The newest fintech unicorn is a credit card, and it’s betting against big banks
Philadelphia-based fintech start-up cred.ai has unveiled a new banking platform for millennials, complete with a solid metal credit card, and a mission to disrupt the banking system.
The platform, backed by high-profile investors including John Legend and former AOL CEO Tim Armstrong, launched its app and Unicorn Visa Card in beta on August 6 and plans to open applications to all consumers in early Fall. While beta participants include some of cred.ai’s backers, founders are targeting two demographics that inspired the project: banking newcomers and younger Americans distrustful of the financial system.
