Fundz

Kard Raises $23M Series A To Power Card Rewards Following A Year Of Significant Growth

PRIVATEApr 28, 2022

Amount Raised

$23 Million

Round Type

Series A

New YorkSoftwareMobilePaymentsFinance

Description

Kard, the rewards-as-a-service API that connects modern card issuers to the brands their cardholders love, announced today that it has raised a $23 million Series A round led by Tiger Global. Also participating in the round are Fin Capital, s12f, and existing investor Underscore VC, which led Kard's Seed round; as well as a number of strategic angel investors. Kard will use this round to expand its merchant network and product suite, as well as bolster hiring efforts across all departments, including engineering, product, sales, and account management.

Quick answer

Kard raised $23 Million in a Series A round, dated April 28, 2022. Kard is based in New York, United States.

How much did Kard raise?
Kard raised $23 Million in a Series A round on April 28, 2022.
What does Kard do?
Kard will use this round to expand its merchant network and product suite, as well as bolster hiring efforts across all departments, including engineering, product, sales, and account management.
Where is Kard based and how big is it?
Kard is based in New York, United States.

Source: Fundz verified event record.

Who else raised in Mobile and Payments around the same time

Companies in the same sectors as Kard that raised within 45 days of this round, from Fundz verified event records.

  • Crusoe raised $505M (Funding Round) on April 21, 2022.
  • Bright Uro raised $6M (Seed) on June 9, 2022.
  • Incognia raised $16M (Series A) on June 2, 2022.
  • BigBasket raised $46M on June 2, 2022.
  • Massive Bio and Foundation Medicine raised $9M (Funding Round) on June 2, 2022.
  • Vendia raised $30M (Series B) on May 31, 2022.

Who to call at Kard, and when

A new round usually means Kard is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Kard raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Kard, from your own LinkedIn network

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Company Information

Company

Kard

Location

New York, United States

About

Kard will use this round to expand its merchant network and product suite, as well as bolster hiring efforts across all departments, including engineering, product, sales, and account management. Unlike other rewards platforms, Kard enables issuers to build unique rewards and loyalty experiences quickly and easily, by leveraging Kard's APIs and network of retail and merchant partners. Kard is the first rewards platform that specifically services the entire spectrum of card issuers, including traditional banks, neobanks, banking-as-a-service providers, and the broader fintech market — anyone building a unique card experience.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Kard raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.