I’m excited to announce that Ali Heron has been appointed as Petal’s new Chief Technology Officer, overseeing our Product, Design, Engineering and Analytics teams. Ali is a proven leader with more than 20 years of experience in technology and finance. She has built high-stakes products at huge scale at Microsoft…

I am incredibly proud to share that Petal has raised $140 million in new financing, a Series D round led by Tarsadia Investments. We’re thrilled to partner with Rishi Reddy, Tarsadia’s Head of Venture and Growth Investing, and Mitch Caplan, the former CEO of E*TRADE and current President of Tarsadia…

Looking back, one of the most important things we did in the early days of Petal was write down a set of company values. We did this before we had a team, a product, or a dollar of funding. Our ideas about who we would hire, how we would act…

The shift to mobile-first, data-driven financial services has arrived, and there is no turning back. Over the past year, there has been a massive acceleration in the adoption of consumer fintech. Petal is leading that charge — not just because we offer a fundamentally better credit experience built for mobile…

Petal was formed to fix deep-seated problems in the U.S. credit system. More than 50 million people lack a traditional credit score, and tens of millions of others have thin or stale credit information. …

Today, we filed an official comment letter with the Consumer Financial Protection Bureau (CFPB) in defense of the American consumer’s right to access and control their own financial data. You can read the full text of our filing here. Every time you interact with the financial system you create electronic…

We’re thrilled to announce a new round of funding for Petal, led by Valar Ventures. We’ve raised $55 million to help make responsible credit a reality for more consumers. We’re grateful to all of our investors and the fantastic team that has enabled us to reach this milestone. This new…

Credit scores are proving unreliable in the COVID economy, forcing skittish banks to turn off the consumer credit spigot. Cash flow scoring can break the lending logjam and expand access to credit. — This summer, The Wall Street Journal’s front page displayed a stunning headline: “banks can’t tell who’s creditworthy”. …

Over the past few years, we’ve seen a dramatic expansion in the availability of credit for small businesses thanks to disruptive new financial technology platforms. Today, small business owners can apply for a loan online in just a few minutes and receive funds the very next day. …