Philippines-based credit card startup Zed secured $16.5M in Series A funding led by Accel, bringing...
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This is an incremental funding update for a Fintech-AI player in the Southeast Asian market, but does not meet the $500M threshold for cross.§D.
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Philippines-based credit card startup Zed secured $16.5M in Series A funding led by Accel, bringing total capital to $22.5M. This investment fuels Zed's AI-driven approach to democratize credit access for young Filipinos, using real-time data beyond traditional scores. With a 200,000-strong waitlist and a 500% surge in transaction volume, Zed is rapidly redefining fintech by offering innovative solutions like zero foreign exchange fees and unlimited virtual cards. This marks a significant stride in building a more inclusive financial ecosystem across Southeast Asia.