Kudos raises $7 million for smart wallet offering

Kudos, a startup whose smart wallet helps users maximise their credit card rewards and hidden benefits like purchase protection and travel insurance when shopping online, has closed a $7 million seed funding round and launched its mobile and desktop extension to the public.

The round, led by Patron, includes investments from QED Investors, SciFi VC, SV Angel, Precursor Ventures, Newtype Ventures, Chingona Ventures, and over 40 angel investors.

The cash will enable Kudos, which was founded in 2021 by a team from companies including Google, Affirm and PayPal, to further develop its smart wallet product.

The company will also allocate funds toward future initiatives, including the launch of additional cashback boosts across 12,000 merchant partners.

Tikue Anazodo, Co-founder and CEO, Kudos, says: “Our goal is to simplify online checkout and maximise rewards and benefits to the consumer.”

“The support of our investors allows us to further realise this goal and continually improve the customer experience. We identified an opportunity to build a new wallet product with a more consumer-focused lens and are excited to provide greater utility and benefits to our users."

"We're thrilled to back Kudos' expansion and its mission to maximise the online shopping experience," said Jason Yeh, Co-founder and General Partner at Patron.

"Kudos has the team and the experience to execute at the highest level and will undoubtedly revolutionise online shopping by creating delightful experiences for their users."

Funding roundsStaff WriterKudos, Smart wallets, Online retail, Startups, Funding rounds, E-commerce, Funding newsComment