Firstcard, a Palo Alto, CA-based fintech startup building banking for college students, raised $4.7M in Seed funding.
The round, which brought the total amount to $7.7M, saw participation from VCs and angels such as AngelList Early Stage Quant Fund.
The company intends to use the funds to double-down on its student-first approach and scale its tech infrastructure and marketing efforts on college campuses.
Led by Kenji Niwa (CEO), Daniel Junqueira (CTO) and Ma Qing (CMO), Firstcard provides college students with financial solutions including a bank account, tools to build credit, earn cash back and grow savings with friends.
The company also debuted its Credit Builder Card, which allows students to get a credit card and start building credit without worrying about their credit history, overspending, or application rejection. Firstcard lets students earn up to 15% cash back at selected merchants and soon grow savings with up to 4.25% APY with the launch of Firstcard Plus (a $3 monthly subscription plan) — all within a single platform.
FinSMEs
06/09/2023