Credit card startup “Petal” raises USD $34M

Credit card startup “Petal” raises USD $34M

New York-based Petal, a startup that provides credit cards to people with minimal credit histories, raised $34 million in a Series B funding round led by Jefferies and Silicon Valley Bank.

This is Petal’s third funding round. Most recently, the company raised $13 million in January 2018. Previous investors in the company include Valar Ventures, Great Oaks Venture Capital, RiverPark Ventures and others. The round brings Petal’s total known funding to about $50 million, according to the company.

Credit card startup “Petal” raises USD $34M < Business News



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