About Deserve Cards
Deserve Cards is a company based in Palo Alto (United States) founded in 2013.. Deserve Cards has raised $50 million across 1 funding round from investors including Mission Holdings. The company has 34 employees as of December 31, 2022. Deserve Cards offers products and services including Credit Card Platform, Mobile App, and APIs and SDKs. Deserve Cards operates in a competitive market with competitors including Deserve, Power, Tallied, Affiniti and Optimize Financial Technology, among others.
- Headquarter Palo Alto, United States
- Employees 34 as on 31 Dec, 2022
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Deserve
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$50 M (USD)
in 1 rounds
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Latest Funding Round
$50 M (USD), Series D
Jun 24, 2021
- Investors
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Employee Count
34
as on Dec 31, 2022
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Products & Services of Deserve Cards
Deserve Cards offers a comprehensive portfolio of products and services, including Credit Card Platform, Mobile App, and APIs and SDKs. 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.
Core processor for credit card programs and real-time transactions.
App for instant card issuance and fraud monitoring services.
Tools for integrating credit card features into partner ecosystems.
Funding Insights of Deserve Cards
Deserve Cards has successfully raised a total of $50M through 1 strategic funding round. The most recent funding activity was a Series D round of $50 million completed in June 2021. 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 Total Funding
- Total Rounds 1
- Last Round Series D — $50.0M
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First Round
First Round
(24 Jun 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series D - Deserve Cards | 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 Deserve Cards
Deserve Cards has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Mission Holdings. 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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Potato farming, grain marketing, and equipment services provided by Mission Holdings.
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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 Deserve Cards
| 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 - Deserve Cards
| 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 |
Deserve Cards Comparisons
Competitors of Deserve Cards
Deserve Cards 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 Deserve, Power, Tallied, Affiniti and Optimize Financial Technology, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Credit builder cards for consumers
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| domain | founded_year | HQ Location |
Clinical trials and treatments are found via an online platform.
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| domain | founded_year | HQ Location |
Platform to build consumer and corporate credit card programs
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| domain | founded_year | HQ Location |
Industry-specific credit cards for small businesses are provided.
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| domain | founded_year | HQ Location |
Provides an API-driven white-label credit card solution for clients.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about Deserve Cards
When was Deserve Cards founded?
Deserve Cards was founded in 2013 and raised its 1st funding round 8 years after it was founded.
Where is Deserve Cards located?
Deserve Cards is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Is Deserve Cards a funded company?
Deserve Cards is a funded company, having raised a total of $50M across 1 funding round to date. The company's 1st funding round was a Series D of $50M, raised on Jun 24, 2021.
How many employees does Deserve Cards have?
As of Dec 31, 2022, the latest employee count at Deserve Cards is 34.
What does Deserve Cards do?
Deserve Cards was founded in 2013 and is headquartered in Palo Alto, United States. Operations focus on the fintech sector, where API-based platforms for credit-card-as-a-service are delivered. Services encompass risk management, customer engagement tools, portfolio analytics, and marketing solutions. Machine learning-enabled features for fraud detection and prevention are also integrated into the offerings.
Who are the top competitors of Deserve Cards?
What products or services does Deserve Cards offer?
Deserve Cards offers Credit Card Platform, Mobile App, and APIs and SDKs.
Who are Deserve Cards's investors?
Deserve Cards has 1 investor. Key investors include Mission Holdings.
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