Credit card start - up Petal has raised $ 13 million in a series A funding round for its alternative to credit scoring . Petal uses cashflow tracking technology for real - time analysis of a consumer 's digital financial system . It aims to make safe and affordable credit accessible to everyone , including those historically underserved by the financial services industry . The funding round was led by Peter ##card 's Valar Ventures .
Credit card start-up Petal has raised $13m in a series A funding round for its alternative to credit scoring. Petal uses cashflow underwriting technology for real-time analysis of a consumer's digital financial record. It aims to make safe and affordable credit accessible to everyone, including those historically underserved by the financial services industry. The funding round was led by Peter Thiel's Valar Ventures.