Augie

What Augie does

GetAugie Inc., operating as Augie, is a US financial technology company founded in 2021 and headquartered in New York that operates a single-product credit-building platform aimed at US consumers with no or limited credit history. The company's flagship product is the Augie Card, a secured charge card issued by TCM Bank, N.A. under a Visa U.S.A. license, supported by deposit services from Meridian Bank and accessed through the GetAugie mobile application (iOS and Android). The platform's central technical element is a patent-pending 'payment-by-payment security' process that creates collateral incrementally per transaction rather than requiring the large upfront security deposit typical of secured credit cards, enabling zero-deposit, zero-interest, zero-annual-fee card issuance.

The product stack integrates Qolo for unified ledger and payment processing, MX for financial-data aggregation and bank-account verification, and Hyperverge for identity verification during onboarding. Distribution is entirely self-serve: prospective users request an invite code from the company's waitlist, download the app, register, and apply for the card, with a built-in referral program offering reward points usable against bills on successful invites. Augie monetizes exclusively through interchange fees on card transactions rather than through interest, subscription, or fee income, making transaction volume the principal economic driver.

The company employs between one and ten people with a six-person leadership team spanning banking, compliance, payments, partner development, and go-to-market strategy. Its target market is the 45M+ US adults with no credit score and the 26M+ credit-invisible adults. Augie completed full platform integration and secured nationwide US rollout approval in October 2024, announced a Meridian Bank partnership in November 2024, and publicly launched the Augie Card in March 2025. A single early-stage funding round of $1,000,000 was raised in early 2023; investors were not disclosed.

Name

Augie

Legal name

GetAugie Inc.

Website

https://augie.app

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

GetAugie Inc. (Augie) is a US fintech that issues a secured charge card enabling credit-invisible and thin-file consumers to build credit profiles by paying recurring bills, using a patent-pending payment-by-payment security mechanism and monetizing via interchange fees.

Ownership category

akta.pro rank

Product category

Consumer Credit Services

NAICS

Credit Card Issuing (52221)

SIC

Personal Credit Institutions (6141)

akta.pro industry

PRIMARYFSAKABAD

Secured Credit Cards

Financial & Insurance/Lending & Consumer Finance/Credit Cards & Revolving Credit

SECONDARYFSAKABAK

Virtual / Digital-First Credit Cards

Financial & Insurance/Lending & Consumer Finance/Credit Cards & Revolving Credit

SECONDARYFSAGALAC

Embedded Card Issuing & Card-as-a-Service

Financial & Insurance/Financial Technology (Fintech)/Embedded Finance & Banking-as-a-Service (BaaS)

Keywords

• Secured credit cards
• Credit building
• Mobile banking
• Financial inclusion
• Consumer fintech

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Interchange Fees on Credit Card Transactions: Augie generates revenue through interchange fees charged on every transaction made with the Augie Card. As a charge card with no annual fees and no interest charges, the primary economic model relies on transaction volume rather than recurring subscription or fee income.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

Augie provides the Augie Card, a secured credit card issued by TCM Bank, N.A. under a Visa license that enables US consumers with no or low credit history to build a credit profile by paying recurring bills. The card uses a patent-pending payment-by-payment security process that eliminates the need for a large upfront security deposit, and carries no annual fees, no interest charges, and no credit check requirement for application.

Product overview

Augie is a financial technology platform offering a single integrated product: the Augie Secured Credit Card, accompanied by the GetAugie mobile app and the Augie Security Account. The Augie Card is a secured charge card issued by TCM Bank, N.A. that enables users without credit history to build a credit profile by paying recurring bills. The GetAugie App serves as the account management interface where users apply for the card, track their credit-building progress, and access referral codes. The Augie Security Account holds the security deposit balance that backs the card on a payment-by-payment basis. The platform generates revenue through interchange fees on card transactions rather than interest charges or annual fees.

Differentiator

Problem solved

Functional benefit

Products and services

• Augie Card A secured credit card issued by TCM Bank, N.A. under license from Visa U.S.A., Inc. that enables users to build a credit profile by paying recurring bills without requiring large upfront security deposits, annual fees, or interest charges. Uses a patent-pending process to create security on a payment-by-payment basis.
• GetAugie App Mobile application for iOS and Android that allows users to apply for the Augie Card, manage their account, track credit-building progress, access referral codes, and receive notifications to ensure timely bill payments.

Quantifiable outcome

• A track record of credit transactions created through Augie Card usage can positively affect credit scores when used as intended
• +3 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature1 record

Partnerships

Four partnerships are on record, tiered core and supporting.

• QolocoreTechnology or IntegrationQolo provides a unified, flexible ledger, issuing, and money movement solution that powers Augie's payment infrastructure. Qolo enables enterprises to boost efficiency through their payment processing capabilities.
• MXcoreTechnology or IntegrationMX helps companies do more with financial data, providing financial data aggregation services that enable Augie to connect to users' existing checking or savings accounts at US banks for verification and account linking purposes.
• HypervergesupportingTechnology or IntegrationHyperverge provides frictionless onboarding solutions across the globe. Augie uses Hyperverge's identity verification technology to enable seamless and efficient KYC (Know Your Customer) verification during the user onboarding process.
• MX TechnologiescoreTechnology or IntegrationMX Technologies is referenced in the FAQ as the partner that connects to users' existing US bank checking or savings accounts to verify accounts during the Augie Card application process.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Emerging players

• Current: Current is a neobank offering mobile banking, spending, and credit-building features to underbanked and thin-file consumers. Comparable credit-formation positioning with digital-only onboarding, though broader product suite.

Direct peers

• Self (formerly Self Lender): Self provides credit-builder loans and credit-building products to thin-file and credit-invisible US consumers. Highly comparable: same target persona (no/low credit history), similar product-led GTM, and shared mission of building credit without traditional underwriting barriers.
• Extra: Extra offers a debit-backed card that builds credit through everyday spend without requiring a traditional security deposit. Closest direct competitor to Augie's payment-by-payment security concept, serving the same credit-invisible thin-file segment.
• TomoCredit: TomoCredit issues credit cards specifically designed for consumers with no credit history, using alternative underwriting. Directly comparable: same target segment, similar card-based credit-formation model, and overlapping fintech/neobank positioning.
• Deserve: Deserve issues credit cards and banking products targeted at students, immigrants, and thin-file consumers who lack traditional credit history. Directly comparable customer base and credit-formation product positioning.
• Possible Finance: Possible Finance offers small installment loans and credit-building products to underbanked consumers with thin or no credit files. Comparable target market and credit-building mission via mobile-first fintech rails.
• Petal: Petal issues credit cards using alternative underwriting for consumers with limited credit history. Comparable mission of serving thin-file and credit-invisible applicants, with similar alternative-data credit-building positioning.

Broad incumbents

• Chime Credit Builder: Chime's Credit Builder secured Visa card targets consumers looking to establish or build credit without a traditional security deposit. Broader incumbent in consumer fintech; comparable secured-card product for thin-file consumers but part of a much larger account/feature portfolio.
• Dave: Dave is a consumer fintech with banking, budgeting, and credit-building offerings targeting lower-income and thin-file customers. Comparable financial-inclusion thesis and product-led mobile-first distribution, with broader scale.
• Discover it Secured: Discover it Secured is a leading traditional secured credit card requiring a security deposit, widely used by consumers building credit. Direct overlap in card category and customer need; broad incumbent that defines the legacy deposit-based experience Augie aims to displace.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/getaugienow

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Augie