Card.com, Los Angles based prepaid debit card provider, has recently raised $3 million in Series A round of funding led by QED Investors. This funding will be used to move further with company's move to make traditional banking obsolete and have fun in mobile banking. It is a move towards providing more customization such as user uploaded art for debit card and other popular brand and cause-based theme.
Card.com is headed and co-founded by Ben Katz and is poised to provide mobile alternative to traditional banking. Apart from this, company also provides customizable prepaid debit card that can be used across all VISA enabled merchant outlets and POS. Moreover they can be used at more than 20,000+ ATM's across the country. Company is providing money management alternative and is revolutionizing personal finance by creating such fun loving financial products. Company also provides i-phone app and android app that can be used for free direct deposit and check deposit.
Card.com's latest funding was led by QED Investors apart from internal investors Resolute Ventures and Anthem Ventures. Company has now raised a total of $4.7 million from investors.
With increasing trend towards prepaid card and companies like American Express, Wal-mart launching their prepaid card, Card.com has a long list of big competitors to tackle from. These prepaid card, unlike gift cards, have fully featured security features giving customers hassle free experience of shopping. Card.com is also providing its cards as FDIC insured cards. Cash can be loaded via paypal, western union and such. This is a unique experience that company is trying to create.!!!
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