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Petal’s Latest Round Brings Equity Funding Up to $100M

Credit Card fintech Petal pulled in another $55 million in its latest funding round to nearly double its equity funding to $100 million. So reports Pulse 2.0.

money 2082383 640smallThe funding comes in an effort to “double down” on its core mission of helping people access “honest, simple, and responsible credit,” according to the article. Petal’s Series C round was led by Valar Ventures with participation from a number other investors, including NFL player Kelvin Beachum, Jr.

“Rather than relying solely on credit scores, Petal has built proprietary technology that also analyzes banking history—measuring creditworthiness based on income, spending, and savings,” according to the article.

Read the full article from Pulse 2.0.

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