CreditRich, the first Black woman-owned neo-bank, has announced the launch of its $100 million Series B funding round, achieving a valuation of $1 billion. Co-founded by Angel Rich and Courtney Keen, CreditRich aims to revolutionize financial accessibility by helping users optimize credit scores through spare-change payments and advanced financial tools.
The funding milestone also marks the addition of Rudy Terrazas, founder of GWA Funding, to its board of directors, a move that further strengthens the company’s vision for global growth.
“This funding represents more than capital; it symbolizes a step forward for Black women entrepreneurs and anyone striving to innovate and lead in fintech,” said Dr. Angel Rich-Jones, CreditRich founder and CEO, who was recently honored with a Doctorate of Humanities from United Graduate College and Seminary International. “With Rudy’s experience and support, we’re poised to take our solutions to the global stage, addressing financial inequities at scale.”
CreditRich provides a full-service platform where users can round up spare change to pay bills intelligently, boosting credit scores quickly. With automated payment systems and an AI-driven interface, the platform allows customers to manage banking, credit reporting, and digital payments in one seamless experience.
The company’s unique approach helps users transition easily between financial accounts with enhanced security and efficiency. After setting up an account, users can schedule automatic bill payments, directly improving their credit history and creditworthiness.
“Our tools are designed to make financial growth accessible and straightforward, especially for communities traditionally excluded from these opportunities,” said Rich-Jones.
CreditRich has already made history in the fintech world. It was the first Black-owned company to secure strategic partnerships with major credit bureaus and credit-scoring organizations. In collaboration with VISA, CreditRich launched the CreditRich Visa Signature Debit and Credit Cards, the largest deal of its kind executed by a fintech company.
The Series B funding will allow CreditRich to expand its offerings, including additional credit-building tools, payment solutions, and loan products. These advancements are expected to solidify the company’s position as a disruptive leader in the financial technology sector.
Rich-Jones’s leadership in fintech innovation has gained widespread recognition. According to Digital Undivided, fewer than 100 Black women founders have raised over $1 million in investment funding, a barrier CreditRich has surpassed significantly.
“CreditRich is committed to addressing systemic challenges like the racial wealth gap through cutting-edge technology and innovative financial products,” said Rich-Jones, who is also the author of the bestselling book History of the Black Dollar.
The platform’s mission aligns with its achievements: to bring financial literacy and wealth-building tools to underserved communities. By leveraging AI and fintech solutions, CreditRich provides a sustainable model for credit optimization and economic empowerment.
Rudy Terrazas’s appointment to the board is expected to accelerate CreditRich’s global expansion. With decades of expertise in financial services, Terrazas will contribute strategic guidance to help the company scale its operations and broaden its impact.
“Rudy’s partnership reinforces our vision of making financial solutions accessible on a global scale,” Rich-Jones added.
CreditRich’s efforts have already delivered tangible results. The platform has helped countless users improve their creditworthiness while addressing broader financial disparities. With its sights set on international growth, the company is poised to redefine how fintech serves communities and creates opportunities.
Looking ahead, CreditRich’s leadership remains focused on driving systemic change. The Series B funding not only represents a significant financial milestone but also reaffirms the company’s mission to create equitable financial solutions.
“Through innovation and determination, we’re proving that financial technology can be a tool for empowerment,” said Rich-Jones.
With its groundbreaking achievements and ambitious vision, CreditRich is leading the way for a more inclusive and accessible financial future.
