Afore Capital raises second pre-seed venture capital fund

As expectations from seed investors intensify, a new stage of investment has established itself earlier in the venture-backed company life cycle. Known as “pre-seed” investing, one of the first legitimate outfits to double down on the stage has refueled, closing its second fund on $77 million. Afore Capital’s sophomore fund is likely the largest pool […]

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 […]

Petal gets $13 million to build a credit card for those without a credit history

You might be enjoying the benefits of a credit card with robust rewards today, but odds are when you were first getting started, it was hard to get even close to a card like that. That’s because, for those just getting started or who have a poor credit history, those cards are generally out of reach […]