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Petal

Petal
2015 FOUNDED
PRIVATE STATUS
61-70 EMPLOYEES
Debt LATEST DEAL TYPE
$300M LATEST DEAL AMOUNT
25 INVESTORS
Description

Provider of a no-fee credit card intended to make safe and affordable credit accessible to everyone. The company's card uses a technology called cashflow underwriting that analyzes, in real-time, an individual's digital financial record and measures objective components of each individual's creditworthiness, not just their credit score, enabling consumers to build credit, track spending and manage money better, all with no credit score required.

Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Financial Software
Other Industries
Other Financial Services
Primary Office
  • PO Box 130068
  • New York, NY 10013
  • United States

+1 (855) 000-0000
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Petal Valuation and Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
9. Debt - General 18-Sep-2019 $300M 00000 Completed Generating Revenue/Not Profitable
8. Early Stage VC (Series B) 29-Jan-2019 0000 000.00 00000 Completed Generating Revenue/Not Profitable
7. Debt - General 02-Oct-2018 0000 000.00 Completed Generating Revenue/Not Profitable
6. Early Stage VC (Series A) 10-Jan-2018 0000 000.00 0000 Completed Product In Beta Test
5. Debt - General 01-Jan-2018 0000 000.00 Completed Startup
4. Secondary Transaction - Private 00.00 Completed Startup
3. Seed Round 08-Sep-2017 00.00 00.00 00.00 Completed Startup
2. Accelerator/Incubator Completed Startup
1. Grant $60K Completed Startup
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Petal Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion
Price
% Owned
Series B2 000,000 00.000000 00.00 00.00 00 00.00 0.000
Series B1 0,000,000 00.000000 00.00 00.00 00 00.00 0.000
Series B 00,000,000 00.000000 00.00 00.00 00 00.00 00.000
Series A 10,892,241 $0.000100 $1.26 $1.26 1x $1.26 22.45%
Seed 6,874,999 $0.000100 $0.48 $0.48 1x $0.48 14.17%
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Petal Competitors (60)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Credit Sesame Venture Capital-Backed Mountain View, CA 00 000.00 0000000000 0 000.00
00000000000 Venture Capital-Backed 000 00000 000000000000 00000
00000000 000000 Venture Capital-Backed Singapore, Singapore 00 0000 000000 0
0000000 Venture Capital-Backed Menlo Park, CA 00 00000 00000000000 00000
000000 Venture Capital-Backed Sao Paulo, Brazil 0000 00000 00000000000 00000
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Petal Investors (25)

Investor Name Investor Type Holding Investor Since Participating Rounds Board
Seat
Contact
Info
Greyhound Capital Growth/Expansion Minority 000 0000 000000 0
Proton Enterprises Venture Capital Minority 000 0000 000000 0
5xmais Venture Capital Minority 000 0000 000000 0
Bossa Nova Investimentos Venture Capital Minority 000 0000 000000 0
CSC UpShot Ventures Venture Capital Minority 000 0000 000000 0
You’re viewing 5 of 25 investors. Get the full list »

Petal Executive Team (7)

Name Title Board
Seat
Contact
Info
Jason Gross Co-Founder, Chief Executive Officer & Board Member
Andrew Endicott JD Co-Founder, Chief Financial Officer & Board Member
Jack Arenas Co-Founder & Chief Technology Officer
Parris Sanz JD General Counsel & Chief Compliance Officer
Sue Choe Chief People Officer

1 Former Executive

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Petal Board Members (5)

Name Representing Role Since Contact
Info
Andrew Endicott JD Petal Co-Founder, Chief Financial Officer & Board Member 000 0000
Andrew McCormack Valar Ventures Board Member 000 0000
Charles O'Donnell Petal Board Member 000 0000
Jason Gross Petal Co-Founder, Chief Executive Officer & Board Member 000 0000
Wesley Barton JD Third Prime Capital Management Board Observer 000 0000