When was Power founded?

Power was founded in 2021 and raised its 1st funding round 1 year after it was founded.

Where is Power located?

Power is headquartered in Chicago, United States.

How many employees does Power have?

As of May 31, 2026, the latest employee count at Power is 93.

Is Power a funded company?

Power is a funded company, having raised a total of $16.1M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Sep 14, 2022.

When was the latest funding round of Power?

Power's latest funding was a $***** Conventional Debt round on Sep 14, 2022, with participation from 0 investor.

Where does Power rank among its competitors?

Power ranks 13th amongst 43 active competitors, of which 16 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was VegaPay, which secured $3.96M in Jul, 2026.

Who are the top competitors of Power?

Power's top competitors include Cardless, Deserve and VegaPay. Among them, VegaPay secured the most recent funding round in July, 2026.

Power - 2026 Company Profile, Funding & Competitors

Q: Is Power an acquired company?

Power got acquired by Marqeta on Jan 30, 2023.

Company Details

Platform offering credit card solutions for digital brands. The platform offers personalized product experiences and targeted marketing for the customers. It helps brands to build, launch, and scale finance experiences for loyal customers. It offers a credit card program, tailored loyalty & rewards, shopper insights, and more.

Website: usepower.com
Email ID: *****@usepower.com

Key Metrics

Founded Year

2021

Location

Chicago, United States

Stage

Acquired

Total Funding

$16.1M in 2 rounds

Latest Funding Round

Conventional Debt, Sep 14, 2022, $*****

Investors

Anthemis Group & 12 more

Ranked

13^th among 43 active competitors

Employee Count

93 as on May 31, 2026

Similar Companies

Deserve & 15 more

Exit Details

Acquired by Marqeta (Jan 30, 2023)

View Power's full profile

Power is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
POWER FINANCE INC. CIN: 86-2496687 , United States, Active	Mar 01, 2021	-	15 (As on Dec 31, 2022)	-

Power got acquired by Marqeta on Jan 30, 2023 at an acquisition amount of $*****.

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

Power has raised a total funding of $16.1M over 2 rounds. Its first funding round was on Sep 14, 2022. Power has 9 institutional investors and 4 angel investors.

Here is the list of recent funding rounds of Power:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 14, 2022	4891658	Conventional Debt	9668522	3961337	1671270	8910925
Sep 14, 2022	1299613	Seed	6696797	1097467	Amy Nauiokas & 3 more	CRV & 4 more

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View details of Power's funding rounds and investors

Power's employee count trend

Power has 93 employees as of May 26. Here is Power's employee count trend over the years:

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Top competitors of Power include Cardless, Deserve and VegaPay. Here is the list of Top 10 competitors of Power, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Cardless 2019, San Francisco (United States), Series C	Credit cards for consumers	$150M	Activant Capital, Spark Capital & 19 others	72/100
2nd	Deserve 2013, Murray (United States), Acquired	Credit builder cards for consumers	$145M	Goldman Sachs Investment Partners, Mastercard ... & 21 others	68/100
3rd	VegaPay 2022, Mumbai (India), Series A	Provider of technology to build and launch banking and credit products	$10.6M	Elevation Capital, DSP Mutual Fund & 17 others	65/100
4th	Credit Saison 1951, Tokyo (Japan), Public	Provider of credit cards and related financial services	-	-	65/100
5th	Episode Six 2015, Austin (United States), Series C	Developer of cloud native card issuing and ledger infrastructure software	$85M	HSBC, Mastercard & 4 others	64/100
6th	Spense 2022, Bengaluru (India), Seed	Provider of APIs and SDKs for fintech and digital banking	$5M	GrowthCap Ventures, Arkam Ventures & 27 others	59/100
7th	Brim Financial 2017, Toronto (Canada), Series C	NFC-enabled credit card payment solution for individuals	$102M	EPIC Ventures, Export Development Canada & 7 others	58/100
8th	42 Card Solutions 2020, Bengaluru (India), Seed	Credit card solution provider for banks and other regulated financial institutions	$8.16M	Beenext, SIG Venture Capital & 9 others	52/100
9th	Euronet Communications BV 1994, Public	Provider of electronic payment processing and cross border transaction services	-	Euroventures, Innova Capital & 1 others	51/100
10th	AIR MILES 1992, Scarborough (Canada), Acquired	Provider of white-labeled credit cards for consumers	-	-	49/100
13th	Power 2021, Chicago (United States), Acquired	Platform offering credit card solution for digital brands	$16.1M	Restive, Plug and Play Tech Center & 11 others	45/100