As seen in
What is Pigzbe?
The future of pocket money
A friendly financial assistant
Pigzbe is a fun, handheld home for your child’s digital pocket money. Get notified of new allowances, tasks and rewards and unlock new knowledge to learn as you earn.
Learn about money
The Pigzbe App lets the whole family send money to your child’s Pigzbe from anywhere in the world, instantly and securely. For kids, the App is a playful interface for more advanced activities, like setting savings goals, learning about budgeting, sharing and spending.
Connecting the family
For parents, Pigzbe is an easy way to engage with your children’s financial education. Invite other family members and friends to join in the experience, using the blockchain to send as little as 5 cents from anywhere in the world, safely and securely.
Digital currency that educates
Pigzbe runs on Wollo, a new digital currency designed to make learning about money playful and fun. Buying and exchanging Wollo is simple using the Pigzbe App. Just top up your Wollo whenever you need to send your child pocket money or a gift. And when a savings goal is reached, it’s easy to change Wollo back into every day money.
Pigzbe is now live on Kickstarter!
Act now to snap up an Early Bird 40% off Pigzbe’s $129 retail price.
How Pigzbe works
Easy for parents, fun for kids
Earn and save - With tasks and chores, work towards savings goals for the things you really want.
Spend and share Once you’ve reached your savings goal, spend your money in the real world with approval from Mum and Dad.
Visualise and exchange - Pigzbe lets you visualise pocket money in a whole new way, in a range of currencies, to stay on top of what comes in and what goes out.
Set tasks and chores - Teach responsibility by setting chores and tasks through the App for your children to complete.
Send allowances and gifts – No more searching for notes and cash. Send recurring allowances and one-off gifts, from your phone instantly and safely
Create a family network - Invite other family members and friends to join the experience anywhere in the world!
Why financial education?
Financial superpowers for ages 6 and up
Pigzbe is now live on Kickstarter!
Act now to snap up an Early Bird 40% off Pigzbe’s $129 retail price.
A handheld home for digital pocket money
Interactive - 6 axis motion control and dual button game controller.
Multimedia - LED matrix, vibration motor and speaker for tactile feedback.
Connected - Secure Wifi & Bluetooth connectivity for balance updates
- Dual core XTENSA® 32-bit LX6
- AES/RSA/ECC/SHA hardware encryption
- Wifi 802.11 b/g/n
- Bluetooth 4.2
- 24 x 8 LED matrix display
- 6-axis motion sensing
- Dual push buttons
- ABS Case
- Height: 60mm/ Width: 98mm/ Depth: 12mm
Meet our humans
Experts in product design
We're a team of designers, developers and engineers who are passionate about technology and education
years combined experience
Educational products sold globally
Countries where our products are sold
Products designed and shipped
Meet the team
Headquartered in Chiasso, Switzerland, with additional operations in the U.K. and a global network of Advisors and Backers
All your questions answered.
What is Pigzbe?
Pigzbe is a friendly financial assistant that uses digital pocket money and gamification to create valuable (and playful) tangible learning experiences.
Pigzbe is comprised of a hand-held ‘piggy-wallet’, an educational app and a new digital currency (Wollo). Together these elements teach children age 6+ the building blocks of modern money management, including saving, earning, budgeting, exchanging, spending and sharing.
What ages is Pigzbe suitable for?
Pigzbe is designed for children aged 6 and up
What kind of product is this?
Pigzbe is an educational technology (edtech) product. It’s designed to help kids around the world get confident with earning, saving and spending using digital money in the real world.
How does Pigzbe work?
Parents use the Pigzbe App to transfer digital pocket money to their children in the form of Wollo, our new educational currency. With the App, parents can also set up tasks, send gifts and suggest goals.
Children get notified by any new transfer, task or gift via their handheld Pigzbe device. Rich in haptics, visual and audio feedback, it works as a tangible home for their Wollo.
The children’s App is an adventure that enhances the hands-on experience, helping children learn through connected play. Through the App, children can also set saving’s goals for the things that they really want. Once they have enough, they can spend their Wollo in the real world by converting it back into everyday money.
Can you really teach children financial literacy?
Absolutely. Cambridge University research shows that good – and bad – money habits are learned by the age of seven, and that kids can understand the concepts of price and value as early as age five.
Good financial education can teach children to defer gratification, and become better at saving and looking after their money.
We know from experience that the earlier you teach kids a skill, the bigger the impact later in life – financially literate children become financially literate adults. Pigzbe is here to help.
Why do you need to 'reinvent pocket money?'
For generations, pocket money has been a brilliant way to teach children about finance. Do chores, receive coins. The child learns how to save these coins, spend them or earn more.
But today the world is digital, and so is money: Dollars, Pounds, Bitcoin, Wollo… Loose change is often impossible to find, so chores and tasks go unrewarded. The lesson is lost.
The Pigzbe App makes it easy for parents to send very small amounts of money to their child’s handheld Pigzbe device in seconds, anywhere in the world.
I want to learn more - how do I talk to the creators?
