Petal Card
Latest round
- Series D
Last raised
- Jan 2022
Total raised
- $243M
Investors
- 30
About Petal Card
Petal Card, Inc.Petal Card, Inc. specializes in offering modern credit solutions.Petal offers a suite of financial products designed to provide responsible credit solutions tailored for modern consumers. The company's core offering is its credit card, which aims to help individuals build and manage their credit history effectively. Unlike traditional credit card offerings, Petal’s product utilizes innovative technology that assesses applicants' financial health through their banking transactions rather than solely relying on credit scores. This approach allows Petal to serve a diverse customer base, including younger consumers and those new to credit, who often face challenges in accessing conventional credit options.Petal generates revenue primarily through interest charges and fees associated with its credit card offerings. The structure of transactions typically involves direct relationships with consumers who use the card for various purchases. Customers may utilize the Petal card at retail locations or online merchants, leading to transaction fees that contribute to the company's revenue stream. Furthermore, Petal's revenue model may include potential partnerships with retailers, enabling promotional offers that encourage the use of their credit product.In April 2024, Empower Finance, Inc. agreed to acquire Petal Card, Inc.
Who invested in Petal Card
30 investors across 8 rounds
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Funding rounds
Series D
Jan 5, 2022
Amount
$140M
Investors
Series C
Mar 26, 2021
Amount
Undisclosed
Investors
Series C
Dec 19, 2019
Amount
$55M
Investors
Series B
Nov 14, 2018
Amount
$30M
Investors
Series A
Dec 15, 2017
Amount
$13M
Investors
Seed
Sep 10, 2017
Amount
$3.6M
Investors
Seed
Apr 1, 2017
Amount
Undisclosed
Investors
Seed
Dec 15, 2016
Amount
$1.6M
Investors
Questions about Petal Card
Who invested in Petal Card?
Petal Card has 30 investors on record across 8 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Petal Card raised?
Petal Card has raised 8 venture rounds. Sign up free to see how much each round raised and the total.
When did Petal Card last raise money?
Petal Card's most recent round on record is a Series D, in Jan 2022.
What does Petal Card do?
Petal Card is a financial services company.
Where is Petal Card headquartered?
Petal Card is headquartered in Atlanta, US.
Which VCs invest in companies like Petal Card?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at Petal Card's stage. Their profiles are linked below.
VCs backing financial services startups at Series D
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