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Petal Stock
Credit Card and Personal Finance Company
About Petal Stock
Petal is a credit card and personal finance company. Petal claims to use machine learning to analyze a customer’s digital financial record, rather than solely relying on a credit score. Petal additionally claims to use cash flow underwriting as an alternative to credit scores, and Petal Cards are designed with the intent of helping customers build credit. Petal's companion App aims to offer a simple, modern digital experience to help members to build credit, avoid debt, and spend responsibly.
Investors
Abstract Ventures
Ripple, Hippo Insurance, Solana, Petal, Brave, CloudTrucks, Snackpass, Osaro, ChartHop, WorkOS
Anchor Capital
Brooklyn Bridge Ventures
Cascade Ventures
Evolution VC Partners (formerly Evolution Corporate Advisors)
JUUL, Relativity Space, Rubrik, Ethos, Tala, Petal, Instabase, DailyPay, Hyperscience, Trifacta
Gaingels
Forte, Collective Health, Bowery Farming, Palmetto Clean Technology, Cerebral, Cart.com, Guideline, Fetch Rewards, Blockstream, Jeeves
Great Oaks Venture Capital
Bolt Financial, Workrise, Collective Health, Acorns, Course Hero, SingleStore, Virta Health, Human Interest, Petal, Plastiq
Incite Ventures
Jefferies
Mindrock Capital
New Ground Ventures
Rosecliff Ventures
Sand Hill Angels
JUUL, Relativity Space, Carbon Health, Collective Health, ICON, Guideline, Petal, Madison Reed, Commonwealth Fusion, Axiom Space
Silicon Badia
Silicon Valley Bank
One97, Olive, FireEye, Weee!, Workrise, Fair, Plume Design, project44, BetterUp, Welltok
Story Ventures
Tarsadia Investments
The Gramercy Fund
The Social Entrepreneurs Fund (TSEF)
Third Prime
Trinity Capital
Valar Ventures
Funding History
| December 2016 | $3.3M |
|---|---|
| December 2017 | $13.7M |
| November 2018 | $251K |
| November 2018 | $2.8M |
| November 2018 | $27.2M |
| December 2019 | $10.1M |
| December 2019 | $10.1M |
| December 2019 | $43.0M |
| February 2021 | $15.3M |
| November 2021 | $40.0M |
| November 2021 | $100.0M |
Management
Chief Executive Officer
Jason Gross
Chief Financial Officer
Andrew Endicott
Press
americanbanker - Jan, 6 2022
coverager - Jan, 6 2022
ow - Jan, 6 2022
finsmes - Jan, 5 2022
bloomberg - Jan, 5 2022
pymnts - Nov, 8 2021
dlvr - Apr, 27 2021
time - Mar, 26 2021
news - Feb, 24 2021
dlvr - Oct, 8 2020
finextra - Oct, 7 2020
fintechf - Oct, 7 2020
coverager - Sep, 24 2020
TechCrunch - Sep, 24 2020
dlvr - Sep, 24 2020
American Banker - Feb, 4 2020
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