Rewards platform Kard secures $23m in Sequence A funding spherical

New York-based fintech Kard has raised $23 million in a Sequence A funding spherical led by Tiger International.

Kard raises $23m Sequence A

Additionally collaborating within the spherical have been Fin Capital, s12f and present investor Underscore VC, together with various angel traders.

Kard says it can use the funding to increase its service provider community and product providing, in addition to strengthen hiring efforts throughout all departments.

The fintech agency supplies a rewards platform that serves card issuers together with conventional banks, neobanks and Banking-as-a-Service (BaaS) suppliers.

Kard’s API permits any firm that points playing cards to embed a personalized and tailor-made rewards answer into its personal consumer expertise, optimised for its distinctive buyer base.

Having launched in 2020, Kard claims to energy rewards for over 10 million cardholders, processing greater than 50 million transactions monthly – a ten-fold enhance up to now six months.

The fintech agency additionally works with service provider advertisers, constructing focused affords to enchantment to the correct shopper on the proper time and seize incremental market share.

Gives are translated into every card issuer’s native format – be it cashback, factors or every other format.

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