Cardless, Inc., a San Francisco-based financial technology company, secured a three-year $75m credit facility in a new debt deal with i80 Group.
The warehouse facility will enable the company to fund customer receivables, growth, and continue its work with large, globally recognized brands.
Concurrently, Cardless has announced that Brian Kelly, founder of The Points Guy, has invested and will be an advisor to the company. Kelly will join other angel investors and advisors that include founders of Netflix, Seat Geek, Bonobos, Plaid and more.
Founded in 2019 by Stanford graduates Michael Spelfogel and Scott Kazmierowicz, Cardless is a fintech company that provides custom co-branded credit card products issued by First Electronic Bank, Member FDIC. The company has raised over $50M in equity funding from investors including Activant Capital, Greycroft, Accomplice, Pear VC, the ownership of Boston Celtics and Phoenix Suns, and the Founders of Plaid, Bonobos, Flatiron Health, and 100 Thieves.
FinSMEs
16/05/2023