How much funding has Power Finance raised?

Power Finance has raised $16.1M in total funding, most recently a Series A round.

Who are Power Finance's investors?

Power Finance's investors include Marqeta.

When was Power Finance founded?

Power Finance was founded in 2021.

Where is Power Finance headquartered?

Power Finance is headquartered in San Francisco, California, United States.

What industry is Power Finance in?

Power Finance operates in Fintech.

How many employees does Power Finance have?

Power Finance has 11-50 employees.

Power Finance

Acquired

JoinPower.com is for sale | HugeDomains

San Francisco, United States · Founded 2021 · $16.1M raised

Fintech

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

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.