Tech Company Financing Transactions
Petal Funding Round
Trinity Capital Investment and Victory Park Capital participated in a $240 million venture round for Petal. The funding round was recorded on 8/3/2023.
Transaction Overview
Company Name
Announced On
8/3/2023
Transaction Type
Debt
Venture Equity
Venture Equity
Amount
$240,000,000
Round
Undisclosed
Proceeds Purpose
These new sources of capital provide Petal with substantial fuel to expand the Petal credit card program, which provides access to high-quality Visa® credit cards (issued by WebBank) to consumers who are new-to-credit, without requiring established credit scores to qualify. To date, nearly 400,000 consumers have been approved for Petal credit cards, including more than 100,000 new cards approved in 2022.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
P.O. Box 980515
Sacramento, CA 95798
USA
Sacramento, CA 95798
USA
Phone
Website
Email Address
Overview
Petal uses the latest methods in machine learning and product design to create innovative consumer financial products.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jason Gross
Founder
Andrew Endicott
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Where The Data Comes From
We do our best to report on every notable VC transaction. All VC database entries reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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