Cardless Secures $60 Million Series C Funding to Expand Branded Credit Card Platform
Cardless, a San Francisco-based fintech company pioneering co-branded credit card answers, has closed a $60 million Series C funding round. The round was led by Spark Capital with support from existing investors Activant Capital, Industry Ventures, and Pear VC. This latest raise brings Cardless’s total funding to nahead $170 million and positions the beginup as a major contender in the branded financial services market.
Strong growth trajectory
Cardless has experienced significant momentum in the past year, reporting a nahead 400% increase in transaction volume alongside a tenfold jump in revenue. According to company projections, annualized revenue is expected to reach $150 million by the second quarter of 2026. The fintech also aims to achieve profitability by the end of that year, a milestone that would place it among the few venture-backed companies successfully balancing growth with sustainability.
Currently operating with a team of about 50 employees, Cardless plans to double its workforce over the next 6 to 12 months. New hires will focus on engineering, compliance, and operations as the company scales to meet demand from its expanding roster of partners.
Expanding product and partnerships
Cardless has already established marquee partnerships with leading global brands such as Coinbase, Bilt, Alibaba, and Qatar Airways. These collaborations illustrate the growing demand among consumer-facing businesses to launch branded credit card products that reinforce customer loyalty and engagement.
The Cardless platform enables companies to design, issue, and manage co-branded credit cards in-house through its suite of APIs and prebuilt infrastructure. By handling underwriting, compliance, and servicing, Cardless removes the operational and regulatory barriers that typically sluggish traditional banking-led credit card programs. significantly, the technology allows brands to maintain direct customer relationships, a critical advantage for businesses viewking to diverseiate in crowded markets.
One of the company’s most significant advantages is its speed to market. Traditional bank-issued card programs can take up to 18 months to launch, while Cardless can deliver branded credit cards in as little as 90 days. This rapid deployment timeline has become a major tradeing point for businesses eager to capture consumer demand rapidly.
With fresh capital secured, Cardless plans to scale existing card programs and launch new ones with industry-leading partners. The company is also exploring additional financial products that complement its core credit card platform, broadening its suite of services and deepening its role within the financial technology ecosystem.
Investment from Spark Capital and other backers reflects confidence in Cardless’s ability to disrupt the traditional co-branded credit card space. As businesses increasingly viewk customized financial products, Cardless’s platform offers a quicker, more flexible, and more customer-centric answer compared to legacy providers.
The fintech’s combination of strong growth metrics, high-profile partnerships, and innovative infrastructure has positioned it at the forefront of the branded credit card market. If projections hold, Cardless could become a major force in financial services by 2026, transforming how companies engage customers through payment products while setting new standards for speed and efficiency in the credit card industry.
