The Philippine startup scene just hit a major milestone. Zed, a next-generation credit card startup built for young Filipinos, has secured $16.5 million in Series A funding with Silicon Valley heavyweight Accel leading the round. For a country where many professionals still struggle to access fair credit, this funding signals a big shift in how banking could finally work for a new generation.
Beyond the numbers, Accel’s backing places Zed on the global fintech map and reinforces the growing confidence in Filipino-led, tech-driven financial solutions.
Accel Backs Zed in Landmark Philippine Startup Investment
Announced on December 12, 2025, Zed’s Series A round brings one of the world’s most respected venture capital firms into the Philippine ecosystem. Accel is known for early investments in global giants such as Facebook, Spotify, Slack, and Dropbox making this a significant vote of confidence in Zed’s vision.
The round also includes continued support from Valar Ventures, along with prominent angel investors Immad Akhund and Dalton Caldwell, bringing Zed’s total funding to $22.5 million.
For local startups, this is more than just funding, it’s a signal that world-class capital is paying close attention to innovation coming out of the Philippines.
Why Zed Is Rethinking Credit Cards for Young Filipinos
Zed is tackling a familiar frustration among young professionals: being denied credit despite having stable jobs, degrees, and income. Traditional banks often rely on outdated credit scoring factors such as the age of existing credit accounts that don’t accurately reflect real financial behavior.
Instead of shutting people out, Zed uses AI-driven underwriting that looks at:
- Current income
- Transaction history
- Broader financial data beyond traditional credit scores
This approach allows Zed to serve creditworthy Filipinos who are often overlooked by legacy banks.
What Makes Zed’s Credit Card Different
Zed’s product is designed around how young people actually spend and manage money today. Key features include:
- Global Travel Without Hidden Fees. Zero foreign exchange fees or markups, making it one of the most cost-effective cards for overseas spending.
- Smarter, Safer Online Payments. Unlimited virtual cards with customizable spending limits and auto-expiry options, including single-use or 24-hour cards.
- Peer-to-Peer Payments on Credit. Users can split bills or send money instantly and settle everything later through their monthly statement.
These features combine flexibility, security, and convenience without the friction common in traditional banking apps.
Why Accel Believes in Zed’s Vision
Accel Partner Nafis Jamal shared that the firm is backing Zed’s mission to build AI-powered financial services that are transparent, accessible, and designed for customers long ignored by banks.
He pointed out that many first-time banking customers encounter confusing fees, outdated systems, and impersonal service—clear signs that these institutions were built for a different era. Zed, by contrast, is building from the ground up for today’s users.
Rapid Growth, Massive Demand, and What’s Next
Since launching on an invite-only basis, Zed has seen explosive organic growth. Without paid marketing, its waitlist has grown to nearly 200,000 sign-ups, driven almost entirely by word of mouth.
So far in 2025:
- The customer base has grown 10x
- Transaction volume has jumped by around 500%
- Most of the waitlist has yet to be invited
With fresh funding, Zed plans to accelerate user onboarding and expand its team. Hiring is underway for roles in Operations, Risk, Growth, and Support in Manila, as well as Product, Design, Data Science, and Engineering roles in San Francisco.
Co-founder Danielle Cojuangco Abraham shared that Zed is building financial tools that match the ambition and pace of today’s generation. Meanwhile, Steve Abraham, also a co-founder, noted that much of Southeast Asia’s banking infrastructure is decades old and this funding helps fast-track Zed’s mission to rebuild it using modern AI technologies.
Zed’s rise reflects a broader shift in Philippine fintech: one where access, fairness, and smart technology take center stage. For young professionals tired of rejection emails and rigid requirements, this could mean real financial inclusion finally delivered through tools that make sense.
If you want to be part of this new wave of banking, you can join Zed’s waitlist or explore career opportunities as the company scales.