# Cardless

> Cardless is a San Francisco fintech that gives consumer and product-led brands the infrastructure to launch and run their own co-branded credit cards. Its API-first platform handles the parts most companies never want to touch - underwriting, compliance, issuing-bank relationships, rewards and servicing - so a brand can ship a branded card inside its own app in weeks instead of the year-plus a legacy bank program takes. Founded in 2019, Cardless powers cards for partners including Coinbase, Bilt, Qatar Airways, Alibaba.com and Simon, and raised a $60M Series C led by Spark Capital in September 2025.

- **Founded:** 2019
- **Headquarters:** San Francisco, California, United States
- **Founders:** Scott Kazmierowicz (Co-founder & CEO), Michael Spelfogel (Co-founder & President)
- **Team size:** ~65 employees
- **Products:** Co-branded credit card platform, Embedded card experience, Coinbase One Card, Bilt card suite, Simon Card
- **Notable:** Raised more than $215M in total funding across pre-seed through Series C., Signed marquee partners including Coinbase, Bilt, Qatar Airways, Avianca, Alibaba.com and Simon., Cuts credit card launch time from the traditional 12-18 months to under 10 weeks.

## Products & services

- **Co-branded credit card platform** — API-first infrastructure that lets brands launch and manage their own credit cards, with Cardless handling underwriting, compliance, issuing-bank relationships, rewards and account servicing - typically live in under 10 weeks.
- **Embedded card experience** — Tools to deliver the full credit card experience - application, approval, card management and rewards - natively inside a partner's own mobile app and website.
- **Coinbase One Card** — A co-branded card built with Coinbase offering up to 4% back in bitcoin, including a USDC-backed collateralized option for crypto holders.
- **Bilt card suite** — A multi-tier co-branded card lineup integrated into the Bilt rewards app.
- **Simon Card** — A co-branded card for Simon shopping centers offering 5% cash back at participating stores.
- **Travel and airline cards** — Co-branded airline and travel cards for partners such as Qatar Airways and Avianca.

## Achievements

- Raised more than $215M in total funding across pre-seed through Series C.
- Signed marquee partners including Coinbase, Bilt, Qatar Airways, Avianca, Alibaba.com and Simon.
- Cuts credit card launch time from the traditional 12-18 months to under 10 weeks.
- Cards issued through the platform saw a roughly 400% year-over-year increase in transactions.
- Added the ability to launch co-branded cards on the American Express network.
- Described as the first mass-market credit card company built since Capital One.

## Latest updates

- **2025-09** — Raised $60M Series C led by Spark Capital, on the heels of the Coinbase and Bilt partnerships, bringing total funding past $170M (reported total $215M).
- **2025** — Launched the Coinbase One Card, including a USDC-backed collateralized credit option.
- **2024-11** — Closed a $30M growth round backed by Activant Capital, Industry Ventures and Pear VC.
- **2024** — Signed Bilt Technologies as a partner for a multi-tier co-branded card suite.

## Links

- Website: https://cardless.com
- LinkedIn: https://www.linkedin.com/company/cardless
- Twitter/X: https://twitter.com/cardless
- Facebook: https://facebook.com/cardlesshq/

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Profile page: https://yespress.io/cardless
Published by YesPress — https://yespress.io
Last updated: 2026-06-15