Kudos Raises $10.2M Series A

Kudos, a Los Angeles, CA-based provider of a AI-powered smart wallet service that automatically oprimize consumer rewards and benefits on purchase, raised $10.2M in Series a funding.

The round was led by QED Investors with participation from Patron, The Points Guy founder Brian Kelly, Samsung Next, SV Angel, Precursor Ventures, The Mini Fund, Newtype Ventures, and the Four Cities Fund.

The company intends to use the funds to roll out various new services that will augment its smart wallet capabilities.

Led by CEO Tikue Anazodo, Kudos provides an AI-powered smart wallet service to over 200,000 members. It acts as a comprehensive smart wallet assistant for consumers. It can recommend or automatically select the best credit card for them to use when paying to maximize their rewards and cash back. Recently, the company launched several new features, including MariaGPT, an AI-powered card discovery tool with over 3,000 cards currently in its database; Dream Wallet, which automatically recommends cards that fill gaps in a member’s wallet based on their spending habits; and Kudos Boost, which delivers personalized rewards that augment card rewards across over 15,000 partner brands, including Walmart and Sephora.

Founded in 2021 by a team with experience from Google, PayPal and Affirm, Kudos is available through either a browser extension (compatible with Google Chrome, Microsoft Edge and Safari) or as an app available in the Apple App Store.