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Zed secured $6m in funding to introduce pioneering “no-fee” credit card.

Zed secured $6m in funding to introduce pioneering “no-fee” credit card.

03/20/24, 1:45 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgsan francisco
Money raised
$6 million
Industry
financial services
software
Investors
Valar Ventures
Zed, a credit-led neobank, raised US$6m in funding to launch the country’s first “no-fee” credit card, aimed at democratizing financial services in the Philippines.

Company Info

Company
Zed
Location
san francisco, california, united states
Additional Info
Meet Zed, the most powerful way to use credit: no interest, no foreign transaction fees, unlimited virtual cards. Be the first to get the card that’s about to change everything. Limited release in the Philippines. Join the waitlist at www.zed.co. We’re unlocking wealth creation for the next generation in Southeast Asia. We see responsible credit-building as the key to long-term financial success. Yet for most young professionals in the region, credit is arbitrarily awarded, antiquated, or inaccessible. That’s why we built Zed. We believe young professionals—especially in Southeast Asia—deserve and expect more from their money. Our team of is uniquely built to solve this problem, made up of Stanford engineers that have spent their careers in banking, private equity and hyper-growth startups (Facebook, Google, Stripe, Square, Box). We’re backed by Peter Thiel’s fintech venture fund, Valar, and seasoned fintech operators who helped build Nubank, Square, Cred and Mercury, among others. Our Product, Design and Engineering teams are headquartered in San Francisco and Operations is based in Manila.

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