Envelope Money
- Company typePrivate
- Founded2022
- HeadquartersSan Francisco, United States
- Headcount1–10
- GTM typeB2C
- OfferingSoftware
Envelope Money firmographics
Firmographics- Name
- Envelope Money
- Legal name
- Envelope
- Website
- https://envelopebudgeting.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Envelope Money industry classification
Industry- Product category
- Personal Finance Software
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Depository Credit Intermediation (5221)
- SIC
- Finance Services (6199), Functions Related To Depository Banking, Nec (6099)
- akta.pro primary industry
- Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P) (FSAGAAAF)
- akta.pro secondary industries
- Virtual Card Issuance & Tokenized Corporate Cards (THACAJAA), Fraud Prevention, Controls & Compliance (MCC controls, AML/KYC, SCA) (THACAJAG)
Keywords
Where Envelope Money is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Envelope Money business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Annual Membership Fee: Primary revenue stream. Users pay $40/year for a full budgeting and banking subscription. The fee is automatically waived for users who spend $5,000 or more per year with their Envelope debit card (physical, online, or Apple/Google Pay). ACH transfers and debit card transfers (like Venmo) do not count toward the waiver.
- Monthly Subscription: Alternative pricing tier at $10/month for users who prefer month-to-month billing without an annual commitment. No fee waiver option on the monthly plan.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Monthly subscription — full access with no annual commitment |
| Subscription | Annual | Annual subscription — full access, fee waiver available |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Envelope Money product offering
Product offeringCore offering
Envelope Money is an all-in-one banking and budgeting software that combines digital envelope budgeting with a built-in FDIC-insured checking account and Visa debit card. Users organize their balance into digital envelopes (e.g., rent, groceries, savings) and spend with envelope-level controls via a physical card with optional Auto-Lock or up to 50 per-envelope virtual cards that decline when a category is empty. Banking services are delivered through partner Pacific West Bank, with fee-free AllPoint ATM access, early direct deposit, 3.07% APY savings, mobile check deposit, and joint account support.
Product overview
Envelope Money offers a unified fintech platform combining digital envelope budgeting with built-in banking services. The core product is the Envelope app with integrated checking account and Visa debit card, priced at $10/month or $40/year (fee waivable at $5,000 annual card spend). Key features include Auto-Lock (card friction control), Envelope Cards (per-envelope virtual cards), High-Yield Savings (3.07% APY), Early Direct Deposit, Joint Account support, Mobile Check Deposit, and 55,000+ fee-free AllPoint ATMs. Banking services provided by Pacific West Bank, Member FDIC.
Differentiator
Problem solved
Functional benefit
Products and services
- Envelope Mobile App (Budgeting with Built-In Checking Account) Mobile budgeting application for iOS and Android that combines digital envelope budgeting methodology with a built-in checking account, allowing users to organize their balance into digital envelopes and spend with envelope-level controls from a single integrated platform.
- Envelope Physical Visa Debit Card Physical Visa debit card issued by Pacific West Bank for Envelope account holders, accepted anywhere Visa is accepted, with optional Auto-Lock requiring envelope selection before each purchase.
- Envelope Virtual Cards Up to 50 per-envelope virtual debit cards that users can generate for online subscriptions, bills, or specific spending categories, with each card's spending limit automatically tied to and adjusted by the underlying envelope balance.
- High-Yield Protected Savings Savings account within Envelope earning 3.07% APY (effective 12/11/25) with instant transfers in and out, decoupled from debit card spending to protect funds from impulse purchases while earning interest.
- Mobile Check Deposit Banking service that lets users deposit paper checks by taking photos through the Envelope mobile app on iOS, with funds made available for envelope budgeting after deposit.
Quantifiable outcome
- Users can save over $100/year vs competitors like YNAB ($109/year), Copilot ($95/year), and Monarch ($99.99/year)
- +2 more outcomes
Companies that use Envelope Money
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles4 records
Envelope Money technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature8 records
Envelope Money partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- AllPoint / Allpoint+ ATM NetworkcoreEnvelope provides fee-free ATM access at 55,000+ AllPoint and Allpoint+ ATMs nationwide for both cash withdrawals and deposits. This partnership enables Envelope to offer fee-free ATM access without reimbursement complexity — users simply use any qualifying AllPoint ATM.
