Case Study: Firstcard helps students build credit with Synctera

Firstcard helps students build credit with Synctera’s nearly universal acceptance rates

Firstcard, a company focused on student banking, faced the challenge of helping students, particularly international ones, build credit without the risk of overspending. Many students lacked a credit history or score, making it difficult to access financial products. To address this, they needed to build a unique credit builder product and sought a technology partner, finding Synctera.

Synctera provided its Smart Card product, which delivered the necessary credit-building functionality and allowed Firstcard to earn higher credit interchange revenue. The solution enabled nearly universal acceptance for students and included features like earning interest on deposits. Through Synctera, Firstcard also formed a strong partnership with a supportive sponsor bank. Following the successful launch, Firstcard expanded its offerings with a subscription plan and anticipates a large upswing in new student users.

Firstcard