The problem
Launching a card program on decades-old mainframe processors is slow, rigid and hard to control
What they do
Card issuer processing APIs to launch debit, credit and prepaid card programs
Traction 100+ fintech clients; expects ~$30B card purchase volume in 2026 (Nilson)
Hiring trend
- Open roles
- 11
- Ops roles
- 4
- Headcount
- ~190-200
Headcount -4.7% YoY (~189, Revelio Mar 2026); 11 open roles vs 16-20 postings in 2025-26
Hiring in
- New York
- San Francisco
- Remote
Latest news
Aug 2026
Partnered with Exodus-owned Monavate to power fiat and stablecoin card programs ↗Glassdoor
3.4 ★ 27 reviews ↗Funding
- Last round
- $60M
- Stage
- Series C
- Date
- Jul 2021
Led by Stripes (Series C); Bessemer led Series B
- Hiring+1.511 open roles on the live job board (10–29 roles = +1.5)
- Funding recency0Series C · $60M, Jul 2021 (63 months ago): over 24 months = 0
- Traction+0.75Some growth: 100+ fintech clients; expects ~$30B card purchase volume in 2026 (Nilson)
- Red flags0None found in the last 24 months
- Total2.251.5 + 0 + 0.75 − 0 = 2.25 → Steady (1.5–3.49)
Distance (10K) is a separate read on how long the lead can last. It doesn't change the score.
Distance
10K · edge: hard to leave
A credible modern processor with real lock-in, but a distant follower to Marqeta and up against Stripe Issuing, Galileo and Highnote, with no new capital since 2021 and a slightly shrinking team.
Sources: Nilson Report: 100+ fintechs, ~$30B purchase volume expected 2026 ↗ · Revelio Labs: headcount 189, -4.7% YoY (Mar 2026) ↗ · Sacra: $115.4M raised, last round Series C Jul 2021 ↗
Last checked Oct 25, 2026