What is the Innovative Technology Used by Fintern, the ‘Amex-meets-SecretNYC’ Startup to Attract Gen-Z Customers?
Introduction
Fintern, a fintech startup that aims to combine the exclusivity of American Express with the insider appeal of SecretNYC, has raised $15.4 million in an equity funding round. The company plans to use the funds to expand globally and further develop its platform, which targets Generation Z.
What is Fintern?
Fintern is a digital platform designed for Gen-Z customers who want personalized financial advice, discounts, and exclusive perks. The company offers a credit card, called The Fintern Card, which gives users access to a range of benefits, from discounts on popular brands to exclusive experiences and events.
The Equity Funding Round
The $15.4 million equity funding round was led by Spark Capital and included participation from investors such as General Catalyst, First Round Capital, and Greycroft. With this funding, Fintern plans to expand globally and enhance its offerings, including more benefits and personalized experiences for its users.
Future Plans
Fintern aims to become the go-to financial platform for Gen-Z customers who are looking for a unique and tailored experience. With the expansion plans, the company hopes to attract more customers and offer more personalized benefits.
The Takeaway
Fintern’s equity funding round is a major milestone for the startup and shows its potential in the fintech market. The platform’s combination of financial services and exclusive benefits aimed at Gen-Z consumers could make Fintern a strong competitor in the industry. With the new funds, the company has the opportunity to expand and attract more customers.