When was CardWorks founded?

CardWorks was founded in 1987 and raised its 1st funding round 35 years after it was founded.

Where is CardWorks located?

CardWorks is headquartered in Woodbury, United States. It is registered at Woodbury, New York.

How many employees does CardWorks have?

As of May 31, 2026, the latest employee count at CardWorks is 1239.

Is CardWorks a funded company?

CardWorks is a funded company, having raised a total of $***** in its 1st and only funding round, a PE round on Feb 15, 2022.

When was the latest funding round of CardWorks?

CardWorks' latest funding was a $***** PE round on Feb 15, 2022, with participation from 1 investor.

Where does CardWorks rank among its competitors?

CardWorks ranks 73rd amongst 1013 active competitors, of which 87 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Tide, which secured an undisclosed amount in Sep, 2025.

Who are the top competitors of CardWorks?

CardWorks' top competitors include Brex, Monzo and Tide. Among them, Tide secured the most recent funding round in September, 2025.

CardWorks - 2026 Company Profile, Team, Funding & Competitors

Q: Is CardWorks an acquired company?

CardWorks got acquired by Ally on Feb 18, 2020.

CardWorks is an acquired company based in Woodbury (United States), founded in 1987 by Don Berman. It operates as a Provider of compliant servicing and asset management services. CardWorks has raised an undisclosed amount in funding. The company has 1013 active competitors, including 87 funded and 49 that have exited. Its top competitors include companies like Brex, Monzo and Tide.

Company Details

Website: cardworks.com/what-we-do/
Social
Phone Number: +1 **********
Registered Address: Woodbury, New York

Key Metrics

Founded Year

1987

Location

Woodbury, United States

Stage

Acquired

Latest Funding Round

PE, Feb 15, 2022, $*****

Investors

Reverence Capital Partners & 2 more

Ranked

73^rd among 1013 active competitors

Employee Count

1,239 as on May 31, 2026

Investment & Acquisitions

Spring Labs

Similar Companies

Sumitomo Mitsui Banking Corporation & 14 more

Exit Details

Acquired by Ally (Feb 18, 2020)

View CardWorks' full profile

CardWorks is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
CARDWORKS, INC. CIN: 113604755 , United States, Active	Dec 31, 1999	-	2536 (As on Dec 31, 2024)	-

CardWorks got acquired by Ally on Feb 18, 2020 at an acquisition amount of $*****.

Click here to take a look at CardWorks's acquisition in detail

CardWorks has raised funding over 1 round. Its latest funding round was a PE round on Feb 15, 2022 for $*****. 1 investor participated in its latest round. CardWorks has 3 institutional investors.

Here is the list of recent funding rounds of CardWorks:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 15, 2022	1359625	PE	5420205	8203043	2963129	9688162

Access funding benchmarks and valuations. Sign up today!

View details of CardWorks's funding rounds and investors

The founders of CardWorks is Don Berman.

Here are the details of CardWorks' key team members:

Don Berman: Founder & CEO of CardWorks.

View details of CardWorks's Founder profiles and Board Members

CardWorks' employee count trend

CardWorks has 1,239 employees as of May 26. Here is CardWorks's employee count trend over the years:

Uncover CardWorks' growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of CardWorks include Brex, Monzo and Tide. Here is the list of Top 10 competitors of CardWorks, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Brex 2017, Draper (United States), Acquired	Provider of financial software platform, cards, banking, expense, and accounting	$1.2B	DST Global, Greenoaks & 63 others	85/100
2nd	Monzo 2015, United Kingdom, Series I	Provider of digital banking services including savings accounts and loans	$1.81B	General Catalyst, Passion Capital & 63 others	84/100
3rd	Tide 2015, London (United Kingdom), Series C	Provider of digital business banking accounts and financial management tools	$181M	Augmentum Fintech, SBI Investment & 48 others	83/100
4th	Revolut 2015, London (United Kingdom), Series E	Provider of banking solutions for retail customers and businesses	$1.99B	Balderton Capital, TCV & 139 others	83/100
5th	Mercury 2017, San Francisco (United States), Series C	Provider of business banking, cards, expense management, and payment solutions	$346M	Sequoia Capital, Coatue & 54 others	82/100
6th	Ally 1919, Detroit (United States), Public	Provider of banking, auto finance, investing, and life insurance products	$1.3B	Cerberus Capital Management, Omega Advisors ... & 3 others	81/100
7th	Dave 2016, Los Angeles (United States), Public	Developer of a mobile banking application offering financial management tools	$63.6M	Norwest, Financial Solutions Lab & 18 others	81/100
8th	BlueVine 2013, Redwood City (United States), Series F	Provider of business checking accounts, business loans, and business credit cards	$288M	Lightspeed Venture Partners, 83NORTH & 28 others	80/100
9th	Chime 2012, San Francisco (United States), Public	Digital bank for individuals	$3.15B	DST Global, Access Industries & 54 others	80/100
10th	Green Dot 1999, Pasadena (United States), Acquired	Provider of mobile banking services, debit cards, and related financial products	$109M	TCV, Millennium Technology Value Partners ... & 6 others	78/100
73rd	CardWorks 1987, Woodbury (United States), Acquired	Provider of compliant servicing and asset management services	-	Reverence Capital Partners, Parthenon Capital ... & 1 others	47/100