Skip to content

From Financial Instability to $1M Investment


In this compelling episode of the 43North podcast, we unravel the remarkable journey of Kredit Academy, a 43North Y9 portfolio company that recently relocated to Buffalo, New York. Founder Evan Leaphart, drawing from his own struggles with credit card debt at the age of 18, shares how this pivotal moment ignited the creation of Kredit Academy—an initiative aimed at empowering youth to use and leverage credit and credit cards.

Founding of Kredit Academy

Evan shares his entrepreneurial journey, emphasizing the challenges he faced due to past credit mistakes made simply due to lack of information. Inspired by his experiences, he envisioned a solution to educate individuals, especially the younger generation, about responsible credit behavior. Mike Gross, Evan’s Best friend and Kredit Academy COO,  joined the venture to impart crucial life skills.

Kiddie Kredit

Evan and Mike introduced Kiddie Kredit, an app that serves as a simulated credit environment and activity management tool designed for children. Easily described as a chore tracker, Kiddie Kredit assigns value to household tasks, teaching children financial responsibility and positive habits. Parents can monitor and reward their children’s activities through the app. When they do their chores, they earn “Bamboo Bucks,” adding them up to earn rewards (such as staying up late, ice cream, or whatever the parents choose). Missed activities are treated like missed payments. 

Kredit Academy’s Educational Approach

The discussion shifts to Kredit Academy, a platform that combines financial education with a secured credit card for young users. The team aims to build the world’s first credit card for the next generation, focusing on education overspending. The secured card requires users to deposit funds, promoting responsible financial behavior.

Black Men Talk Tech

Evan shares his involvement in founding Black Men Talk Tech, a community-driven initiative addressing the lack of resources for Black entrepreneurs in the tech industry. The platform provides support, networking opportunities, and education to underrepresented individuals, contributing to their success in the startup ecosystem.

Connect with Evan and Mike
LinkedIn: Evan Leaphart
LinkedIn: Mike Gross

Learn more about Kredit Academy and Kiddie Kredit:
Kredit Academy Website
Download Kidding Kredit

Subscribe to the 43North Podcast for more inspiring stories and entrepreneurial insights!

Tags: Highlights, Kiddie Kredit, Kredit Academy

More blog posts

Charging Ahead: Jane Chen’s Electrical Revolution with StepWise

In this episode of the Latitude podcast by 43North, Justine Palkowski, Senior Marketing Manager, hosts the co-founders of Stepwise, a Y9 cohort company that recently relocated to Buffalo. Stepwise aims to revolutionize electrification, making it affordable and accessible for homeowners. Meet the Team: Jane Chen, Co-founder and CEO, brings a business background and a passion

Phenomenal Ventures Managing Partner, Helen Min on the 43North Latitude Podcast Graphic
Leaning into Your Strengths for Entrepreneurial Success

Discover the keys to entrepreneurial success as Helen Min, Managing Partner at Phenomenal Ventures, shares insights on playing to your strengths in the startup world. Helen, a Buffalo native with a background in major tech companies and advertising, discusses the evolving role of AI, the power of complementary strengths in founding teams, and the crucial

How Tech Can Save You Money with StoreCash

In our latest Latitude with 43North episode, we sat down with Daricus Releford, Co-founder and CEO of StoreCash, a dynamic app that’s reshaping how you save at your favorite stores. Daricus, part of our year nine cohort, shares the ins and outs of StoreCash, its unique features, and his journey as a black founder in