# Cardless: Information technology & services, San Francisco, United States

> Cardless: Cardless, based in San Francisco, California, is a financial technology firm founded in 2019 by Michael Spelfogel and Scott Kazmierowicz.

Source: https://millionrounds.com/startup/cardless (Millionrounds; every figure on the page links to its filing or article)

United States · [Information technology & services startup](https://millionrounds.com/companies)

# Cardless

Cardless, based in San Francisco, California, is a financial technology firm founded in 2019 by Michael Spelfogel and Scott Kazmierowicz.

Funding reported Last round: Debt financing

Information technology & services San Francisco, United States

Company summary

- **Founded:** 2019 7 years old
- **Team:** 81 51 to 200 people
- **Funding reported:** $135M in dollars
- **Last round:** Debt financing May 2023

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Cardless has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Cardless

Cardless, based in San Francisco, California, is a financial technology firm founded in 2019 by Michael Spelfogel and Scott Kazmierowicz.

The company focuses on modernizing the delivery of financial products, making consumer credit more accessible and engaging. Cardless operates an embedded credit card platform that allows consumer brands to launch and manage custom co-branded credit card programs directly within their apps and websites. The company offers a range of services, including end-to-end management of credit card programs, customizable rewards programs, and advanced fraud detection systems. Cardless provides both digital and physical card issuance, along with support for navigating regulatory compliance. Its product ecosystem features custom co-branded credit cards, virtual credit cards, and specialized cryptocurrency cards. Cardless partners with notable brands across various sectors, including travel, technology, and retail, to enhance their credit offerings.

## What company datasets say Cardless raised

Funding, as reported

Reported in all **$135M** in dollars

Rounds **6**

Last round **Debt financing**

Last round size **$60M**

Last round date **May 2023**

Investors listed **22**

SEC Form D **$48M sold, 3 filings, last Aug 2021**

## Founders and team

From the SEC filings it signed: 2 on the team.

- **Michael Spelfogel** Executive Officer, Director, Promoter i
- **Scott Kazmierowicz** Executive Officer, Director, Promoter i

## On 5 portfolio pages

Investors who name them

- [Activant Capital](https://millionrounds.com/fund/activant-capital)
- [Commerce Ventures](https://millionrounds.com/fund/commerce-ventures)
- [Tribe Capital](https://millionrounds.com/fund/tribe-capital)
- [Great Oaks Venture Capital](https://millionrounds.com/fund/great-oaks-venture-capital)
- [Commerce VC](https://millionrounds.com/fund/commerce-vc)

Each firm lists Cardless on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

information technology & services financial services fintech saas technology computer software b2b information & internet finance technology

Built with from their website

Google Sheets Figma React Native Microsoft PowerPoint QuickBooks Cloudflare DNS Google Workspace Zoom Meetings CloudFlare Okta

+8 more

Zendesk for Service Amex GBT Egencia AI Google Meet NetSuite Zendesk CloudFlare CDN React

- **Sector:** Information technology & services
- **Industry code:** NAICS 522320, 513210
- **Region:** California
- **Revenue:** $9.8M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/cardless)

## Information technology & services in United States

Startups like it

- [**Databricks** San Francisco · founded 2013 *Raised*](https://millionrounds.com/company/databricks)
- [**Waymo** Mountain View · founded 2009 *Raised*](https://millionrounds.com/company/waymo)
- [**Crusoe** Denver · founded 2018 *Raised*](https://millionrounds.com/company/crusoe)
- [**Cursor** San Francisco · founded 2017 *Raised*](https://millionrounds.com/company/cursor)
- [**Thinking Machines Lab** San Francisco *Raised*](https://millionrounds.com/company/thinking-machines-lab)
- [**Cognition** San Francisco *Raised*](https://millionrounds.com/company/cognition)
- [**Polymarket** New York · founded 2020 *Raised*](https://millionrounds.com/company/polymarket)
- [**Harvey** San Francisco · founded 2022 *Raised*](https://millionrounds.com/company/harvey)

## Is this your company?

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