Silicon Valley Journals reports that QED Investors led the funding round, in which Samsung Next, SV Angel, Patron, The Points Guy creator Brian Kelly, Precursor Ventures, The Mini Fund, Newtype Ventures, and the Four Cities Fund also participated.

Kudos' AI-powered smart wallet service serves as a complete smart wallet assistant for users, suggesting or picking the ideal credit card to use in order to maximize cashback and incentives. With the additional money, Kudos hopes to improve the smart wallet features that its 200,000+ members now enjoy.

"We plan to use the funds to roll out new services that will enhance our smart wallet capabilities," said CEO Tikue Anazodo. Kudos has unveiled a number of new features, such as Dream Wallet, which suggests cards based on spending patterns, MariaGPT, an AI-powered tool for finding cards, and Kudos Boost, which offers customized rewards across partner retailers like Walmart and Sephora.

Kudos was founded in 2021 by a group with backgrounds at Google, PayPal, and Affirm. It can be downloaded as an app and as a browser plugin from the Apple App Store. In keeping with the larger trend of using technology to better personal money management, this most recent fundraising round will allow the firm to enhance its user experience and add more features.

Apart from improving its product, Kudos wants to make investments in growing its user base and becoming more visible in the market. Kudos is well-positioned to satisfy customer desire for more intelligent financial management solutions by providing a smooth and intelligent credit card reward optimization solution.