There are a bunch of different ways to get in touch with us to ask any questions about the Pigzbe project. You can:
- Submit a question for the FAQ by clicking “Ask a question” in the FAQ tab
- If you backed the project, you can also leave a comment in the comments tab.
- Send us a private message by selecting “contact me”, on Kickstarter or by sending us a Facebook or, twitter message. We’re also on Instagram
What is Wollo?
Wollo (#WLO) is a digital currency designed to help kids learn the principles of money, safely and securely with the Pigzbe App & Device.
How does Wollo work?
Wollo is a payment token for families that has been built on the Stellar blockchain. If you don’t know anything about blockchain it’s a system designed to allow money to move around the world quickly and easily without the need for a central institution (like a bank) to keep track of everything.
At its heart, Wollo is designed to be a secure solution that helps modern global families send money anywhere in the world quickly at almost no cost and spend it as easily as local currency in their local community. Really it’s that simple.
Why do you need to use Wollo with Pigzbe?
Creating our own family-friendly digital currency gave us the freedom to develop a financial ecosystem that:
Makes it quick to transfer small amounts of money: 50p for making the bed, a dollar for doing the washing up, a gift for your niece on their birthday or a contribution to that new bike. The current banking system makes it difficult to send small amounts of money without paying huge charges. We wanted to give families the power to send allowances from anywhere at almost no cost. With Wollo you can.
Connects families across borders: From uncles in Uruguay and aunties in Albania to the grandparents in Greece, Wollo let’s overseas relatives and trusted friends join in a child's financial education in a personal way regardless of age, location or financial status.
Reinforces good behaviour with instant rewards: - Sending Wollo to a child takes only 3 to 6 seconds once a task or chore is completed. Never be caught short for cash again and make sure that good behaviour is rewarded instantly, developing and reinforcing good habits.
Works exactly the same anywhere in the world: Pigzbe is global platform and we wanted the saving and spending experience to look the same for kids no matter where they are growing up. 1 Wollo is 1 Wollo everywhere.
But why not just use a real currency in the App?
There are three reasons:
It’s quick, cheap and borderless – Because Wollo is based on the Stellar blockchain, transfers are a fraction of a cent and take as little as 3-6 seconds – far it’s quicker and cheaper than using traditional banking or money transfer platforms. It also means that family members in other parts of the world, can transfer Wollo without any hassle. Again, this wouldn’t be possible with incumbent systems.
It’s easy to understand – Based on years of experience building educational toys like Cubetto and the Kano Computer we’ve learned the importance of doing things in a language that kids understand. Wollo works in simple denominations without decimals, which kids typically don't learn about until aged 8. Wollo is universal and works exactly the same for any child anywhere.
It’s important to teach children about digital money – We believe that the future financial landscape will be made up of tokens and regular (FIAT) currency. Wollo is a safe and secure way to introduce children early on to codified finance.
Is it not risky for my kids to be exposed to this?
Kids today are growing up with the concept of digital currency as a core component of their reality. We believe that today’s children will grow up into a world where digital currencies like Wollo are the norm and cash is increasingly rare. We believe that children who aren’t introduced to digitial currencies early on will be at a disadvantage later. We built Pigzbe to help teach kids about this new world so they are well prepared for the future of money.
But how will I spend Wollo?
You will be able to buy Wollo and exchange them for other digital currencies online, through exchanges like StellarX or Wirex. Both of these provide wallets which let you buy, store, exchange and spend crypto and traditional currency.
Once you have purchased Wollo you can transfer them to and from the Pigzbe App super easily, in a matter of seconds. We are also working to make it possible to purchase Wollo directly through the Pigzbe App.
Our partnership with Wirex will make it easy to spend Wollo in the real world. Using the Wirex VISA card you will be able to spend Wollo anywhere that takes VISA (additional fees apply for the card; available in a growing number of countries – see existing coverage here).
What is Kickstarter?
Kickstarter is the world’s largest crowdfunding platform for creative projects. These can be films, books, games or inventions like ours. Each project has a funding goal. If enough members of the public 'back' the project and the funding goal is reached, the project gets made and shipped to everyone who supported it (Q2 2019, in our case).
What do you mean by backing?
When you back a project, you’re pre-ordering the product. That means you'll get it once it's produced. Besides getting the product itself, you’re also joining a community of like-minded people who want to share their experiences. You get to follow along with the production process, take part in important surveys and give the creator valuable feedback, all the way from initial design to delivery.
Why should I back a project on Kickstarter?
Backing a project on Kickstarter is different to buying a product online in a few (pretty awesome) ways: you'll be the first to get it in the world, guaranteed; your feedback will help shape the product; plus, you'll get it at a discounted, Kickstarter-only price! What’s not to love!
OK, I'm convinced - how do I back Pigzbe?
In order to pledge, head to our Kickstarter page when it goes live on 28th November and click the green button to the right of the video that says “Back this project”. On the following menu, you'll choose your pledge level & desired reward.
At this stage, you’ll also have to select a country for shipping and add the shipping rate, if applicable. When the campaign ends, you'll get a survey to fill out your shipping address, desired rewards and more.
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