Cardless completes $60 million financing, led by Spark Capital

ChainCatcher news, focusing on the co-branded credit card startup Cardless, has completed a $60 million financing round. The new funding will be used to enhance features and collaborate with well-known brand clients on project development, with part of it allocated for partnerships with Coinbase Global Inc. and Bilt Rewards.

This round of financing was led by Spark Capital, with participation from Activant Capital, Industry Ventures, and Pear VC. Notably, there is a strategic partnership between Cardless and Coinbase, with Coinbase being its first partner. In June of this year, Cardless launched an embedded credit card platform, which Coinbase used to develop and issue the "Coinbase One Card."