Petal nears unicorn status with fresh $140M in capital

Petal, announced today that it has raised a $140 million Series D round of funding. 

The company’s new valuation is $800 million — more than triple what Petal was valued at when it announced a $55 million Series C round in September of 2020, according to a source familiar with the transaction.

Founded in 2016, New York-based Petal offers two Visa credit card products aimed at underserved consumers with little to no credit history.

Read more: TechCrunch