Credit Genie operates a mobile financial membership platform that delivers financial alerts and insights, personalized budgeting, and credit-building solutions from a single app. The technology analyzes behavior, chat, and qualitative indicators to produce predictive insights and identify credit risk. Since its 2022 launch the platform has engaged with over 1 million Americans. The company plans to use the new capital to expand its product line and hire talent to scale its behavioral finance, budgeting, and cash/credit management offerings. In connection with the financing it secured a credit facility to finance its cash advance and credit card receivables. Credit Genie was founded by Ed Harycki and is based in Plymouth Meeting, Pa. Credit Genie is a mobile financial membership platform that provides financial alerts, personalized budgeting, credit-building solutions and a 360-degree snapshot of members' finances from a single app. Since its 2022 launch it has engaged more than one million Americans and is headquartered in Plymouth Meeting, Pennsylvania. The platform analyzes personal transaction data plus behavioral, chat and qualitative indicators using home-grown machine learning, AI algorithms and 'Open AI' to predict credit risk and extract financial intent rather than relying on traditional credit data. The company aims to help millions of consumers access efficient credit at fair rates and to create a more inclusive credit system for those often overlooked by mainstream banks. With the new funding Credit Genie plans to expand products and hire talent to scale its behavioral finance, budgeting and cash/credit management offerings. Financially, the company announced a $4 million Series A and has secured a credit facility to finance its cash advance and credit card receivables.

Total raised

$14M

Funding rounds

3

Latest round

Equity

Latest activity

Oct 2023