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Power Finance
Credit card issuer
- 21-100 employees
- Fintech
- B2B
- Credit cards
- Civic Center, New York, NY
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Company mission
To help modern brands build, launch, and scale amazing, embedded finance experiences that resonate with their most loyal customers.
Our take
With plans to reshape global commerce, Power offers a cloud-native, credit card issuance platform that brands can use to offer quality fintech experiences to their customers.
Unlike competitors, which tend to provide primarily offline experiences that require third-party apps, Power is white-labelled and designed to work within the brand’s existing mobile applications. This guarantees customers a frictionless experience when applying for and managing credit cards, ultimately ensuring deeper customer engagement and brand loyalty.
Since raising capital, Power has operated quietly, not saying much on its early traction and product roadmap. Its first year saw thousands of credit cards issued, and using investment, Power will focus on onboarding more brands with the goal to issue tens of thousands of cards in its coming year.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Medical, dental and vision coverage
- Team socials to give everyone the opportunity to meet in real life
- Flexible vacation policy allowing you to take time off that you need
- 100% remote company - you can work anywhere across Canada or the US
Funding (2 rounds)
Sep 2022
$16.1m
SEED
Nov 2021
$5m
SEED
Total funding: $21.1m
This company has top investors
Leadership
Andrew Dust
(CTO)Previous worked for PwC in Corporate Tax, for Acorns in Data Analytics, and in Decision Science for Amount.
Randy Fernando
(CEO)Previously founded Vault Investing, acting as CEO before it was acquired by Acorns, serving here as Head of Product, before fulfilling this same role for Azlo. Spent 5 years as Vice President at JPMorgan Chase & Co.