Funding

CARD.com raises $9M

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What does CARD.com do?

CARD.com is a leading online financial services provider. It creates fashionable and simple payments solutions for its members. It is a fashion for your finances. The company creates fun, fair, simple and fashionable payment solutions for its members. The company’s MasterCards and Visa Cards feature the world’s best brands and Causes and user generated art. Till not banking has been optimized for people with lots of money to deposit, very rich people. The company has worked for creating a product which eliminates the stress associated with traditional banking and caters to the needs of today’s consumer.

How much CARD.com was funded?

CARD.com raised $9M in Series C funding on November 18, 2015 from Growth Capital Strategy and Fenway Summer Ventures.

Previous funding

  • Undisclosed amount on April 25, 2012 from LA
  • $3M in Series A on December 5, 2013 from vc, Anthem Venture Partners, QED Investors and Wavemaker Partners
  • Undisclosed amount in Series B on December 1, 2014 from Aslanoba Capital

What is next for CARD.com?

CARD.com has raised a total of $450M in funding to date and with the latest funding the company plans to expand its customer base through inventive mobile technology, driving the future of branchless banking. Aligning with Columbia Pacific Advisors the company is planning to pursue aggressive growth in its customer base and for expanding the key areas of its infrastructure. By partnering with another investor Fenway Summer Ventures which is a leader in regulatory financial technology, further solidifies its commitment to continued leadership in fair financial solutions. The company is building an equivalent of Netflix but for banking, and its competitors are branch banks like Chase or Citi.

More about CARD.com

CARD.com was founded in 2012 by Ben Katz and Ron Lin. It has its headquarters in Santa Monica, CA. It provides an easy and customizable alternative to traditional banking where all one requires is mobile phone and a debit card for maintaining an account.

 

 

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