CardWorks
About CardWorks
CardWorks is a Financial Services company founded in 1987, and was acquired by Ally in February 2020. It operates as a provider of compliant servicing and asset management services. The company has 1,841 employees. CardWorks offers products and services including Credit Cards, Recreational Lending, Merchant Acquiring, and Installment Loans. Its focus areas include Banks, Internet-First Banks, Digital Subsidiaries of Banks and Diversified. Its legal entity is CARDWORKS, INC.
Company details
CardWorks was established in 1987 within the financial services sector. Compliant servicing for credit-related portfolios is managed, alongside asset management operations. Regulatory standards are adhered to in all processes, ensuring structured handling of receivables and collections. Focus is placed on operational reliability for institutional partners, with services extending to portfolio oversight and recovery strategies across domestic markets.
Products & Services of CardWorks
CardWorks offers a comprehensive portfolio of products and services, including Credit Cards, Recreational Lending, Merchant Acquiring, and Installment Loans.
Provides credit cards for consumer financing and account management.
Finances vehicles like RVs and boats for outdoor activities.
Handles payment services for ISOs and retail merchants.
Offers operational servicing for loans across credit spectrums.
Funding Insights of CardWorks
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of CardWorks 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 |
|---|---|---|---|---|---|
| Feb 2022 | – | Private Equity Round | – | – |
2 investors in total: 2 institutional.
Investors in CardWorks
CardWorks has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Ally and Parthenon Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multiple sectors are invested in by this private equity fund. | – | parthenoncapital.com | Boston, United States | |
Banking, auto finance, investment, and insurance services are provided. | 1919 | ally.com | Detroit, United States |
Investor details for CardWorks
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
People of CardWorks
131 people are tracked at CardWorks (71 in leadership, 60 in team); the tracked headcount is 1,841.
| Name | Role | Group |
|---|---|---|
Donatella Marchesi | Assistant Vice President | Leadership |
Shay Southern | Vice President | Leadership |
Kofi Ellis | Director Of Customer Engagement | Leadership |
Neil Hoffman | Vice President - Infrastructure | Leadership |
Darren York | VP - Business Management | Leadership |
Don Berman | CEO, Founder | Leadership |
Kathryn Butler | Director, Client Relationship Management | Leadership |
Janielle Whitehead | Director, Corporate Social Responsibility, University Relations & DEI | Leadership |
Manoj Kumar | Director | Leadership |
Greg Modica | Assistant Vice President, Client Relationship Management | Leadership |
Patricia Kelly | Vice President, Client Relationship Management | Leadership |
Karyssa Blair | Client Change Management - Director | Leadership |
Christine S. Kinkead | Director Of Customer Experience | Leadership |
Tom McComb | Vice President, Infrastructure Operations | Leadership |
Chuck Burg | Senior Vice President Of Infrastructure | Leadership |
Steph Anderson | Senior Vice President, Corporate Strategy | Leadership |
Alicia Scaturro | Senior Vice President, HR Business Partner | Leadership |
Kiana Vesely-Wanner | Director Talent Acquisition | Leadership |
Diana Pominski | Director Talent Acquisition | Leadership |
Clifford Wilson III (Casey) | Head | AVP Of Collections Dialer Strategy | Leadership |
111 more people are available in the full profile.
Complete people profiles for CardWorks
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of CardWorks
3 dated milestones of CardWorks across 35 years, from founding to its latest funding, stage changes and deals.
- Founded CardWorks is founded.
- Exit Acquired by Ally.
- Funding First funding round.
Web traffic of CardWorks
The website of CardWorks (cardworks.com) receives about 9.4K visits a month.
- Monthly visits9.4K
▼ 21.9% vs previous month
Websites whose visitors overlap most with CardWorks. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
debtconsolidationcare.com | debtconsolidationcare.com | 100% | – | #3,121,361 | – |
| advantageprocessors.com | 72% | – | – | View details | |
translate.google.com.sa | translate.google.com.sa | 60% | – | – | – |
| merrickbank.com | 59% | – | #16,105 | View details | |
donaldbermanpiano.com | donaldbermanpiano.com | 28% | – | #11,940,678 | – |
Top companies in Banks
10 companies that operate in the same segment as CardWorks (Banks), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Collateralised loans for commercial vehicles are extended to rural entrepreneurs. | 1996 | Jaipur, Rajasthan, India | USD 118 M | USD 2.3 B | 50,950 | |
Small finance services are extended to underserved segments in India. | 2005 | Bengaluru, Karnataka, India | USD 153.96 M | – | 21,203 | |
Commercial banking services are provided in the United Kingdom. | 2010 | London, England, United Kingdom | USD 564 M | USD 1.15 B | – | |
Microfinance banking services are offered in India by ESAF. | 1992 | Thrissur, Kerala, India | USD 101.74 M | USD 474.19 M | 12,520 | |
Wealth advisory and banking services are offered to clients. | 1872 | Charlotte, North Carolina, United States | – | USD 881.26 M | 1,240 | |
Microfinance bank | 1999 | Bengaluru, Karnataka, India | USD 814.02 M | USD 670.62 M | 25,380 | |
Small finance bank offering savings accounts, deposits, and loan products | 2008 | Mumbai, Maharashtra, India | USD 110.94 M | USD 268.59 M | 8,650 | |
Commercial banking services are offered to individuals and businesses. | 2004 | Mumbai, Maharashtra, India | USD 4.63 M | USD 3.98 B | 28,690 | |
Provider of a commercial banking services | 1993 | Mumbai, Maharashtra, India | – | USD 17.37 B | 104,450 | |
Small finance bank | 2007 | Chennai, Tamil Nadu, India | USD 194.55 M | USD 840.3 M | 25,430 |
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Related news about Cardworks
Complete news archive for CardWorks
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Frequently Asked Questions about CardWorks
CardWorks was founded in 1987 and raised its 1st funding round 35 years after it was founded.
CardWorks has 1,841 employees.
CardWorks was established in 1987 within the financial services sector. Compliant servicing for credit-related portfolios is managed, alongside asset management operations. Regulatory standards are adhered to in all processes, ensuring structured handling of receivables and collections. Focus is placed on operational reliability for institutional partners, with services extending to portfolio oversight and recovery strategies across domestic markets.
CardWorks offers Credit Cards, Recreational Lending, Merchant Acquiring, and Installment Loans.
CardWorks has 2 investors. Key investors include Ally, and Parthenon Capital.
CardWorks operates through Cardworks, Inc..
Yes. CardWorks was acquired by Ally in February 2020.