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<\/a>![](\"https:\/\/mms.businesswire.com\/media\/20250922076214\/en\/2586331\/21\/Cardless_wordmark.jpg\")
<\/a>\nWill Reed, General Partner, Spark Capital: <\/b>\u201cCardless is pioneering embedded financial services and revenue is 10xing, fueled by partnerships with world-class brands like Coinbase and Bilt. Cardless has the team, product, and momentum to transform and capture a significant share of a $200B industry. This financing represents an inflection point as the company transitions from building to scaling rapidly. All of us at Spark are thrilled to partner on this journey.\u201d<\/i><\/p>
\nThe Cardless Platform includes APIs and prebuilt components that cover the full credit journey<\/b>, enabling companies to design every touchpoint \u2014 from application to cardholder experience \u2014 without taking on the risk or complexity themselves. Customer data and AI applications power smarter decisioning, faster iteration, and more relevant offers. Cards can be launched in as little as 90 days, compared to the 18-month timelines of legacy banks. Behind the scenes, Cardless\u2019s full-service team manages the heavy lifting \u2014 from underwriting and compliance to offer design and cardholder support. This approach ensures companies maintain control over what matters most: their customer relationship.<\/p>
\nCredit cards built with Cardless have delivered 400% year-over-year transaction growth<\/b>, with cardholders spending significantly more than with legacy bank-issued cards. Current customers include Bilt, Coinbase, Qatar Airways, Alibaba, <\/b>and others.<\/p>
\nMichael Spelfogel, Co-Founder and President:<\/b> \u201cLegacy co-brands left billions on the table. Cardless puts companies in control to deepen loyalty, boost revenue, and deliver rewards people actually use. Over the next decade, financial services will move inside the brands consumers already love\u2014and Cardless is leading the shift by building the infrastructure to make it possible.\u201d<\/i><\/p>
\nCustomers Back the Cardless Platform:<\/b><\/p>
\nAnkur Jain, Founder and CEO, Bilt:<\/b> \u201cCardless\u2019s technological capabilities and focus on customer experience made them the perfect partner for Bilt Card 2.0. This will greatly enhance how Bilt Members earn and use rewards in their home and neighborhood.\u201d<\/i><\/p>
\nUse of Proceeds: <\/b>Cardless will use the funding to expand its existing card programs, launch new cards with leading companies, and introduce a broader range of financial products\u2014all designed for companies to build and deliver financial products tailored to their users.<\/p>
\nFor more information, visit www.cardless.com<\/a>.<\/p>