Cardless Raises $30 Million in Latest Funding Round, Backed By Leading Fintech VCs

Barchart · 11/26 07:00

Cardless Reports 5x Increase in Annual Revenue Over 12 Months

SAN FRANCISCO, Nov. 26, 2024 /PRNewswire/ -- Cardless, a leading fintech innovator known for transformative co-branded credit card solutions, announced a $30 million growth investment round led by Activant Capital, with participation from new and existing investors including Mischief (the fund co-founded by Plaid's Zach Perret), Industry Ventures, Thayer Ventures, Assurant and Amex Ventures. This brings Cardless' total equity funding to date to over $90 million. Despite industry challenges like rising interest rates and inflation, Cardless has seen more than 10x revenue growth since the start of 2023.

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