Fizz Raises $14.4M Seed Round Led by Kleiner Perkins to Revolutionize Credit Building for Gen Z
Fizz announces its $14.4 million seed funding round, led by Kleiner Perkins with participation from SV Angel, Y Combinator, New Era Ventures, and notable founders from unicorn companies. Since launching in early 2023, Fizz has grown to serve tens of thousands of students across over 300 colleges and universities. The funding will support expansion, product development, and continued hiring, as Fizz aims to become the go-to credit-building tool for Gen Z.
Carlo Kobe and Scott Smith, passionate about creating a financial product tailored to Gen Z, left Harvard and Cornell at 19 and 21 years old to found Fizz. They envisioned a debit card that not only caters to the younger generation but also helps them build credit and gain financial literacy through an AI-driven budgeting product and gamified financial courses. Fizz targets college students aged 18-24 and stands out by building its own infrastructure and partnering directly with Lead Bank and Mastercard.