Zed secured $6m in funding to introduce pioneering “no-fee” credit card.
Mar 20, 2024•over 1 year ago
Amount Raised
$6 Million
Investors
Valar Ventures
Description
Zed, a credit-led neobank, raised US$6m in funding to launch the country’s first “no-fee” credit card, aimed at democratizing financial services in the Philippines.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers