Category Archives: unbanked

Petal raises $30m from Valar to bank the unbanked with credit cards

Credit cards are a relatively new invention that have entered into something of an innovation rut. Reward programs seem stale, mobile apps remain mired in early-2000s UX paradigms, and all too often, critical financial decisions (and their expensive associated fees) are hidden like booby-traps for users. Little wonder then that consumers are fed up with their credit card providers. Worse, credit cards are not accessible to millions of people, whether due to a lack of credit history, immigration status, or because they are unlikely to be profitable […]

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