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Petal
About
Petal is a financial technology company on a mission to expand access to opportunity with responsible and modern financial services .
- 101 - 250
Details
- Last Funding Type
- Series D
- Last Funding Money Raised
- $140M
- Industries
- Credit Cards,Financial Services,FinTech,Machine Learning
- Founded date
- Jan 1, 2016
- Number Of Employee
- 101 - 250
- Operating Status
- Active
Petal is a new kind of credit card company that is built to help people financially succeed. It aims to make credit honest, simple, and accessible. The company uses machine learning to analyze a customer’s full digital financial record—not just their credit score.Petal has pioneered cash flow underwriting, as an alternative to credit scores, to make credit more accessible, and offers a simple, modern digital experience that encourages members to build credit, avoid debt, and spend responsibly. Petal is based in New York, New York, and Richmond, Virginia. The Petal credit card is issued by WebBank, Member FDIC.
Funding Rounds
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Jan 5, 2022 | Series D | $140M | 1 | — | — | Detail |
| Feb 24, 2021 | Debt Financing | $126.60M | 1 |
Trinity Capital
|
— | Detail |
Investors
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
Trinity Capital
|
Yes | Debt Financing |
Gaingels
|
— | Series D |
