Over $15B shifts from everyday consumers to the wealthy each year—just through credit card points.
Points were never built to help you win. They were built to make you spend more.
Today, we’re changing that.
We’re launching Rewards 2.0 at @debbierewards , and announcing a $5.3M raise to scale it with support from Reseda Group, @TruStage , Zeal Capital Partners, One Way Ventures, Geek Ventures, 6igma Ventures, and GoodPaper Ventures.
For the first time, points and cash-backs are tied to:
• Every dollar of debt payoff
• Every dollar of savings
• Making better financial decisions
Because if incentives drive behavior, it’s time they worked for the 99%.
#rewards #cashback #fintech #app
@besttrousers Isn't 2022 data outdated, and didn't Americans get 2 years worth of stimulus checks back then? Spending has rebounded tremendously since then.
Consumer credit card debt crossed $1tn in Q3, growing 16.6% YoY with $48bn added in Q3 alone.
@fridaleibo saw the impact of credit card debt firsthand after her mom moved her from Israel to the US, amassing a collection of high-interest rate store cards in pursuit of the American dream.
The problem is compounded for today's consumer by:
🎈 inflation at a 40-year high
📈 interest rates at a 20 year high
🛍️ easy credit through BNPL, with ~1000% growth from $2bn to >$24bn in loans originated in the US from 2019-2021.
After going to @nyuniversity on a scholarship and spending 3 years on credit products at @GoldmanSachs, Frida teamed up with co-founder Rachel Lauren to build a solution.
@DebtDebbie gamifies debt repayment, incentivizing users to relearn the psychology of money, form better habits, and get refinancing rates 50% lower than industry average in partnership with customer-centric credit unions.
Excited to be on the journey with team Debbie at @HustleFundVC!
Hear from Frida on @CBS
https://t.co/E993GAJ0T8
Congratulations to our CEO, @fridaleibo, on being named to the Miami Forbes 30 Under 30 list 👏
Frida is an inspiration to all of us on the Debbie team, and we are excited to see how she continues to bring Debbie to the next level!
#forbes30under30
https://t.co/hzmbxtKt03
Join us at FinovateFall this September to experience 70+ cutting-edge technologies!
Here’s a look some of the companies who have recently joined the demo line-up:
@DebtDebbie, @Merlin_Investor, @Pangea_io, @innovation_fin and @SESAMm_NLP! Find out more >> https://t.co/OlSrLIS4K3
According to the FBI’s latest Internet Crime Report, Americans over the age of 60 lost $1.7 billion to fraud last year. That’s the highest loss amount reported out of any age group. That's why it's important to talk to your parents about scams and how to protect themselves.
https://t.co/L7JTtJhdc0