About Cardless
Cardless is a company based in San Francisco (United States) founded in 2019 by Michael Spelfogel and Scott Kazmierowicz. It operates as a API-as-a-Product and FinTech. Cardless has raised $150.06 million across 7 funding rounds from investors including Thayer Ventures, Pear VC and Activant Capital. Cardless offers products and services including Embedded Credit Card Platform. Cardless operates in a competitive market with competitors including Synchrony, Deserve, Power, Tallied and Deserve Cards, among others.
- Headquarter San Francisco, United States
- Founders Michael Spelfogel, Scott Kazmierowicz
- SectorsFinancial Services
- Email••••••••
- Website cardless.com
- Social LinkedIn X
- Legal Name Cardless, Inc.
- Total Equity Funding$150.06M (USD)
in 7 rounds
- Latest Funding Round$60M (USD), Series C
Sep 2025
- InvestorsThayer Ventures
& 12 more
Products & Services of Cardless
Cardless offers a comprehensive portfolio of products and services, including Embedded Credit Card Platform.
A platform for integrating credit card experiences seamlessly.
Apps and channels of Cardless
Cardless publishes 1 mobile app with over 10K+ downloads.
Funding Insights of Cardless
Cardless has successfully raised a total of $150.06M across 7 strategic funding rounds. The most recent funding activity was a Series C round of $60 million completed in September 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $150.06M
- Total Rounds 7
- Last Round Series C — $60M
- First Round $2.88M
(Nov 2019)
- Investors Count 13
All 7 funding rounds of Cardless with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2025 | $60M | Series C | – | Spark Capital | |
| Nov 2024 | $30M | Series B | – | Activant Capital | |
| May 2023 | $75M | Debt – Conventional | – | – | |
| Jul 2021 | $40M | Series B | – | Activant Capital | |
| Feb 2021 | $7.17M | Series A | – | – | – |
| Nov 2020 | $10M | Series A | – | – | |
| Nov 2019 | $2.88M | Series A | – | – | – |
13 investors in total: 13 institutional.
Investors in Cardless
Cardless has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include Thayer Ventures, Pear VC and Activant Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund investing in tech sectors | – | activantcapital.com | Greenwich, United States | |
Investments in private tech ecosystem are made by Industry Ventures. | – | industryventures.com | San Francisco, United States | |
US focused VC firm | 2007 | thayerventures.com | San Francisco, United States | |
Venture capital is provided to consumer, B2B, and commerce sectors. | – | amexventures.com | New York, United States | |
Seed & early stage VC firm investing the US | 2013 | pear.vc | San Francisco, United States | |
Investment in retail and financial services technologies. | – | commerce.vc | - | |
Diversified debt and equity investments are managed by i80 Group. | – | i80group.com | New York, United States | |
Accomplice is engaged in venture capital investments for startups. | – | accomplice.co | Boston, United States | |
Multiple sectors are targeted for venture capital investments by Greycroft. | – | greycroft.com | New York, United States | |
Venture capital firm focused on financial sector | – | clocktowerventures.com | Santa Monica, United States |
Investor details for Cardless
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Cardless
8 people are tracked at Cardless (2 in leadership, 6 in team).
| Name | Role | Group |
|---|---|---|
Michael Spelfogel | Co-Founder & President | Leadership |
Scott Kazmierowicz | Co-Founder & CEO | Leadership |
Joe Wold | Strategic Partnerships | Team |
Renata Fros | Lead Product Engineer | Team |
Michael Decroce-Movson | Senior Software Engineer | Team |
Janjira Sun | Copywriter | Team |
Vincent Cuellar | Partnerships Marketing Manager | Team |
Sean Sain | Software Engineer | Team |
Complete people profiles for Cardless
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Cardless
3 dated milestones of Cardless across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Cardless is founded.
- Funding First funding round of $2.9M.
- Funding Latest funding round, Series C, of $60.0M.
Competitors of Cardless
Cardless operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Synchrony, Deserve, Power, Tallied and Deserve Cards, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| synchrony.com | 1993 | Salem, United States | $25M | 16,000 | Synchrony is engaged in providing credit cards and banking services. | |
| deserve.com | 2013 | Murray, United States | $144.04M | 34 | Credit builder cards for consumers | |
| withpower.com | 2021 | San Francisco, United States | $19M | – | Clinical trials and treatments are found via an online platform. | |
| tallied.io | 2022 | San Francisco, United States | $18.89M | – | Platform to build consumer and corporate credit card programs | |
| deservecards.com | 2013 | Palo Alto, United States | $50M | 34 | API-based credit-card-as-a-service solutions are provided with risk and fraud tools. | |
| affiniti.finance | 2022 | New York, United States | $26.64M | – | Industry-specific credit cards for small businesses are provided. | |
| withcardlift.com | 2022 | Mountain View, United States | $500,000 | – | Platform for making credit card programs | |
| myjupitercard.com | 2021 | New York, United States | $20,000 | – | White-labelled credit cards are issued for consumer payments. | |
| nowreceive.com | 2022 | Paramus, United States | $4M | – | A financial service providing early access to business revenue. |
Detailed competitors of Cardless
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Cardless
The website of Cardless (cardless.com) receives about 165.9K visits a month.
- Monthly visits165.9K
▲ 210.1% vs previous month
Websites whose visitors overlap most with Cardless. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| nerdwallet.com | 100% | 22.3M | #2,677 | View details | |
| americanexpress.com | 76% | 107.4M | #276 | View details | |
| chase.com | 66% | 198.6M | #125 | View details | |
| wellsfargo.com | 62% | 104.9M | #241 | View details | |
| bankofamerica.com | 62% | 113.9M | #258 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 6 similar websites and full traffic analytics for Cardless
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 6 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Cardless
Complete news archive for Cardless
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Cardless
10 companies that operate in the same segment as Cardless (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 4.14 B | – | – | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | – | – | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | – | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 742 M | USD 302.19 M | 2,641 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.06 B | – | – | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 604.02 M | USD 179.52 M | 709 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Online payment processing and credit solutions are provided for businesses. | 2002 | Amsterdam, Netherlands | USD 35.15 M | USD 5.47 B | 1,200 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Cardless
Cardless was founded in 2019.
Cardless is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Scott Kazmierowicz is the current CEO of Cardless. They have also founded this company.
Cardless is a funded company, having raised a total of $150.06M across 7 funding rounds to date. The company's 1st funding round was a Series A of $2.88M, raised on Nov 2019.
An embedded credit card platform is offered by Cardless, enabling businesses to integrate credit experiences directly into their apps or websites. Modular tools, full-stack infrastructure, and end-to-end operations are provided to customize credit programs. The platform is utilized across sectors like travel, e-commerce, and cryptocurrency to enhance engagement, revenue, and brand loyalty. Solutions are designed to make credit relevant and timely at key customer touchpoints such as checkout or bookings.
Cardless offers Embedded Credit Card Platform.
Cardless has 13 investors. Key investors include Thayer Ventures, Pear VC, Activant Capital, Industry Ventures, and Mischief.
Cardless operates through Cardless, Inc..
Yes. Cardless publishes Cardless, with over 10,000 downloads.
The website of Cardless receives about 166 thousand visits a month.