HQ: Philadelphia, PA
Founders: Dylan Brown and Ry Brown
Website: cred.ai
Opportunity: Over 100 million people in the U.S. have poor or no credit. Many of these people rely on highly commoditized debit cards, and, as a result, do not have a credit score and cannot obtain a loan. Existing solutions that aim to service these consumers also charge well above average interest rates and fees.
Vision: Cred.ai is building a next generation payment option with their unsecured credit card that helps users build credit history without charging fees to consumers and offers additional features such as automated spending limits. Cred.ai vertically integrates the entire operating system from the bank charter and regulatory infrastructure to a core ledger system and user experience.
Status: Active
