# CARD Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/card

- Industry: Financial Services
- Headquarters: San Ramon, US
- Website: www.card.com
- Total disclosed funding: $9.6M
- Latest round: Series C (Feb 16, 2016)
- Investors on record: 10

## About

CARD Corporation operates as a financial technology firm specializing in innovative banking solutions, providing users with a Premium Bank Account and a Visa® Debit Card that enhance personal banking experiences through mobile technology.CARD Corporation was founded in 2011 and is headquartered in San Ramon, US. The company focuses on delivering flexible banking solutions and has successfully completed 6 deals, with its most recent funding round occurring on February 16, 2016. In this Growth round, CARD Corporation raised USD 9.00 mn with investments from Columbia Pacific Advisors and Fenway Summer Ventures, bringing its total amount raised to USD 9.00 mn. The current CEO is Paul Neustaedter, who leads the company in its strategic endeavors.CARD Corporation primarily offers a Premium Bank Account coupled with a Premium Visa® Debit Card, designed to deliver flexible financial solutions to its users. The core functionality of the Premium Bank Account includes seamless balance viewing, fund transfers, bill payments, and money sending through an intuitive mobile application. Users can personalize their banking experience by selecting from a variety of branded card designs, with the option to hold up to three distinct card designs at a time. The company targets a broad range of customers, including individuals seeking accessible banking solutions, and has established a significant presence in markets across the United States. Additionally, features such as QuickPay Direct Deposit and RapidAlerts provide users with advanced notification options and faster access to their funds.CARD Corporation generates revenue primarily through transaction fees associated with its banking services, as well as potential retail partnerships facilitated by their banking solutions. Customers utilizing the Premium Bank Account may pay standard monthly maintenance fees, which are waived with qualifying direct deposits. The firm also offers optional services, including Overdraft Protection, which incurs fees when users exceed their account balance beyond a specified limit. The transaction structure is primarily focused on B2C interactions, where individual users engage directly with CARD's offerings, including premium debit card services that are accepted wherever Visa is honored. With a client base exceeding 1.3 million users, the company leverages its robust application to drive user engagement and transaction frequency, while offering financial products that resonate with modern banking needs.CARD Corporation plans to enhance its product offerings with new features and services tailored to the evolving needs of its customers. As of February 2016, following its recent funding, the company aims to expand its reach into new markets across the United States, focusing on regions with growing demand for digital banking solutions. The funds raised in the latest Growth round will be allocated towards the development and launch of these new banking products, reinforcing CARD's commitment to meeting the demands of a tech-savvy clientele.

## Funding rounds

- Series C, Feb 16, 2016 — Fenway Summer Ventures
- Series B, Dec 1, 2014, $6.6M — QED Investors, Resolute Ventures, Aslanoba Capital, Pivot Investment Partners, Brookside Equity Partners
- Series A, Dec 5, 2013, $3M — Anthem Venture Partners, Wavemaker Partners, QED Investors, Resolute Ventures, Flight Ventures
- Seed, Apr 25, 2012 — Amplify

## Investors

- Amplify (https://capitalatlas.ai/funds/amplify) — Seed
- Anthem Venture Partners (https://capitalatlas.ai/funds/anthem-venture-partners) — Series A
- Wavemaker Partners (https://capitalatlas.ai/funds/wavemaker-partners) — Series A
- QED Investors (https://capitalatlas.ai/funds/qed-investors) — Series A, Series B
- Resolute Ventures (https://capitalatlas.ai/funds/resolute-ventures) — Series A, Series B
- Flight Ventures (https://capitalatlas.ai/funds/flight-ventures) — Series A
- Aslanoba Capital — Series B
- Pivot Investment Partners (https://capitalatlas.ai/funds/pivot-investment-partners) — Series B
- Brookside Equity Partners — Series B
- Fenway Summer Ventures (https://capitalatlas.ai/funds/fenway-summer-ventures) — Series C