Petal is a consumer credit card company that uses cashflow underwriting and open banking data to provide credit to underserved consumers. The company analyzes bank account transaction data and spending patterns instead of traditional FICO credit scores to determine creditworthiness and set credit limits. Petal offers no-fee Visa credit cards with no annual fees designed for people with little or thin credit history.
Petal has been acquired
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2016
Employees
51–200
Total Funding
$276.6M
6 rounds
Latest Valuation
$0.8B
May 10, 2023
Total raised $276.6M across 6 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
Series D
Date
January 2022
Amount
$140M
Valuation
$0.8B
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| May 10, 2023 | Series D Extension | $35M | — | Not disclosed |
| January 2022 | Series D | $140M | $0.8B | Tarsadia Investments |
| 2020 | Series C | $55M | — | Valar Ventures |
Jason Rosen
Co-Founder & Former CEO
Andrew Endicott
Co-Founder
David Ehrich
Co-Founder
Jack Arenas
Co-Founder
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Chime
Mobile banking and financial services platform offering checking accounts and debit cards
Deserve
Mobile-first fintech credit card platform with instant card issuance capabilities; acquired by Intuit in 2025
Milestone Mastercard
Unsecured credit card for people with little credit history or credit negatives; annual fee product
Discover
Traditional credit card issuer and financial services company
Arro
Credit card platform focused on emerging markets and underserved consumers
Qapital
Fintech platform offering savings and investment tools
Access live market data
Sign UpData collected with AI, which can make mistakes. Please double-check this information.