CardWorks
About CardWorks
CardWorks is a company founded in 1987 was acquired by Ally in February 2020.. The company has 1,841 employees as of December 31, 2022. CardWorks offers products and services including Credit Cards, Recreational Lending, Merchant Acquiring, and Installment Loans.
- Employees 1841 as on 31 Dec, 2022
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Cardworks, Inc.
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Products & Services of CardWorks
CardWorks offers a comprehensive portfolio of products and services, including Credit Cards, Recreational Lending, Merchant Acquiring, and Installment Loans. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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Leadership Team
36 people
Software Development Team
32 people
Legal and Compliance
11 people
Operations Team
7 people
Product Management Team
6 people
Human Resources and Administration
5 people
Manager Team
4 people
Fraud Team
4 people
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Funding Insights of CardWorks
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Private Equity Round - CardWorks | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Multiple sectors are invested in by this private equity fund.
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Founded Year | Domain | Location | |
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Banking, auto finance, investment, and insurance services are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by CardWorks
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - CardWorks
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cardworks Comparisons
Competitors of CardWorks
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cardworks
Frequently Asked Questions about CardWorks
When was CardWorks founded?
CardWorks was founded in 1987 and raised its 1st funding round 35 years after it was founded.
How many employees does CardWorks have?
As of Dec 31, 2022, the latest employee count at CardWorks is 1,841.
What does CardWorks do?
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.
What products or services does CardWorks offer?
CardWorks offers Credit Cards, Recreational Lending, Merchant Acquiring, and Installment Loans.
Who are CardWorks's investors?
CardWorks has 2 investors. Key investors include Ally, and Parthenon Capital.
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