Kard
Rewards infrastructure for card issuers.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor | €0.0 | round |
| N/A | €0.0 | round | |
* | $23.0m | Series A | |
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 154 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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In 2015, Ben Mackinnon founded Kard with a vision to transform the landscape of customer loyalty programs. As the sole founder, Ben embarked on a journey to create a rewards-as-a-service API platform that empowers partners, from neobanks to financial institutions, to offer tailored rewards to their customers.
Kard's innovative approach quickly gained traction, leading to a significant milestone in April 2022 when the company raised $23 million in a Series A funding round. This funding, supported by prominent investors like Underscore VC and Tiger Global Management, was pivotal in expanding Kard's merchant network and enhancing its product suite.
The company's journey took another major turn in October 2024 when Kard was acquired by THK, marking a new chapter in its evolution. This acquisition underscored Kard's impact in the fintech space and its potential for further growth under THK's umbrella.
Today, Kard stands as a testament to the power of innovation in the financial technology sector, continuing to redefine how businesses engage with their customers through effective loyalty programs.