Fizz: A Credit-Building Debit Card for Generation Z

Fizz is a credit-building debit card that is geared at Gen Z college students. Kleiner Perkin is the investor that led the seed round of $14.4 million.

Carlo Kobe and Scott Smith left their respective courses at Harvard and Cornell in 2021 to establish a company that they called Fizz. The company aims to make the use of the debit card a means of establishing credit and financial independence for college students aged 18-24.

Fizz extensively built its own infrastructure rather than relying on third-party vendors. The company has already secured substantial funding and partnered with Lead Bank and other financial organizations.

Fizz focuses on providing college students with a credit-building alternative through financial literacy education and AI-powered budgeting tools. The company's forward-thinking approach has garnered significant investor interest, including from Kleiner Perkins and SV Angel.