FundedIQ
Financial Services

Cardless: Funding, Investors & Team (Aug 2026)

We are the leading platform for consumer brands to launch credit card products. Our technology powers credit card programs across sports, travel, and retail, and on multiple card networks.

www.cardless.com LinkedIn San Francisco, United States 11-50 employees
Credit Cards Finance FinTech B2B
Total raised
$205M
Rounds
4
Latest
Series C
Sep 2025

Cardless has raised $205M across 4 funding rounds on record, the most recent a Series C of $60.0M announced in Sep 2025.

That round is above the $14M median round size for Financial Services companies tracked on FundedIQ over the last two years.

Cardless Company Profile and Key Stats

Total funding raised
$205M
across 4 rounds on record
Funding rounds on record
4
Latest funding round
Series C
$60.0M in Sep 2025
Employees
11-50
reported band
Headquarters
San Francisco, United States

Latest funding round on record: Sep 2025.

Cardless Funding Rounds

Date
Round
Amount
Series C
$60.0M
Undisclosed round
$30.0M
Undisclosed round
$75.0M
Series B
$40.0M

Cardless raised $40.0M in a Series B announced in Jul 2021.

1.8 years later, an undisclosed round of $75.0M was announced in May 2023.

1.5 years later, an undisclosed round of $30.0M was announced in Nov 2024.

10 months later, a Series C of $60.0M was announced in Sep 2025.

Cardless Founders and Leadership Team

Name
Role
Contact
Michael Spelfogel
Founder
Scott Kazmierowicz
CEO

No contact details are on record for this team yet.

Cardless Funding Compared to Other Financial Services Startups

Segment
Companies
Median round
29,722
$7.5M
1,814
$58M

Cardless' latest round of $60.0M is above the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.

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Cardless Funding FAQs

What does Cardless do?

We are the leading platform for consumer brands to launch credit card products. Our technology powers credit card programs across sports, travel, and retail, and on multiple card networks.

How much funding has Cardless raised?

Cardless has raised $205M across 4 rounds on record. The most recent is a Series C of $60.0M announced in Sep 2025.

When did Cardless last raise funding?

Cardless' most recent funding round on record is a Series C of $60.0M, announced in Sep 2025.

Who founded Cardless?

FundedIQ lists Michael Spelfogel (Founder) at Cardless.

Who is the CEO of Cardless?

Scott Kazmierowicz is listed as CEO at Cardless.

Where is Cardless headquartered?

Cardless is based in San Francisco, California, United States.

How many employees does Cardless have?

Cardless is in the 11-50 employee band.

How does Cardless' funding compare to other Financial Services startups?

Cardless' latest round of $60.0M is above the $14M median round size for Financial Services companies on FundedIQ across 5,745 tracked companies over the last two years.

About FundedIQ's Cardless Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Cardless is left off this page rather than filled in.

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