Cardless
Co-branded credit card creation platform
- 21-100 employees
- Fintech
- B2B
- Enterprise
- Payments
- Mission District, San Francisco, CA
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Company mission
To make credit more engaging, rewarding, and accessible.
-30% employee growth in 12 months
Our take
Cardless is a financial technology company attempting to modernise co-branded credit card programs. There are around 200 brands in the U.S. with traditional cards that haven't been modernised in over 20 years. These traditional cards, from the likes of Costco and Sam's, enable shoppers to collect reward points that they can use for things like travel.
Cardless’ co-founders are no strangers to the financial industry. Michael Spelfogel spent time at Visa, and Scott Kazmierowicz worked in banking for Goldman Sachs. Through their experiences, they spotted a gap in the market for simple, credit card loyalty programs that focus on customer experiences. For example, it helps popular consumer brands launch credit cards that can engage with their fans and reward them with bespoke benefits.
The global credit card market is valued at over $100 billion. It's certainly big enough for consumer brands to enter; however, with Cardless acting as a middleman, there's always a risk that it could get frozen out by the big banks. Nevertheless, it secured $60 million in Series C funding in 2025, which will be used to expand its products, partnerships and card programmes.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- 🌴 Unlimited paid time off, with a minimum of 15 days off per year
- For remote employees:
- 🍱 Catered lunch at the office every day, plus plenty of snacks & drinks
- 🖥️ $500 remote setup stipend to help you do your best work
- 👶 Parental leave for birthing and non-birthing parents
- 🚎 $250/month commuter assistance for public transit or our parking garage
- 💸 Competitive salaries, equity, and a 401(k) plan
- For in-office employees:
- 🏥 Top-of-the-line healthcare (medical, vision, and dental), with 100% primary coverage and 75% dependent coverage for medical
- ✈️ Team trips & offsites
Funding (last 2 of 6 rounds)
Sep 2025
$60m
SERIES C
Nov 2024
$30m
GROWTH EQUITY VC
Total funding: $140m
This company has top investors
Leadership
Scott Kazmierowicz
(Co-Founder & CEO)Former Investment Banker at Allen & Company and Bank of America. Former Software Engineer at Goldman Sachs. BS in Computer Science at Stanford University.
Michael Spelfogel
(Co-Founder & President)Former Data Scientist at Lyft and Rent the Runaway. Formerly in Commercial Card Management at Visa. BASc in Management Science and Engineering at Berkley.
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