Fizz has announced the release of the next evolution of its Money App to help students manage their finances and build a strong financial foundation.
Following this announcement, students can now use the Fizz app to check their credit score, gain personalized spending insights, and take free, engaging swipeable financial courses. It will be.
The company also plans to offer a secure and efficient debit card that optimizes the way customers safely build credit. Additionally, Fizz plans to continue to focus on meeting the needs, preferences and demands of its customers and users in an evolving marketplace, while prioritizing processes that maintain compliance with industry regulatory requirements and laws.
More information about new Money app features
Through this launch, Fizz aims to address a critical challenge facing Gen Z: the lack of financial resources tailored for students. Financial stress is the main reason students drop out of college, so it’s clear that a solution to this problem is needed. Additionally, 59% of students are worried about covering their expenses and 37% are worried about repaying their student loans.
The application leverages proprietary AI to provide student customers with a customized financial journey. This is true even if students start with no subject knowledge or have varying levels of credit history (such as good, bad, or unknown).
Additionally, the Fizz Card combines credit-building features with the convenience and security of a debit card. In addition to building your credit history in a responsible and safe way, this product is set up to automatically make payments every day and freeze if you overspend.
Key features and benefits of this product include the ability to easily and freely check customers’ credit scores, track spending and budgets (with personalized insights and monitoring of financial habits), and securely build credit. (enabled for students). Using the Fizz Card to build your credit history without the risk of debt). At the same time, you’ll also have access to financial courses and tips that teach critical financial literacy, as well as SafeFreeze Spending Protection, a feature that freezes cards when you overspend to help students stay on budget.
