Episode Details

This story was originally published on HackerNoon at: https://hackernoon.com/coverd-and-albert-wang-the-infrastructure-behind-a-new-kind-of-card.
Coverd is using modern card infrastructure to rethink rewards with instant cashback, rapid growth, and a consumer-first credit card model.
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Coverd, founded by Albert Wang, is building a new kind of rewards card using infrastructure from Rain to deliver instant cashback on purchases. Instead of locking users into traditional redemption systems, Coverd lets rewards work immediately after transactions clear. Backed by a16z Speedrun and other investors, the company shows how modern card infrastructure is lowering barriers to fintech innovation.