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Industries
Fintech
Company Size
11-50
Company Stage
Growth Equity (Venture Capital)
Total Funding
$155M
Headquarters
San Francisco, California
Founded
2019
Cardless provides a platform for brands to quickly launch co-branded digital credit cards. This service allows businesses to implement credit card programs in just a few weeks, compared to the months typically required by traditional methods. Cardless focuses on enhancing customer loyalty and engagement by offering personalized credit card options to a variety of clients, including retail and service providers. The platform simplifies the credit card application process with optimized forms and offers developer support for customization. Cardless operates on a business model that includes setup fees, transaction fees, and potential revenue from interest on issued cards. The goal of Cardless is to transform the credit card landscape by making it easier for brands to attract customers and create new revenue opportunities.
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Total Funding
$155M
Above
Industry Average
Funded Over
5 Rounds
Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
Unlimited Paid Time Off
Parental Leave
Commuter Benefits
Home Office Stipend
Company Equity
Ascenda, the industry leader in loyalty as a service, today announced a strategic partnership with Cardless, a digital-first credit card platform, aimed at transforming the co-branded credit card and loyalty landscape for U.S. merchants.Through this partnership, Ascenda and Cardless will offer partners an integrated solution that leverages the power of both brands to create differentiated co-brand card products, while seamlessly introducing or enhancing loyalty engagement propositions.Ascenda operates the leading global engagement ecosystem, connecting merchants and financial institutions to drive customer acquisition, engagement, and retention. By integrating Cardless’ digital-first issuing platform, Ascenda is providing its partners with unparalleled ease in launching card programs, creating a strong top-of-wallet effect, and leveraging deep, data-driven customer insights to enhance engagement.Josh Berwitz, Chief Commercial Officer at Ascenda, commented, “We are thrilled to partner with Cardless to transform how merchants issue credit cards and engage with their customers. Many brands are seeking easier, more digitally engaging ways to create an embedded card program and enhance their customer value proposition. Our partnership sets a new standard in the market for consumer engagement propositions by combining the best rewards content with a seamless loyalty experience.”Michael Spelfogel, Co-Founder & President of Cardless, added, “Our partnership with Ascenda unlocks a step-change in co-brand ROI for merchants by simplifying and accelerating the launch of differentiated card programs, while also introducing powerful loyalty opportunities for merchants to engage their entire customer base. Together, we are redefining what’s possible in customer engagement and co-brand programs, enabling the rollout of world-class propositions that drive both immediate and long-term value.”The new capabilities offered by the Ascenda-Cardless partnership are available to merchants effective immediately, providing a comprehensive solution to integrate co-brand card issuance with broader loyalty initiatives, thereby enhancing customer lifetime value and driving superior business outcomes
Ascenda partners with Cardless to transform co-brand landscape and enable new loyalty opportunities.
Cardless has successfully raised $30 million in its latest funding round, backed by prominent investors including Activant Capital, Mischief, Industry Ventures, Thayer Ventures, Assurant, and Amex Ventures.
Cardless also secured a $75 million three-year warehouse credit facility from i80 Group last year.
Cardless, a leading fintech innovator known for transformative co-branded credit card solutions, announced a $30 million growth investment round led by Activant Capital, with participation from new and existing investors including Mischief (the fund co-founded by Plaid's Zach Perret), Industry Ventures, Thayer Ventures, Assurant and American Express.
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Industries
Fintech
Company Size
11-50
Company Stage
Growth Equity (Venture Capital)
Total Funding
$155M
Headquarters
San Francisco, California
Founded
2019
Find jobs on Simplify and start your career today