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Petal nears unicorn status with fresh $140M in capital
source link: https://fintechranking.com/2022/01/06/petal-nears-unicorn-status-with-fresh-140m-in-capital/
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Petal nears unicorn status with fresh $140M in capital
Petal, announced today that it has raised a $140 million Series D round of funding.
The company’s new valuation is $800 million — more than triple what Petal was valued at when it announced a $55 million Series C round in September of 2020, according to a source familiar with the transaction.
Founded in 2016, New York-based Petal offers two Visa credit card products aimed at underserved consumers with little to no credit history.
Read more: TechCrunch
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