Fizz today announced the launch of the next evolution of its Money App, specifically designed to empower students in managing their finances and building a strong financial foundation. With the Fizz app, students can check their credit scores, gain personalized spending insights, and take engaging, swipeable financial courses—all for free. Fizz also offers a unique debit card that helps users build credit safely, making it the first app to combine these powerful tools in one place, specifically tailored for college students.
Fizz is addressing a critical challenge faced by Gen Z: the lack of tailored financial resources for students. Despite the common belief that Gen Z struggles with money management, the real issue lies in a system that wasn’t built with their needs in mind. This gap is particularly concerning when considering that 59% of students worry about covering their expenses, and 37% are anxious about paying down student loans.
With financial stress being the leading cause of students dropping out of college, it’s clear that a solution is needed. Fizz is stepping in to change this narrative—our data shows that 75% of students feel more financially confident, and 70% feel more financially independent after using the app.
“Financial literacy has plummeted to three-decade lows, leaving young adults unsure where to start or how to secure their financial futures,” said Scott Smith, COO of Fizz. “Our goal with Fizz is to provide a comprehensive and accessible solution that not only educates but also empowers students to take control of their financial journey.”
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Introducing the First Tailored Money App for Students
While many apps allow users to check their credit scores, Fizz goes further by helping students understand the real-life impact of their credit score. Using its proprietary AI, Fizz offers hyper-customized financial journeys, whether users are starting with no knowledge or have varying levels of credit history—good, bad, or uncertain.
The Fizz Card is a one-of-a-kind tool that pairs credit-building functionality with the convenience of a debit card. The card automatically pays itself off daily, freezes when overspending occurs, and builds credit history in a safe, responsible way.
Key Features and Benefits:
- Check Your Credit Score: Keep track of your credit score easily and for free.
- Track Your Spending and Budgets: Get personalized insights and monitor your financial habits.
- Financial Courses and Tips: Access fun, swipeable courses that teach essential financial literacy.
- Build Credit Safely: Use the Fizz Card to build your credit history without the risk of debt.
- SafeFreeze® Spending Protection: The card freezes when you overspend, helping you stay within budget.
