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§ Private Profile · New York City, NY, USA
Money app providing financial tools and services to help young adults manage money through an intuitive mobile platform.
Fizz has raised $55.5M across 4 funding rounds.
Key people at Fizz.
Fizz was founded in 2021 by Carlo Kobe (Founder) and Scott Smith (Founder).
Fizz has raised $55.5M in total across 4 funding rounds.
Based in New York City, New York, Fizz operates as a consumer financial technology company developing a specialized money management application tailored specifically for young adults. The enterprise provides a comprehensive suite of mobile-first financial tools and services aimed at helping this primary customer demographic navigate personal finance and daily transactions through an intuitive digital platform. Operating exclusively within the broader consumer fintech sector, the organization focuses on addressing the unique economic needs of younger consumers who are actively establishing their early financial habits and credit profiles. To support its ongoing software development and market expansion, the company currently maintains a corporate workforce of 16 employees while actively hiring for four additional open roles across its engineering, product design, and marketing departments. Fizz was officially established in 2021 by co-founders Carlo Kobe and Scott Smith.
Fizz is a leading financial technology platform designed specifically for college students and young adults, offering a credit-building debit card and money management tools that help users build credit safely without incurring debt or interest. Its core product, the Fizz Debit Mastercard, links to users' existing bank accounts and features daily autopay, smart spend limits, and financial education resources. The platform serves over 100,000 members across hundreds of U.S. colleges, providing a user-friendly way to build credit, budget, and earn cash back rewards, all while avoiding traditional credit card pitfalls[1][3][4].
Founded by Carlo Kobe (CEO) and Scott Smith (COO), Fizz launched its product in January 2023 under ShoulderTap Technologies, Inc. The idea emerged to address the challenge young adults face in building credit responsibly. Early traction included rapid adoption on college campuses and recognition as a top credit-building app for students by Business Insider in 2025. The company partners with Patriot Bank (card issuer) and Lead Bank (loan originator), reporting payment history to Experian and TransUnion to help users establish credit history[1][3].
Fizz rides the growing trend of fintech solutions tailored to Gen Z and young adults, who are increasingly seeking responsible, transparent, and educational financial products. The timing is critical as traditional credit-building tools often exclude or disadvantage students and young adults. Fizz leverages modern fintech infrastructure to provide real-time spending tracking and credit reporting in a mobile-first experience, aligning with Gen Z’s preference for digital-first, user-friendly financial services. Its focus on safe credit-building and financial literacy addresses a broader ecosystem need for reducing youth financial vulnerability and promoting long-term financial health[1][3].
Fizz is poised to expand its user base beyond the current 100,000+ members by deepening campus penetration and enhancing its financial education offerings. Trends such as increased demand for financial wellness tools, rising awareness of credit importance among young adults, and the shift toward cash-back and rewards-driven debit products will shape its growth. The company’s emphasis on safe credit-building and daily autopay features positions it well to influence how young adults approach credit and money management, potentially becoming a standard financial sidekick for students nationwide[1][3][4].
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This overview focuses on Fizz as a portfolio company building a student-first credit and money app, highlighting its product, mission, origin, differentiators, and market role based on the latest available data.
Key people at Fizz.
Fizz has raised $55.5M across 4 funding rounds. Most recently, it raised $14.0M Seed in June 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 1, 2024 | $14M Seed | Kleiner Perkins | 6TH MAN Ventures, Active Capital, ALT Capital, ATX Venture Partners, Canaan Partners, Comal Ventures, DFJ, Founders Co OP, Indicator Ventures, KRM Interests LLC, LUX Capital, Maverick Capital, Menlo Ventures, Mouro Capital, Necessary Ventures, Next Coast Ventures, Picus Capital, Precursor Ventures, QED Investors, RED Swan Ventures, Sunset Ventures, Xstarpartners, Y Combinator, Adam Marchick, Andy Rubin, Brian Sugar, Hugo Angelmar, Rajiv Bala, Ravi Grover, SRI Batchu | Announced |
| Aug 1, 2023 | $25M Series B | — | Comal Ventures, Kleiner Perkins, Danielle LAY, NEW Enterprise Associates, OWL Ventures, Sunset Ventures, Sahin Boydas, NEA | Announced |
| Nov 23, 2022 | $12M Series A | NEA | Lightspeed Venture Partners, NEW Horizon Capital, OWL Ventures, Rocketship.vc, Smash Ventures | Announced |
| Oct 4, 2022 | $4.5M Seed | Rakesh Mathur | Lightspeed Venture Partners, Octane Fund | Announced |
Fizz was founded in 2021 by Carlo Kobe (Founder) and Scott Smith (Founder).
Fizz has raised $55.5M in total across 4 funding rounds.
Fizz's investors include Kleiner Perkins, 6th Man Ventures, Active Capital, Alt Capital, ATX Venture Partners, Canaan Partners, Comal Ventures, DFJ, Founders Co-op, Indicator Ventures, KRM Interests LLC, Lux Capital.