- B2C
- Scale StageRapidly increasing operations
- Valuation $500M+This company has a valuation of $500M or more
- 4.8Highly ratedPetal is highly rated on Glassdoor, with 4.8 out of 5 stars
- 4.4Work / Life BalanceEmployees rate Petal 4.4/5 on Glassdoor for work / life balance
- 4.8Strong LeadershipEmployees rate Petal 4.8/5 on Glassdoor for faith in leadership
- Website
- Locations
- Company size
- 51-200 people
- Total raised
- $380.6M
- Company type
- Startup
- Markets
Petal careers
Petal is a simple, no-fee credit card that doesn't require a credit score.
A credit card without any fees, that you can apply for without a credit history, that never tries to trick you, and gives millions of Americans access to credit who have previously been overlooked.
That's the kind of credit card company we want to be – one that helps you build credit.
Petal uses the latest methods in machine learning to analyze a consumer's full digital financial record, rather than just their credit score, which allows us to provide more credit, lower interest rates, and no fees whatsoever, even to consumers who have never used credit in the past. The Petal digital product incorporates behavioral science and smart, intuitive design to bring transparency and simplicity to the experience of owning and using a credit card.
A credit card without any fees, that you can apply for without a credit history, that never tries to trick you, and gives millions of Americans access to credit who have previously been overlooked.
That's the kind of credit card company we want to be – one that helps you build credit.
Petal uses the latest methods in machine learning to analyze a consumer's full digital financial record, rather than just their credit score, which allows us to provide more credit, lower interest rates, and no fees whatsoever, even to consumers who have never used credit in the past. The Petal digital product incorporates behavioral science and smart, intuitive design to bring transparency and simplicity to the experience of owning and using a credit card.
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David Ehrich
McKinsey, American Express Prepaid, JPMC Head of Credit Card Strategy, Bank On (bank accounts for the unbanked with no overdraft fees)
Co-Founder & CTO @Modern Life. Co-Founder @Petal. Former software engineer @TripleLift, @Goldman Sachs, and @Amazon. CS & Econ @UC Berkeley
Andrew Endicott
Co-founder at Petal. Former M&A banker at Lazard, corporate at Willkie Farr.
Co-Founder/CEO @Petal • Former attorney @Arbor @Gunderson Dettmer @Sullivan&Cromwell • JD @Harvard Law School
Valuation
$800M
Funded over
6 rounds
Latest round
Series D (Dec 2021)
Healthcare benefit
Generous vacation benefit
Company meals benefit
Pet friendly benefit
Company events benefit
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