Fizz, a New York City-based fintech startup providing a credit-building debit card for students, has raised $14.4 million in Seed funding.
Key Highlights:
- Funding Details:
- Amount Raised: $14.4 million
- Lead Investor: Kleiner Perkins
- Purpose of Funding:
- Team Expansion: Scale its team to support growth and development.
- Product Development: Build out additional product lines.
- Marketing and Sales: Invest in marketing and sales to increase awareness at more colleges and universities.
About Fizz:
- Founders: Carlo Kobe and Scott Smith
- Location: New York City, NY
- Product Offering:
- Credit-Building Debit Card: Tailored specifically for students, this debit card helps them build credit responsibly.
- AI Budgeting Solution: An innovative, proactive AI-driven budgeting tool is at the core of the offering, helping students manage their finances efficiently.
- Financial Literacy Courses: Engaging and gamified financial literacy courses presented in an interactive quiz format to educate students on managing their finances.
- Partnership:
- Lead Bank: Fizz partners directly with Lead Bank, a Kansas City bank acquired by billionaire and former Block executive Jacqueline Reses in 2022.
Fizz is committed to helping students build credit and gain financial literacy through its unique debit card and educational resources. The recent funding will accelerate the company’s growth and expand its presence in the student market.
