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With $35M in funding from major investors, Petal is making credit accessible to everyone

With $35M in funding from major investors, Petal is making credit accessible to everyone

May 14, 2023

Logo of Petal

Introducing Petal, the innovative financial services startup that is revolutionizing the credit industry. With $35M in funding from major investors such as Samsung Next, Valar Ventures LLC, RiverPark Ventures, Core Innovation Capital, and Story Ventures, Petal is making credit accessible to everyone, even those without a credit history. Founded by Jason Rosen, Petal evaluates creditworthiness using a more inclusive lens, the CashScore, which takes into account responsible spending and saving behavior in addition to a credit score.

team working at Petal

By leveraging bank data, Petal extends the best possible offer to eligible applicants, unlocking a world of financial opportunities. With a focus on building credit, Petal reports to major bureaus and offers credit-friendly features, such as the Leap program, which allows members to earn a credit line increase in just six months. With contactless payment technology and the ability to pay from your phone, Petal makes managing your credit easier than ever before. Don't let a lack of credit history hold you back. Join Petal today and take control of your financial future.

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