Kudos, a Los Angeles, California-based company that offers a smart wallet service driven by AI that prioritizes customer incentives and advantages at the time of purchase, has acquired $10.2 million in Series A investment.
Investors
- QED Investors
- Samsung Next
- SV Angel
- The Mini Fund
- Precursor Ventures
- Four Cities Fund
- Patron
- The Points Guy creator Brian Kelly
Use of funds
The money will be used by the business to launch a number of new services that will enhance its smart wallet functionality.
Over 200,000 subscribers use Kudos’ AI-powered smart wallet service, which is run by CEO Tikue Anazodo. For customers, it serves as a full-featured smart wallet assistant. To optimize their benefits and cash back, it might suggest or choose for them the ideal credit card to use at the time of payment. The company recently introduced a number of new features, such as Dream Wallet, which suggests cards to members based on their spending patterns; MariaGPT, an AI-powered card discovery tool with over 3,000 cards in its database; and Kudos Boost, which offers customized rewards that complement card rewards across over 15,000 partner brands, such as Walmart and Sephora.
About Kudos
Kudos was founded in 2021 by a group with backgrounds at Google, PayPal, and Affirm. It can be accessed via the Apple App Store as an app or as a browser extension that works with Google Chrome, Microsoft Edge, and Safari.
