# Power Finance

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/power-finance

- Industry: Business Support Services
- Headquarters: New York, US
- Website: www.usepower.com
- Total disclosed funding: $16M
- Latest round: Seed (Sep 14, 2022)
- Investors on record: 6

## About

Based in New York, US, and founded by Randy Fernando (CEO), and Andrew Dust, Power Finance Inc. is a fintech infrastructure startup that provides a cloud-native service that enables banks, businesses, and brands to integrate existing mobile and online applications with tailored credit card programs, targeted promotions, and personalized rewards. In January 2023, Marqeta agreed to acquire Power Finance Inc. The transaction is expected to close in the first quarter of 2023.

The company provides white-labeled, customized mobile SDKs (Software Development Kits) to assist businesses in launching consumer cards, business cards, and bank programs. From testing through card launch, the company offers a comprehensive platform that considers elements like customer experience, application decisions, transaction processing, setting up KYC, and underwriting decision flows, among other things.

## Funding rounds

- Seed, Sep 14, 2022, $16M — CRV, Anthemis, Plug and Play, Fin Capital, Restive Ventures, Dash Fund

## Investors

- CRV (https://capitalatlas.ai/funds/crv) — Seed
- Anthemis (https://capitalatlas.ai/funds/anthemis) — Seed
- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Seed
- Fin Capital (https://capitalatlas.ai/funds/fin-capital) — Seed
- Restive Ventures (https://capitalatlas.ai/funds/restive-ventures) — Seed
- Dash Fund (https://capitalatlas.ai/funds/dash-fund) — Seed