Thursday, December 5, 2013

CARD.com Raises $3M For Prepaid Debit Cards

Los Angeles continues to be a hotbed for new, finance-related startups this morning, as Santa Monica-based CARD.com announced it has raised $3M in a Series A funding. According to CARD.com, it is offering up prepaid debit cards aimed at providing a mobile alternative to traditional banking. The Series A funding was led by QED Investors, and also included Resolute Ventures, Anthem Ventures, and angels such as Adam Press and Greg Steiner (BeachMint, eHarmony). The company said it has now raised $4.7M in funding.

CARD.com offers up its prepaid debit cards and associated Android and iPhone apps, and has a number of partnerships with brands and causes for custom branding of those cards. The company has partnerships with such partners as Star Trek, The Walking Dead, Care Bears and the National Autism Association. The company said the new funds will go towards such things as supporting user-uploaded photos for their debit cards, a credit card, and expansion to more brands.

CARD.com is headed by Ben Katz, who formerly had worked for Green Dot and PayNearMe.

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