San Francisco-based fintech company Cardless has secured a significant USD 60 million Series C funding round, aiming to amplify its growth trajectory and potentially achieve a tenfold increase in revenue.

The new capital infusion is expected to propel Cardless towards broader expansion of card programs, forging additional strategic partnerships, and bolstering its technological infrastructure. This latest round was spearheaded by Spark Capital, bringing the total funding for Cardless to surpass USD 170 million.

Cardless intends to leverage its robust partnership with Coinbase and Bilt to drive accelerated growth. These collaborations are anticipated to enhance Cardless’s market reach and deepen engagement with tech-savvy consumers.

Details of the USD 60 Million Series C Funding

With this funding, Cardless will continue to offer a comprehensive platform for brands to create and manage bespoke credit card programs. The solution ensures that complex backend processes such as underwriting, compliance, and servicing are handled efficiently, while maintaining brand control over user experience.

The company’s relationship with Coinbase has been strengthened through the development of a co-branded credit card program, enabling cardholders to earn Bitcoin rewards up to 4% on their purchases. The integration into the user journey also helps Cardless attract a tech-savvy audience.

Bilt Rewards chose Cardless to power its revamped Bilt Card after parting ways with Wells Fargo. The new card is poised to offer enhanced user experience and personalized rewards tailored for renters and homeowners, thanks to Cardless’s infrastructure that supports rent payment and neighborhood spending incentives. Moreover, the firm’s APIs facilitate rapid feature iteration and enhanced customer engagement, expected to boost loyalty among Bilt users.