Petal news and trends

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

Credit card company Petal is reportedly seeking a buyer amid doubts about its viability. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...

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

Petal is preparing to expand its credit card program after securing a $200 million debt facility. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

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

Petal has raised new funding and spun off its Prism Data unit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...

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

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 by Tarsadia Investments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Interviews & Exclusives
Using Behavioral Analytics For Secure Onboarding Without Booting Good Customers

November 05, 2021
Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if […]

Petal CEO: Using Cashflow — Not FICO — To Issue Credit Cards

April 04, 2018
For the 47 percent of Americans with prime credit scores, getting and using a credit card isn’t much of a problem. Get the Full Story Complete the form to unlock...

Quick Reads
Empower Signs Deal to Acquire Petal, Completes Purchase of Cashalo

April 09, 2024
Empower Finance plans to acquire Petal and has completed its acquisition of Cashalo. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and to […]

Card Issuer Petal Seeks Buyer Amid Struggle for Capital

November 19, 2023
Credit card company Petal is reportedly seeking a buyer amid doubts about its viability. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Petal Secures $200 Million to Expand Credit Card Program

August 03, 2023
Petal is preparing to expand its credit card program after securing a $200 million debt facility. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Petal Raises New Funding and Spins Off Prism Data Unit

May 10, 2023
Petal has raised new funding and spun off its Prism Data unit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...