Credit card company Petal is reportedly seeking a buyer amid doubts about its viability. The company, which provides cards for consumers who are new to credit, is exploring a number of options following several months of struggle, Fortune Magazine reported Sunday (Nov. 19), citing five sources from the...
Petal is preparing to expand its credit card program after securing a $200 million debt facility. The FinTech announced the funding — from investment firm Victory Park Capital — in a news release Thursday (Aug. 3), saying it would help its goal of issuing cards to consumers...
Petal has raised new funding and spun off its Prism Data unit. The spinoff results in two independent FinTech companies that leverage open banking data to expand access to financial services for consumers without accurate credit scores, Petal said in a Wednesday (May 10) press...
Credit card company Petal, which was created to help people build credit and spend frugally, has raised $140 million in a Series D round led by Tarsadia Investments. Jason Gross, co-founder and CEO, announced the news in a Medium post Wednesday (Jan. 5), adding that...
November 05, 2021
Businesses worldwide enhanced their digital platforms to meet the needs of health-conscious consumers during the pandemic. As a result, the number of online profiles increased, and many consumers plan to keep conducting transactions digitally in some capacity. With the massive digital expansion, however, fraud attacks such as phishing, ransomware and malware increased from 5,000 attacks […]
April 04, 2018
For the 47 percent of Americans with prime credit scores, getting and using a credit card isn’t much of a problem. The problem, Petal co-founder and CEO Jason Gross told Karen Webster, is that...
April 09, 2024
Empower Finance plans to acquire Petal and has completed its acquisition of Cashalo. These acquisitions will expand Empower’s credit offerings to new markets in the United States and Southeast Asia, the company said in a Tuesday (April 9) press release. Empower provides alternative credit underwriting and financial products for underserved consumers in the U.S. and Mexico, according to the release. […]
November 19, 2023
Credit card company Petal is reportedly seeking a buyer amid doubts about its viability. The company, which provides cards for consumers who are new to credit, is exploring a number of options...
August 03, 2023
Petal is preparing to expand its credit card program after securing a $200 million debt facility. The FinTech announced the funding — from investment firm Victory Park Capital — in a news...
May 10, 2023
Petal has raised new funding and spun off its Prism Data unit. The spinoff results in two independent FinTech companies that leverage open banking data to expand access to financial...
