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Cardless raises $40m to help more brands launch custom credit cards

San Francisco based next gen credit card platform raised $40m in Series B funding led by Activant Capital.

“There are close to 200 brands with traditional cards but they are often old legacy businesses such as Costco and Sam’s...we want to connect folks with brands they love most, and elevate fans’ relationships with those brands," said Michael Spelfogel.

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san francisco, credit cards, virtual cards, bay area