Petal, a credit card startup pioneering “Cashflow Underwriting” as an alternative to traditional credit scoring, announced on Wednesday it has closed a new committed debt facility, totaling more than $125 million. According to Petal, the new facility includes $100 million from Silicon Valley Bank (SVB), the bank… Read More
Petal, a credit card startup pioneering “Cashflow Underwriting” as an alternative to traditional credit scoring, announced on Thursday the launch of its new no-annual-fee Visa credit card, Petal 1. The new card is paired with a mobile app that will “deliver” various features, tools, and… Read More
Petal, a credit card startup pioneering “Cashflow Underwriting” as an alternative to traditional credit scoring, announced on Thursday it secured $55 million through its Series C funding round, which was led by Valar Ventures with participation from Rosecliff Ventures, Afore Capital, RiverPark Ventures, Great Oaks… Read More
Petal, a credit card startup pioneering “Cashflow Underwriting” as an alternative to traditional credit scoring, announced on Wednesday it has completed a $300 million debt facility with Jefferies. Petal reported that it entered into a similar facility to borrow up to $30 million in debt… Read More
Petal, a credit card startup pioneering “Cashflow Underwriting” as an alternative to traditional credit scoring, secured $30 million through its Series B funding round, which was reportedly led by Peter Thiel’s Valar Ventures. This news comes just one year after Valar Venture led Petal’s $13 million… Read More
Petal, a credit card startup pioneering “Cashflow Underwriting” as an alternative to traditional credit scoring, announced on Wednesday it raised $13 million through Series A financing round, which was led by Peter Thiel’s Valar Ventures. Founded in 2016, the fintech company is looking to build a… Read More
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