Overview

• Total funding rises above $170 million, with participation from Activant Capital, Industry Ventures and Pear VC.
• The company reports 10x year-over-year revenue growth and a 400% increase in transactions driven by programs with Coinbase and Bilt.
• Cardless powers Coinbase’s co-branded card with up to 4% bitcoin rewards and is providing infrastructure for Bilt’s relaunch following its Wells Fargo partnership ending.
• The platform manages underwriting, compliance and servicing for brands, enabling card launches in roughly 90 days versus about 18 months with legacy banks.
• Cardless plans to expand programs and partnerships with the new capital, targeting $150 million in annualized revenue by Q2 2026 and projecting profitability by the end of 2026.