Power is the first credit card issuer built on modern tech, from the ground up. Our cloud-native platform is tailored to meet the needs of high-growth brands who use Power, providing them solutions that have not been supported in the past.
Power was founded by Randy Fernando and Andrew Dust, and is backed by Anthemis, Fin Capital, Financial Venture Studio, CRV, Dash Fund, Plug and Play and others.
For more information visit www.usepower.com.
Power was founded by Randy Fernando and Andrew Dust, and is backed by Anthemis, Fin Capital, Financial Venture Studio, CRV, Dash Fund, Plug and Play and others.
For more information visit www.usepower.com.
Location: United States, Texas, Austin
Employees: 11-50
Total raised: $16.1M
Investors 3
| Date | Name | Website |
| - | Financial ... | finventure... |
| - | Sauna Vent... | saunavc.co... |
| - | Restive | restive.co... |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 14.09.2022 | Seed | $16.1M | Anthemis G... |
Mentions in press and media 3
| Date | Title | Description |
| 30.01.2023 | Marqeta buys fintech Power Finance in $275M all-cash deal, its first acquisition | Marqeta has agreed to acquire two-year-old fintech infrastructure startup Power Finance for $223 million in cash, marking the first acquisition in the publicly-traded company’s 13-year history. About one-third of the purchase price is payab... |
| 14.09.2022 | Fintech startup Power flexes its credit card muscle following $316M equity, debt injection | Power, a fintech infrastructure startup, is now kicking off its full-stack credit card issuance platform after a year in stealth mode and with $16.1 million in seed funding and $300 million in a credit facility. The New York–based company’s... |
| - | Power Finance | “The most innovative companies choose Power to deliver generational credit card programs using our cloud-native issuance platform.” |