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From our day crop voucher out of the newspaper to doing a lookup for a coupon code online , consumers are all about finding benefit and perquisite when shit .
Kudosis one of those party helping us do that . It has created an AI - powered wise wallet that recommends the right-hand credit calling card to maximise reward and hard currency back when making purchase .
Kudos use artificial word to figure out consumer outlay habit so it can then provide more individualized financial advice , like maximizing rewards and utilizing citation effectively , Tikue Anazodo , co - laminitis and CEO of Kudos , tell apart TechCrunch .
Consumers can use Kudos via an app and web browser extension , similar to Honey . There are startups likeKard , Power , Bilt RewardsandMaxRewardsdeveloping in this blank , too .
“ Many of our members say that using Kudos is like having Apple Pay , Honey and Credit Karma all in one app , ” Anazodo read via email . “ However , we automatically optimise payments , find personalised merchant offering and provide smart fiscal recommendation , all powered by advanced AI . ”
Anazodo started Kudos with Ahmad Ismail after working together at Google and Affirm . They later exhibited as part of the Battlefield 200 at TC Disrupt in 2022 .
TechCrunch profile the company in 2022 when itraised $ 7 millionin seed funding from investors including Patron , QED Investors , SciFi VC and SV Angel . At the time , Kudos was in beta mood with 36 % month - over - calendar month in drug user outgrowth and 90 % retention .
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Since 2022 , Kudos maturate from 1,000 beta quizzer to 200,000 registered users and increase annualized checkout time unadulterated merchandise intensity to over $ 200 million , Anazodo say .
It also has some unexampled features , including MariaGPT , an AI - power card discovery tool indexing and recommend over 3,000 card in its database ; Dream Wallet , which allow for personalized card recommendations base on a exploiter ’s spending habit ; and Kudos Boost , which delivers individualized hard currency - back rewards on top of exist credit card rewards across over 15,000 partner brands and retailers .
Anazodo decline to get specific about revenue increase other than to say “ we are still in the early stages of revenue generation . ”
All of that growth lead investors to put additional funds into the company . QED Investors is back to lead the $ 10.2 million Series A for Kudos . Joining in are Patron , The Points Guy founder Brian Kelly , Samsung Next , SV Angel , Precursor Ventures , The Mini Fund , Newtype Ventures and the Four Cities Fund . This young investment gives Kudos $ 17.2 million in full venture - endorse support raised to date .
Anazodo declined to give specific valuational numbers game , but did say the new valuation is more than double its seed valuation .
The company intends to keep a skimpy squad . There are 14 employees today versus 11 in 2022 . It will deploy funding into new AI - powered services for its bright wallet product and expand MariaGPT into a cosmopolitan - purpose personal finance assistant and a portal allowing member to book of account flight of stairs with points so that consumers do n’t have to leave Kudos , Anazodo tell .
As part of the investing , Amias Gerety , a partner at QED Investors , link Kudos ’ board of directors .
“ We chose QED Investors to extend the round of drinks because of their cryptical expertise in fintech and their strong belief in our vision for Kudos , ” Anazodo said . “ Their strategic insights , all-inclusive web and proven track book in scaling successful fintech fellowship , such as leading Credit Karma ’s Series A , made them the ideal mate to help us navigate this next phase of ontogeny . ”
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