Announcing Petal’s Series C

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 funding allows us to double down on our mission to help more people access honest, simple, and responsible credit. This mission matters even more in the COVID-19 era, when credit has become much harder to obtain — particularly for people with low scores or with no previous credit history. Our cash flow underwriting technology is uniquely suited for this moment, allowing us to lean in and serve more people than ever before, even as the big banks and major issuers pull back.

This year has brought immense challenges for everyone. We’re hoping that we at Petal can play a role in rebuilding our economy and the financial lives of U.S. consumers.

You can read more about the announcement here. If you’re interested in the company and our mission, we’re hiring across a number of different roles.

Best wishes,

Jason