Coinbase & Bilt Partnerships Propel Cardless to $60M Series C, Aiming to Transform Credit Card Industry

Core Insights - Cardless has successfully closed a $60 million Series C funding round led by Spark Capital, bringing total capital raised to over $170 million [1][2] - The company is positioned to reshape the $200 billion credit card industry through its innovative platform for embedded financial services [2] Company Overview - Cardless offers a platform that simplifies the entire credit card journey, allowing companies to manage card programs from application to customer experience without the complexities of traditional card issuance [3] - The platform enables companies to launch credit cards in as little as 90 days, significantly faster than the typical 18-month rollout with legacy banks [3] Operational Capabilities - The company handles underwriting, compliance, and customer support, allowing brands to focus on customer relationships and engagement [4] - Cardless has established partnerships with notable brands such as Bilt, Coinbase, Qatar Airways, and Alibaba, leading to a reported 400% year-over-year transaction growth for credit card programs built on its platform [5] Strategic Vision - Cardless aims to empower brands to deepen customer loyalty, increase revenue, and provide relevant rewards, positioning itself as a leader in the shift towards embedded financial services [6] - The Series C funding will be used to expand existing programs, launch new co-branded cards, and develop additional financial products tailored to customer needs [7]