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Extra
Rewards debit card
- 101-200 employees
- Fintech
- B2C
- B2B
- Banking
- Personal finance
- Credit cards
- Mobile
- Downtown Los Angeles, Los Angeles, CA
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Company mission
To make credit building safer, smarter and more accessible for everyone.
Our take
Credit building is not something taught in school, and many have to navigate this sector themselves when looking to take on bigger projects or milestones in their life. The founders of Extra could not believe that there was no alternative way to credit cards to build a line of credit, and definitely nothing that was supporting those on this quest.
It is key to note that Extra is not a banking app, but rather a debit card that connects to your current bank and supports you with reward schemes and a credit building structure. Customers use an Extra Card to track purchases, with Extra spotting you for the original purchase and then debiting from the connected bank within two days of purchase. At the end of the month these transactions are run through credit rating programs like Experian and support customers in building their credit portfolio. It's certainly a novel approach in a legacy industry.
The company is especially appealing to those who have applied to get a credit card and are denied. The company is in a lane of its own with this idea and it's excited to see how it develops as the company grows.
Freddie
Company Specialist at Welcome to the Jungle
Company values
- Customer-obsessed
Leadership
Serial entrepreneur alongside Extra's CBO, co-founded 367 Productions (acquired by Minerxl Ltd), Down to Shop and Push For Pizza (acquired by Eaze).
Biren Shah
(COO)Back in 2000, co-founded Blue Sky Labs. Has since co-founded NoCat Networks and Data Cortex.