Fizz offers a debit card and credit-building product aimed at college students (ages 18–24) that centers on an AI-powered budgeting ledger and gamified financial literacy courses. The founders built core infrastructure from scratch and established direct banking partnerships with Lead Bank, Mastercard and the credit bureaus rather than relying on third‑party BaaS. Fizz launched publicly in early 2023 and in the last 12 months grew to “tens of thousands” of customers, available at over 300 colleges including all Ivy League schools and every top‑25 school. The company expects to cross nine figures in annual card volume this year and operates with an 11‑person team drawn from Meta, Microsoft and Amex. It monetizes primarily through interchange revenue, brand partnerships and optional subscriptions; the credit‑building feature is offered for free. Management says the new capital will fund expansion, product roadmap work (including additional AI products) and hiring in sales, marketing and engineering.

Total raised

$14M

Funding rounds

1

Latest round

Seed

Latest activity

Jun 2024