Power Finance
AcquiredJoinPower.com is for sale | HugeDomains
San Francisco, United States · Founded 2021 · $16.1M raised
- Headquarters
- San Francisco, California
- Employees
- 11–50
- Founded
- 2021
- Business Model
- B2C
- Website
- joinpower.com
- Total Funding
- $16.1M
- Last Round
- $16.1M Series ASep 2022
- Rounds
- 2
- Acquisition Date
- Jan 2023
About
Power Finance (operating as Power) was a San Francisco-based fintech company founded in 2021 by Randy Fernando and Andrew Dust that built the first credit card issuance platform on modern cloud-native technology. The platform enabled businesses to launch and manage credit card programs with significant equity and debt financing backing, processing transactions through a fully modern tech stack purpose-built for card issuance from the ground up. Power raised $316M in combined equity and debt financing before being acquired by payments platform Marqeta in a $275M all-cash deal in 2023.
Summary
Power Finance is a Fintech company based in San Francisco, United States, founded in 2021. It has raised $16.1M in total across 2 rounds, most recently a $16.1M Series A round in Sep 2022. Investors include Marqeta.
Tech & App Stack
4 technologies & apps tracked
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Funding History
Jan 2023
Sign up to see all 3 rounds
Series A through Acquisition — per-round amounts, valuations, and who invested in each round.
Investors
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