Power: Funding, Investors & Team (Oct 2026)
Power is the first credit card issuer built on modern tech, from the ground up. Our cloud-native platform is tailored to meet the needs of high-growth brands who use Power, providing them solutions that have not been supported in the past. Power was founded by Randy Fernando and Andrew Dust, and is backed by Anthemis, Fin Capital, Financial Venture Studio, CRV, Dash Fund, Plug and Play and others. For more information visit www.usepower.com.
Power has raised $300M across 1 funding round on record, the most recent a Debt Financing of $300M announced in Sep 2022.
That round is above the $15M median round size for Financial Services companies tracked on FundedIQ over the last two years.
Power Company Profile and Key Stats
Latest funding round on record: Sep 2022.
Power Funding Rounds
Power Founders and Leadership Team
Contact details for the Power team: 1 of 1 has an email address on file.
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Power's latest round of $300M is above the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.
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Power Funding FAQs
What does Power do?
Power is the first credit card issuer built on modern tech, from the ground up. Our cloud-native platform is tailored to meet the needs of high-growth brands who use Power, providing them solutions that have not been supported in the past. Power was founded by Randy Fernando and Andrew Dust, and is backed by Anthemis, Fin Capital, Financial Venture Studio, CRV, Dash Fund, Plug and Play and others. For more information visit www.usepower.com.
How much funding has Power raised?
Power has raised $300M across 1 round on record. The most recent is a Debt Financing of $300M announced in Sep 2022.
When did Power last raise funding?
Power's most recent funding round on record is a Debt Financing of $300M, announced in Sep 2022.
Who is the CEO of Power?
Randy Fernando is listed as CEO at Power.
Where is Power headquartered?
Power is based in New York, United States.
How many employees does Power have?
Power is in the 11-50 employee band.
How does Power's funding compare to other Financial Services startups?
Power's latest round of $300M is above the $15M median round size for Financial Services companies on FundedIQ across 5,751 tracked companies over the last two years.
About FundedIQ's Power 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 Power is left off this page rather than filled in.
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