Cardless secures $30m to enhance co-branded credit card offerings

Cardless, an embedded credit card platform, has successfully raised $30m in growth equity funding.

According to Finextra, this funding marks a significant milestone, underpinned by a tenfold increase in revenue since the beginning of 2023. Cardless specializes in creating co-branded credit cards for major brands, seamlessly integrated across the three largest card networks: Visa, Mastercard, and American Express.

The recent financial infusion was spearheaded by Activant Capital, with contributions from both new and existing investors, including Mischief (the fund co-founded by Plaid’s Zach Perret), Industry Ventures, Thayer Ventures, Assurant, and American Express. This latest round brings the total equity funding for Cardless to over $90m.