaults for savings, where you can earn up to 27% per annum. With the Merchant Services offering, you can open a business banking account with a click of a button, receive payments from clients and vendors, generate invoices and receipts, download a stamped bank statement in real time, and transfer up to NGN5 million daily. What more? We have introduced our Crowdfunding Platform, where you can invest in your favorite brands from as low as NGN5,000 and earn a competitive return on investment. ## Key features - Personal savings vaults with high APY - Bank transfers and bill payments - Business banking with payment reception - Invoice and receipt generation - Crowdfunding investment platform - Real-time bank statements ## Recent user reviews (7 of 7) All indexed reviews: https://appshunter.io/ios/app/pennytree/id1602953102/reviews.md ### 1/5 — P *2026-03-14, version 2.8.8* False advertisement ### 5/5 — Outstanding App *2025-11-02, version 2.7.2* The interface is so clean and user-friendly. Definitely one of the best finance apps I’ve used. ### 5/5 — Great app *2025-11-02, version 2.7.2* This app makes my life so easy as a business owner and my personal finances. I really recommend ### 5/5 — Review *2025-10-05* The app is user friendly and fast.Makes transaction easy and secure.A great tools for everyday banking ### 4/5 — New user *2025-10-05* Easy to open for a new user.looking forward to it other features ### 1/5 — Transaction *2022-05-18, version 1.2.0* This people are thief runaway from them I withdraw from my wallet to my bank account up till know yet I have not received the value I keep calling them that I should contact my bank know they don’t pick my calls again fraudulent people ### 5/5 — Pennytree *2022-04-09, version 1.2.0* The application is very good and user friendly, I really love it’s interface 😊🥰. ## Frequently asked questions about PennyTree ### What is PennyTree? PennyTree is a neo-bank that provides financial services such as bank transfers, bill payments, personal savings vaults, business banking, and a crowdfunding platform. It aims to offer these services in a convenient manner for its users. ### How secure is PennyTree? While the description does not detail specific security measures, financial apps typically employ industry-standard encryption and security protocols to protect user data and transactions. Users should always practice good security habits like using strong passwords. ### What are the savings features in PennyTree? PennyTree offers personal vaults for savings where users can potentially earn up to 27% per annum. This feature is designed to help users grow their savings with competitive returns. ### Can I use PennyTree for my business? Yes, PennyTree provides Merchant Services for businesses. This includes opening a business banking account, receiving payments, generating invoices and receipts, and downloading stamped bank statements in real-time. ### What is the crowdfunding platform on PennyTree? The Crowdfunding Platform allows users to invest in brands starting from NGN5,000 and earn a competitive return on investment. It provides an avenue for users to participate in business growth. ### What devices does PennyTree support? PennyTree is available on iPhone and iPod devices. The app was last updated on 2026-07-05 to version 2.9.9. ### What is the user rating for PennyTree? PennyTree has a user rating of 3.7 stars based on 9 ratings. This indicates a generally positive but mixed reception from its user base. ### Does PennyTree have ads? No, PennyTree does not contain advertisements. The app is free to download and use without any ad interruptions. ## Version history (last 5 releases) ### 3.0.1 — 2026-07-27 - improved onboarding process - General performance improvements and bug fixes to improve overall app stability. ### 3.0.0 — 2026-07-21 - improved onboarding process - General performance improvements and bug fixes to improve overall app stability. ### 2.9.10 — 2026-07-08 - Enhanced liveness verification process for a smoother and more reliable KYC experience. - Improved facial detection and validation accuracy during identity verification. - Faster liveness checks with reduced verification time. - General performance improvements and bug fixes to improve overall app stability. ### 2.9.9 — 2026-07-05 - Enhanced liveness verification process for a smoother and more reliable KYC experience. - Improved facial detection and validation accuracy during identity verification. - Faster liveness checks with reduced verification time. - General performance improvements and bug fixes to improve overall app stability. ### 2.9.8 — 2026-06-14 Introducing Upfront Vault — a smarter way to grow your savings! Now you can: Get your interest instantly when you lock your funds Secure your savings for your preferred duration Receive your full principal back at maturity Enjoy predictable returns with zero stress We’ve also included performance improvements and bug fixes for a smoother experience. Update now and start earning instantly with Upfront Vault! ## Apps similar to PennyTree | App | Rating | Price | Category | | --- | --- | --- | --- | | [Grooming Mobile App](https://appshunter.io/ios/app/grooming-mobile-app/id6452879940) | 3.7 (3) | Free | Finance | | [AgentCenta](https://appshunter.io/ios/app/agentcenta/id6444386969) | — | Free | Finance | | [SC Mobile Nigeria](https://appshunter.io/ios/app/sc-mobile-nigeria/id650746202) | 3.0 (248) | Free | Finance | | [eRecharge NG](https://appshunter.io/ios/app/erecharge-ng/id6748850529) | — | Free | Finance | | [Corebank](https://appshunter.io/ios/app/corebank/id1606613639) | 3.4 (8) | Free | Finance | | [Avrilwise](https://appshunter.io/ios/app/avrilwise/id6738732712) | — | Free | Finance | ## Related topics [pennymac](https://appshunter.io/ios/topics/pennymac) --- *Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-08-12.*