Petal

Empower Signs Deal to Acquire Petal, Completes Purchase of Cashalo
Empower Signs Deal to Acquire Petal, Completes Purchase of Cashalo
April 09, 2024  |  Acquisitions

Empower Finance plans to acquire Petal and has completed its acquisition of Cashalo. These acquisitions will expand Empower’s credit offerings to new markets in the United States and Southeast...

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Card Issuer Petal Seeks Buyer Amid Struggle for Capital
Card Issuer Petal Seeks Buyer Amid Struggle for Capital
November 19, 2023  |  Credit Cards

Credit card company Petal is reportedly seeking a buyer amid doubts about its viability. The company, which provides cards for consumers who are new to credit, is...

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Petal Secures $200 Million to Expand Credit Card Program
Petal Secures $200 Million to Expand Credit Card Program
August 03, 2023  |  Financial Inclusion

Petal is preparing to expand its credit card program after securing a $200 million debt facility. The FinTech announced the funding — from investment firm Victory Park...

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Petal Raises New Funding and Spins Off Prism Data Unit
Petal Raises New Funding and Spins Off Prism Data Unit
May 10, 2023  |  Fintech Investments

Petal has raised new funding and spun off its Prism Data unit. The spinoff results in two independent FinTech companies that leverage open banking data...

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Petal Raises $140M Series D Toward Credit Building for the Underserved
Petal Raises $140M Series D Toward Credit Building for the Underserved
January 05, 2022  |  Investments

Credit card company Petal, which was created to help people build credit and spend frugally, has raised $140 million in a Series D round led...

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Petal on Reducing Fraud and Mitigating Onboarding Friction Through Behavioral Analytics
Petal on Reducing Fraud and Mitigating Onboarding Friction Through Behavioral Analytics
November 08, 2021  |  Fraud Prevention

Fighting fraud starts with securely onboarding new customers, but overly-stringent measures often yield false positives and lower conversion rates, and they create other bad outcomes....

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Using Behavioral Analytics For Secure Onboarding Without Booting Good Customers
Using Behavioral Analytics For Secure Onboarding Without Booting Good Customers
November 05, 2021  |  Authentication

Businesses worldwide enhanced their digital platforms to meet the needs of health-conscious consumers during the pandemic. As a result, the number of online profiles increased,...

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Petal Launches Prism Data To Offer Its Credit Technology To Other Firms
Petal Launches Prism Data To Offer Its Credit Technology To Other Firms
April 27, 2021  |  Credit Cards

Financial Technology (FinTech) company Petal — a startup that aims to shake up the world of credit cards — has launched a new company called...

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Today In Digital-First Banking: NY-Based FinTech Petal Notches $55M; BNY Mellon, GTreasury Collaborate For Cash Management
Today In Digital-First Banking: NY-Based FinTech Petal Notches $55M; BNY Mellon, GTreasury Collaborate For Cash...
September 25, 2020  |  Digital-First Banking

In today’s top news in digital-first banking, New York-based FinTech Petal has landed an additional $55 million, while BNY Mellon announced a collaboration with GTreasury...

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