New York based credit card issuer has raised a $30m Series B led by insider Valar Ventures, with participation of Greyhound Ventures.
Petal’s CEO Gross told me that one of the big goals for this new round of capital was to expand the product to more customers while also offering more features. “The card is really simple, but there is a lot more we want to do over time … and this funding allows us to reach that next level of what we can offer to consumers,” he said. Gross also noted that while there are adjacent opportunities to help consumers around their financial lives, Petal is heads down focused on the credit card market.
https://techcrunch.com/2019/01/29/petal-series-b/?yptr=yahoo