cred.ai emerges from stealth mode & launches technology-powered Metal Card

By Pavithra R

cred.ai, a Philadelphia-based FinTech company, has announced its emergence from stealth mode to debut technology-powered Metal Card, a consumer spending product that leverages proprietary technology to give users controls, convenience, and automatic credit score optimization.

With cred.ai Guaranty, customers do not have to pay fees or interest. They will also receive a premium brand experience delivered through a metal Visa card and mobile app. The firm has operated in stealth for the past three years and has closed a Series A funding led by prominent investors including former CEO of AOL and president of Google America and current founder of DTX, Tim Armstrong; David Adelman, CEO of Campus Apartments; and executive chairman of Fanatics and partner with the 76ers, Michael Rubin, as well as a group of individual celebrity investors.

“Banking is so regulated, so antiquated, so daunting, it’s understandable why consumer card products have barely changed over the past decade. Thankfully, we’re a crew of hackers, artists, and scientists, with just a couple recovering bankers in the mix. Our outsider perspective has been one of our greatest assets. We’re not imprinted with traditional concepts of what’s possible or expected, so we get to believe we can tackle any idea we dream up, as long as we have enough coffee,” said Ry Brown, cred.ai CEO and co-founder.

The core cred.ai consumer product functions through combination of an FDIC insured deposit account, the Unicorn Card Visa credit card, and the cred.ai mobile app. Its real-time automation ensures the consumer experience is essentially like a superpowered debit card. WSFS Bank is responsible for providing the FDIC insured deposit accounts and issues the Unicorn Card Visa credit card. The card features Stealth Card,  Flux Capacitor, Check Please, High Security Mode, Automatic Credit Score Optimizer, and Friend & Foe.

“Millennials swipe a lot on social media, but this is a major swipe at disrupting banking. cred.ai is this generation’s version of an Amex Black Card. Millennials don’t care about meaningless points and lounge access hiding amongst hundreds in fees, they care about becoming financially stronger, technology and features on the cutting edge, and companies with values they align with,” said cred.ai investor Tim Armstrong, Founder of the DTX Company and former CEO of AOL, Oath, and President of Google America.

cred.ai in the future has plans to offer ongoing cashback and rewards opportunities. Consumers can apply to join cred.ai’s limited private beta, during which participants will have the chance to share their views on how advanced FinTech would impact their life goals.