Petal

About Petal

Petal offers responsible credit solutions for the modern world, focusing on helping individuals build credit history with no prior experience necessary. Their mission is to provide accessible credit options through innovative card offerings and app features.

Products & Services

Petal 1:A credit card designed to build credit with no annual membership fee, offering 1%-10% cash back at select merchants and a variable APR of 28.74%-33.74%.

Petal App:An application to manage credit, track credit scores, find cash back offers, and monitor transactions with features like the Leap program for credit limit increases.

Specialties

Credit Building Cash Back Rewards Credit Score Monitoring Mobile Wallet Integration Contactless Payments

Funding History

Debug: View Raw Funding Data

#	Type	Amount Fields	Date Fields	Investors
1	RT: Debt T: - FT: Debt	A: 200000000 MR: - FA: $200 million FAN: 200000000	D: 2023-08-03 FD: 2023-08-03	3 investors
2	RT: Equity T: - FT: Equity	A: 35000000 MR: - FA: $35 million FAN: 35000000	D: 2023-05-10 FD: 2023-05-10	6 investors

Debt Latest

2023-08-03

$200.0M

3 investors (Pro only)

Equity 2023-05-10

$35.0M

View 1 more funding rounds with Pro

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Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

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Mock Up

Team & Leadership

A

Azure F.

T

Tina A.

E

E. Henry

Recent News

Petal Announces New Product Launch

2 days ago

Company unveils innovative solution to transform the industry, expanding market reach and capabilities...

Leadership Team Expands with Industry Veteran

1 week ago

New executive brings 20+ years of experience to accelerate growth and strategic initiatives...

Company Recognized as Industry Leader

2 weeks ago

Receives prestigious award for innovation and customer satisfaction in competitive market...

Key Competitors

C1

Competitor Alpha

Series B · $50M raised

C2

Competitor Beta

Series C · $120M raised

C3

Competitor Gamma

Series A · $25M raised

C4

Competitor Delta

Seed · $10M raised