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  • Writer's pictureKelsie Papenhausen

Kredit Academy Wins $1M investment in 43North Start Up Competition

Introducing the world’s first credit card emphasizing education over swipes

Kredit Academy, the world’s ‘first’ credit card for the next generation emphasizing education over spend, won $1 million in the 43North start up competition. 43North is a startup program sponsored by Empire State Development that invests $5M annually into seed-stage startups. The startup also received the People’s Choice Award for another $25,000.

“We are very excited and appreciate 43North’s recognition of the need for Kredit Academy and the validity of our platform,” Kredit Academy Founder Evan Leaphart explained. “We founded Kiddie Kredit to help kids understand credit in a way that is relevant to them – through their chores – before they are even old enough to access credit. Kredit Academy is a natural extension of that to teens and beyond.”

Kredit Academy works with credit unions and community banks to issue a white-labeled credit card and digital rewards platform designed to help teens and young adults:

· Form healthy financial habits

· Learn positive credit usage

· Boost their financial literacy

Individuals are issued a secured credit card, with those under 18 having their card co-managed by a parent or guardian, providing a safety net while engaging in real-world experience in credit management. The funds used to establish the credit line in Kredit Academy are held in a high yield savings account, allowing the money to grow over time, and promoting a culture of saving alongside responsible credit usage. The company also has an AI-driven rewards program that issues rewards to users not just based off of spend like traditional rewards programs, but how much they learn in the process.

“Early credit education is critical because credit affects a person’s access to loans, cost of credit and ability to build wealth,” Kredit Academy COO & Head of Education Mike Gross said. “Once you know how to use it effectively, the world can open up for you. If someone doesn’t have to repeat the mistakes we made when we were younger, that’s success for us.”

To learn more, visit, or for their preteen solution check out

Kiddie Kredit’s mission is to empower credit-healthy families. Credit, when utilized properly, is one of the greatest tools to generate wealth. We want to educate about credit responsibly, especially to those who have limited access to capital, all in the name of economic inclusion and equality. Kredit Academy is a white-labeled credit card and digital rewards platform designed to help teens and young adults form healthy financial habits, encourage positive credit usage, and improve financial literacy. Our team leverages the power of experience and dedication to develop digital products that build financial literacy at an early age.


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