Petal

12 results about this entity

Period: 02 Oct 2018 - 09 Apr 2024

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Credit fintech Petal agrees sale to Empower

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Credit fintech Petal agrees sale to Empower

Empower Finance has agreed to buy US credit fintech Petal and closed the acquisition of Philippines-based Cashalo.

Credit fintech Petal seeks buyer - report

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Credit fintech Petal seeks buyer - report

US credit fintech Petal has put itself up for sale amid Walls Street concerns about its ability to survive, according to Fortune.

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Petal scores $200 debt facility

Credit card and financial technology company Petal announced today that it has closed a committed $200 million debt facility from Victory Park Capital (“VPC”), a global alternative investment firm specializing in private credit.

Petal raises $35m; spins off B2B unit

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Petal raises $35m; spins off B2B unit

Petal, a US credit card startup that is ditching traditional credit scores in an effort to sign up young people and the underbanked, has raised $35 million in funding and spun off is B2B-focused subsidiary Prism Data.

Credit card for the underbanked Petal raises $140 million Series D

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Credit card for the underbanked Petal raises $140 million Series D

Petal, a US credit card startup that is ditching traditional credit scores in an effort to sign up young people and the underbanked, has raised a $140 million Series D round of funding.

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Petal names Ali Heron head, engineering; adds Susan Ehrlich to board

The shift to mobile-first, data-driven financial services has arrived, and there is no turning back. Over the past year, there has been a massive acceleration in the adoption of consumer fintech.

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Petal gets $125m debt facility

Petal, a new kind of credit card company created to help people build credit and spend responsibly, today announced that it has closed a new committed debt facility –totaling more than $125 million– that will enable the company to expand and support the fast-growing Petal credit card program.

Petal launches credit card for people with poor credit

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Petal launches credit card for people with poor credit

US fintech startup Petal has unveiled a credit card designed for people with non-prime credit scores in the wake of the Covid-19 crisis.

Petal raises $55m for credit card targeting underbanked

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Petal raises $55m for credit card targeting underbanked

Petal, a US credit card startup that is ditching traditional credit scores in an effort to sign up young people and the underbanked, has closed a $55 million Series C funding round led by Valar Ventures.

Petal scores $300m debt deal

Petal, a new kind of credit card company built to help people financially succeed, today announced that it has closed an uncommitted facility to borrow up to $300 million in debt capital from global investment bank Jefferies.

Petal raises $30m for credit card aimed at unbanked

Petal raises $30m for credit card aimed at unbanked

Petal, a US credit card startup that is ditching traditional credit scores in an effort to sign up young people and the underbanked, has closed a $30 million Series B funding round led by Peter Thiel's Valar Ventures.

Petal raises $34m for no-fee credit card

Petal, a new kind of credit card company built to help people financially succeed, announced today it has raised $34M in new financing from Jefferies, the global investment Bank, and Silicon Valley Bank.

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