Tagged: petal

Credit Card Tech Firm Petal Receives $200 Million in Debt Capital

Petal, a Fintech in the credit card sector, has received a $200 million debt facility from Victory Park Capital (VPC). At the same time, Petal states that it has agreed to an extension of an existing term loan as well as a new loan of… Read More

Fintech Firm Petal Raises $35M, Spins Off B2B Data Analytics Unit Prism Data

Credit card and financial technology company Petal announced today that it has raised $35 million in new funding and has spun off its B2B-focused data infrastructure and analytics subsidiary, Prism Data. Petal claims that it pioneered “the use of automated cash flow underwriting in consumer… Read More

Credit Card Fintech Petal Raises More Money in $140 Million Series D

Last week, Petal, a credit card startup that issues cards in partnership with WebBank, announced a Series D funding round of $140 million led by Tarsadia Investments. In a blog post, Petal shared that new and existing investors in the round included Valar Ventures, CUNA… Read More

Petal Closes $125 Million Debt Facility From SVB & Trinity Capital

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 introduces New No-Annual-Fee Visa Credit Card “Petal 1”

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 Secures $55 Million Through Series C Funding Round Led By Valar Ventures

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 Completes $300 Million Debt Facility From Jefferies

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

U.S. Fintech Petal Secures $30 Million Through Series B Funding Round Led By Peter Thiel’s Valar Ventures

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

New York Fintech Petal Raises $13 Million Through Series A Funding Round Led By Peter Thiel’s Valar Ventures

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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