Coinbase Card Partner Cardless Completes $60M Funding Round, Led by Spark Capital

BlockBeats News, September 22nd, according to Bloomberg, Cardless, a startup focused on co-branded credit cards, has completed a $60 million financing round. The new funding will be used to enhance features, collaborate with well-known brand partners on development projects, and some will be used for partnerships with Coinbase Global Inc. and Bilt Rewards. This round of financing was led by Spark Capital, with participation from Activant Capital, Industry Ventures, and Pear VC.

It is worth noting that Cardless and Coinbase have a strategic partnership, with Coinbase being its first partner. In June of this year, Cardless launched an embedded credit card platform, which Coinbase utilized to develop and issue the "Coinbase One Card".