CARD91, a payment issuing infrastructure platform, has secured US $13 million in a Pre-Series A round-headed by Infinity Ventures, Point72 Ventures, Sabre Partners, EMVC, and Commerce Ventures, as well as prominent angel investors on 30th MARCH 2022.
What the founder have to say:
the founders at CARD91 stated:
“We are more confident in the product now that we have the support of well-known investors. The money raised will be used to extend our issuing product offerings and reach out to more businesses across India and begin our worldwide expansion. It will also assist in developing our team’s strengths and talents and launching relevant ancillary products.
Industry-wide digitization has surged in the last two years, and payments are no exception. We anticipate that the next 100 million Indians will use credit cards issued by brands and businesses to obtain credit. Card programs are tough to launch since they require several participants to be integrated. By providing a plug-and-play solution, we hope to make this process easier for businesses,” they stated.
What the investors have to say:
Rajiv Maliwal, Managing Partner of Sabre Partners:
“We are ecstatic to support CARD91 because we believe the entire complicated value chain of payments is vulnerable to disruption.” Modern card issuance has enormous revolutionary potential, as businesses and customers want new experiences. We have high confidence in CARD91’s excellent founding team to accomplish the company’s objective.”
Co-Founder and Managing Partner at Infinity Ventures:
“CARD91 has built a payments infrastructure that makes card issuance easier for start-ups, companies, and banks alike.” We’re thrilled to back the founding team’s mission, and we believe their worldwide expansion will help their clients prosper in a global economy.”
CARD91 is a turnkey solution for companies looking to launch their card programs.
CARD91 is a plug-and-play payment issuing infrastructure that helps businesses and banks establish co-branded cards and streamline business payments. It was founded in August 2020 by Vineet Saxena, Ajay Pandey, and Kush Srivastava.
This is a turnkey solution for companies looking to launch their Card programs. CARD91’s service enables businesses to launch cards more quickly.
EMVC, Rainmatter Capital, Blume Founders Fund, Inflection Point Ventures, and notable angel investors had already invested in this B2B fintech.
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