"Mine, a credit card and financial planning company founded by two Gen Z college dropouts, is attempting to buck the trend. Mine is announcing $14 million in fresh funding in a 359 Capital-led Series A, with participation from existing investor Kleiner Perkins. Cofounders Carlo Kobe and Scott Smith are confident they can convince their generation to stop spending their hard-earned money on betting whether the U.S. will invade Greenland or Eric Adams's latest memecoin."
"Understanding the difficulty that most young folks have with opening their first credit cards, they designed their offering to function more as a debit card that can build credit. That includes features that encourage users not to spend beyond their linked checking accounts. (They bill the product as a debit card, even though it has a line of credit backing it, and is issued by the fintech-friendly Lead Bank.)"
Mine is a credit card and financial planning company founded by two Gen Z college dropouts. The company raised $14 million in a Series A led by 359 Capital with Kleiner Perkins participating. Mine targets young consumers by offering a debit-like card that builds credit and includes controls to prevent spending beyond linked checking accounts. The product is issued by Lead Bank and is backed by a line of credit while being billed as a debit card. The founders launched out of Y Combinator and have expanded into other products, including an AI-powered app called MoneyGPT.
Read at Fortune
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