Deserve provides a Credit Card as a Service (CCaaS) platform and consumer credit cards. For businesses, it offers a turnkey, API-driven platform to launch customizable, co-branded card programs quickly. For individuals, especially college students, it issues cards that help build credit, with fast digital wallet integration and access after approval. Revenue comes from consumer card interest, fees, and interchange, plus platform fees and revenue sharing from CCaaS; the goal is to make credit access and program deployment faster and easier by combining fintech software, payments, and credit-building products in a scalable solution.
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Industries
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$445.4M
Headquarters
Palo Alto, CA
Founded
2013
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Total Funding
$445.4M
Above
Industry Average
Funded Over
10 Rounds
The acquisition spree: In April, Intuit announced plans to acquire Deserve, a mobile-first credit card platform, and also signed an agreement to acquire HR platform GoCo.
Intuit is set to acquire mobile-first credit card platform Deserve, as announced on April 14. The acquisition includes key technology and team members from Deserve, aligning with Intuit's strategy to enhance its money management offerings. This move aims to address critical business challenges like cash flow management and real-time financial visibility, with over 80% of business failures linked to cash flow issues.
Intuit has signed an agreement to acquire key technology and welcome talented team members from Deserve, a mobile-first fintech company. This directly supports Intuit’s connected business platform strategy to help customers run and grow their business all in one place. This agreement aligns to our strategy to further invest in and expand our money offerings
Launch of new service will help clients report business tradelines to the major credit bureaus to enhance business profiles and mitigate risk for lenders . .
Deserve, a mobile-first credit card issuing platform, launched new digital processing capabilities that aim to help banks and credit unions transform digital payment experiences. The capabilities, built using Mastercard technologies, provide direct connectivity to the Mastercard network for mobile apps or software development kits, Deserve said in a Tuesday (Oct. 24) press release. They are intended to deliver modern digital card issuance experiences to banks, FinTechs and cardholders. “This is the latest in a series of collaborations that we have had with Mastercard in advancing digital issuing,” Deserve CEO Kalpesh Kapadia said in the release. “These new platform features will enable regional banks and credit unions to use digital processing capabilities to enhance credit card offerings for their customers and members.”
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Industries
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$445.4M
Headquarters
Palo Alto, CA
Founded
2013
Find jobs on Simplify and start your career today
We update Deserve's jobs every few hours, so check again soon!Browse all jobs