TLDR:
- Kudos, a Los Angeles-based company, has raised $10.2M in Series A funding.
- The funding round was led by QED Investors with participation from several other investors.
Kudos, a Los Angeles-based company, has secured $10.2M in Series A funding for its AI-powered smart wallet service. The funding round was led by QED Investors, with participation from other investors such as Patron, The Points Guy founder Brian Kelly, Samsung Next, SV Angel, Precursor Ventures, The Mini Fund, Newtype Ventures, and the Four Cities Fund. The company, led by CEO Tikue Anazodo, plans to use the funds to introduce new services that will enhance its smart wallet capabilities.
The AI-powered smart wallet service offered by Kudos currently has over 200,000 members and serves as a comprehensive smart wallet assistant for consumers. It recommends or automatically selects the best credit card for users to maximize their rewards and cashback. Some of the recent new features launched by the company include MariaGPT, an AI-powered card discovery tool with over 3,000 cards in its database; Dream Wallet, which suggests cards based on user spending habits; and Kudos Boost, which provides personalized rewards across partner brands like Walmart and Sephora.
Founded in 2021 by a team with experience from Google, PayPal, and Affirm, Kudos is accessible through a browser extension or as an app in the Apple App Store. The company aims to continue expanding its services and enhancing its smart wallet capabilities with the new funding raised in this Series A round.
