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
Trinity Capital
Jefferies
Sand Hill Angels
Relativity Space, Commonwealth Fusion, Carbon Health, Collective Health, JUUL, ICON, Guideline, Petal, Madison Reed, Axiom Space
Silicon Badia
Tarsadia Investments
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
finovate - Apr, 13 2024
Empower Picks Up Petal to Expand into Credit Cardspymnts - Apr, 12 2024
Empower Signs Deal to Acquire Petal, Completes Purchase of Cashalocoverager - Apr, 12 2024
Empower to acquire Petalbizjournals - Apr, 10 2024
Richmond fintech Petal to be acquiredfintechfutures - Nov, 21 2023
US credit card fintech Petal reportedly eyeing potential sale