Since 2022, Kudos has grown from 1,000 beta testers to 200,000 registered users and increased annualized checkout gross merchandise volume to over $200 million. The company offers personalized financial advice, optimizes payments, finds personalized merchant offers, and provides smart financial recommendations. It also has new features like MariaGPT, an AI-powered card discovery tool, Dream Wallet, which provides personalized card recommendations, and Kudos Boost, which delivers personalized cashback rewards.
Key takeaways:
- Kudos, an AI-powered smart wallet company, has raised $10.2 million in a Series A funding round led by QED Investors.
- The company has grown from 1,000 beta testers to 200,000 registered users since 2022, and its annualized checkout gross merchandise volume has increased to over $200 million.
- Kudos offers features like MariaGPT, an AI-powered card discovery tool; Dream Wallet, which provides personalized card recommendations; and Kudos Boost, which delivers personalized cashback rewards on top of existing credit card rewards.
- The new funding will be used to develop new AI-powered services for its smart wallet product and expand MariaGPT into a general-purpose personal finance assistant.