Goldman Sachs leads $50M round for credit card platform Deserve

Goldman Sachs leads $50M round for credit card platform Deserve

4 years ago
Anonymous $xdcOWPpsb_

https://techcrunch.com/2019/11/04/goldman-sachs-leads-50m-round-for-credit-card-platform-deserve/

Deserve, a credit card startup helping young people establish themselves as well as a cloud-based credit card platform for businesses, has raised $50 million in a new round of Series C funding led by Goldman Sachs, the company announced today. Others participating in the round include existing investors Sallie Mae, Accel, Aspect Ventures, Pelion Venture Partners and Mission Holdings.

The funds will be put towards Deserve’s further development of what it calls its “Card as a Service” (CaaS) platform, which helps businesses, brands, and others tailor credit card products to their own unique customer bases.