- Visa (via Pacific West Bank)coreThe Envelope Visa Debit Card is issued by Pacific West Bank, N.A. pursuant to a license from Visa U.S.A. Inc. and may be used anywhere Visa cards are accepted. This licensing arrangement enables Envelope to issue Visa-branded debit cards to its customers.
Scale indicators5 records
Recent moves6 records
Expansion highlights4 records
Envelope Money competitors and assessment
Company assessmentEmerging players
- Greenlight: Family-focused debit card and financial education platform. Comparable in the 'family finances' positioning and joint/parent-child account model, though targeted at parents managing kids' spending rather than adult envelope budgeters.
Direct peers
- Goodbudget: Envelope-budgeting methodology app, one of the longest-standing digital implementations of the envelope system. Competes for the same budgeting-mindset user, though it does not provide banking services.
- YNAB (You Need A Budget): Premium subscription budgeting app at $109/year. Direct competitor in the budgeting category but lacks integrated banking — a structural gap Envelope is built to close.
- Simple (defunct): The original envelope-style neobank whose 2021/2022 shutdown inspired Envelope's founding. Same core proposition — budgeting combined with a checking account — and the cautionary tale that frames Envelope's banking-partnership strategy.
- Rocket Money: Personal finance app owned by Rocket Companies that combines subscription cancellation, budgeting, and bill negotiation. A well-funded direct competitor in the consumer personal-finance app category with materially larger user counts.
- Monarch Money: Subscription-based budgeting and net-worth tracker at $99.99/year. Competes for the same power-user budgeter segment that Envelope targets with its 'Financial power user' persona, but does not offer banking rails.
- Copilot Money: Subscription budgeting app at $95/year targeting the same high-engagement personal-finance consumer. Tracker-only model that lacks Envelope's integrated spending rail.
- Qube Money: Qube Money was the closest direct competitor: digital envelope budgeting with an integrated debit card. Qube's shutdown created a wave of displaced users that Envelope explicitly absorbed — making them the most structurally comparable prior peer.
Broad incumbents
- Current: Consumer neobank that has progressively added budgeting features (spending categories, savings pods) that approximate envelope budgeting. A larger incumbent whose roadmap directly threatens Envelope's structural differentiator.
- Chime: One of the largest US consumer neobanks. Already offers spending accounts, savings goals, and 'SpotMe' features. Represents the mainstream-incumbent threat: a much larger player that could ship Envelope-like budgeting primitives at scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
Envelope Money social profiles
Digital presenceEnvelope Money financial estimates
Financial estimateRevenue estimate
Valuation estimate
Envelope Money leadership team
Management profileNumber of profiles
Profiles2 records
Envelope Money funding detail
Funding detailFunding overview
Funding rounds1 record
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Envelope Money M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Envelope Money
What does Envelope Money do?
Envelope Money is an all-in-one banking and budgeting software that combines digital envelope budgeting with a built-in FDIC-insured checking account and Visa debit card. Users organize their balance into digital envelopes (e.g., rent, groceries, savings) and spend with envelope-level controls via a physical card with optional Auto-Lock or up to 50 per-envelope virtual cards that decline when a category is empty. Banking services are delivered through partner Pacific West Bank, with fee-free AllPoint ATM access, early direct deposit, 3.07% APY savings, mobile check deposit, and joint account support.
Is Envelope Money a public or private company?
Envelope Money is a private company. It is classified as venture growth investor backed and is currently operating.
When was Envelope Money founded?
Envelope Money was founded in 2022. It employs 1 to 10 people.
Where is Envelope Money based?
Envelope Money is headquartered in San Francisco, United States, in the North America region.
How does Envelope Money make money?
Two revenue lines are on record. Annual Membership Fee is the primary driver. The others are monthly Subscription.
Who are Envelope Money's main competitors?
Greenlight is listed as an emerging player. Direct peers are Goodbudget, YNAB (You Need A Budget), Simple (defunct), Rocket Money, Monarch Money, Copilot Money and Qube Money. Broad incumbents are Current and Chime.
Does Envelope Money have an API?
No public API is recorded for Envelope Money.
What industry is Envelope Money in?
Envelope Money's product category is Personal Finance Software. Its primary akta.pro industry code is FSAGAAAF, Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P), with a secondary code of THACAJAA, Virtual Card Issuance & Tokenized Corporate Cards. Its NAICS code is 52232 and its SIC code is 6199.