Petal Stock
Credit Card and Personal Finance Company
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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
Acorns, Bolt Financial, Workrise, Collective Health, Course Hero, SingleStore, Virta Health, Human Interest, Maven Clinic, Petal
Incite Ventures
Jefferies
Mindrock Capital
New Ground Ventures
Rosecliff Ventures
Sand Hill Angels
JUUL, Relativity Space, Collective Health, Carbon 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
Card startup Petal embroiled in suit alleging theft of business ideacoverager - Jan, 6 2022
Petal raises $140 millionow - Jan, 6 2022
Petal Raises $140M to Help Underserved Consumers Build Creditfinsmes - Jan, 5 2022
Petal Raises $140M in Series D Fundingbloomberg - Jan, 5 2022
Credit Card Startup Petal Reaches an $800 Million Valuationpymnts - Nov, 8 2021
Petal on Reducing Fraud and Mitigating Onboarding Friction Through Behavioral Analyticsdlvr - Apr, 27 2021
Petal Launches Prism Data To Offer Its Credit Technology To Other Firmstime - Mar, 26 2021
Petal 2 Visa Credit Card Reviewnews - Feb, 24 2021
Petal Takes In $126.6M Debt Facility To Provide Access To Creditdlvr - Oct, 8 2020
Petal introduces New No-Annual-Fee Visa Credit Card “Petal 1”finextra - Oct, 7 2020
Petal launches credit card for people with poor creditfintechf - Oct, 7 2020
Petal raises $55 million in Series C funding, led by Valar Venturescoverager - Sep, 24 2020
Petal raises $55 million in series CTechCrunch - Sep, 24 2020
Valar triples down on Petal, leading $55M Series C round into the credit card disruptordlvr - Sep, 24 2020
Credit Industry Disruptor Petal Hits $100M Investment MarkAmerican Banker - Feb, 4 2020
Online lender Petal hires Kabbage’s chief risk officerEquityZen does not have an affiliation with, formal relationship with, or endorsement from any companies featured above. This profile is based on publicly available information and is intended to be informative in nature.
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