Black Woman-Owned CreditRich Opens Historic $100M Investment Round at $1B Valuation and Welcomes New Board Member Rudy Terrazas

Nationwide — CreditRich, the first Black woman-owned neo-bank, that allows users to round up their spare change to pay their bills intelligently and optimize their credit scores as fast as possible, announced today the historic opening of their $100 million Series B Round at the $1 billion valuation and welcomed Rudy Terrazas, Founder of GWA Funding, to their board.

This financing will strengthen CreditRich’s self-reinforcing model to expand the number of qualified customers for financial products as well as their spending power. Offering a full-service payments platform as a pioneer of one-stop banking, CreditRich users can effortlessly manage their banking, credit reporting, and digital payments under one umbrella.

After setting up their CreditRich account, users can set up automatic payments for online billing, improving their payment history and ultimate creditworthiness. CreditRich’s unique combination of fintech solutions makes it seamless for users to transition between financial accounts with maximum speed, ease, and security while relying on the peace of mind of CreditRich’s AI.

Co-founded by HBCU alumni Angel Rich and Courtney Keen, in a traditionally male-dominated financial technology space, this accomplishment cements CreditRich as a disruptive powerhouse, delivering innovative tools for credit optimization and wealth-building, particularly for underserved communities.

“We are thrilled to open this historic round, breaking ceilings not just for Black women entrepreneurs, but businesswomen everywhere who aspire to change the world,” said Founder, Dr. Angel Rich-Jones who recently received an honorary Doctorate of Humanities from United Graduate College and Seminary International. “Rudy’s support reinforces our vision of global expansion. We are grateful for his decades of wisdom and honored to share in his legacy.”

This funding will allow CreditRich to further its goal of bringing financial access to the masses. According to Forbes, CreditRich previously gained prominence as the first Black company to form a strategic partnership with one of the major credit bureaus as well as the top credit scoring corporation. CreditRich has now formed a partnership with another credit bureau.

Additionally, CreditRich became the first Black woman-owned neo-bank and the second bank founded by a Black woman in history, in partnership with VISA to deliver CreditRich Visa Signature Debit and Credit Cards with the largest deal executed by a fintech company globally. CreditRich is excited to widen its breadth of credit offerings, payment solutions, and loans with the Series B.

This round marks a major milestone for Mrs. Rich-Jones less than 100 Black women founders have secured $1 million in investment funding for their companies, according to Digital Undivided.

Rich, the author of the bestselling book, History of the Black Dollar, added, “CreditRich is committed to harnessing our power to solve systemic issues like closing the wealth gap, and with Rudy Terrazas on board, we are ready to reach new heights in the payments industry.”

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