deservecards.comFinTech / LendingFounded: 2013Funding to Date: $561.48MM
Deserve is an all-in-one platform businesses utilize to develop credit card offerings. Each offering has its own unique look, rewards structure, and underwriting criteria and can be built by Deserve's fintech APIs. Deserve was founded in 2013 by Kalpesh Kapadia and Michael Hallinan and is headquartered in Murray, UT.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
04/05/2023 | Series E-1 | $39.38MM | $xx.xx | $240.73MM | -- | |
Price per Share
$xx.xx
Shares Outstanding
21,643,409
Liquidation Pref Order
1
Liquidation Pref As Multiplier
2.0x
Conversion Ratio
1.0x
Dividend Rate
5.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
--
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04/05/2023 | Series E | $18.38MM | $xx.xx | $240.73MM | -- | |
Price per Share
$xx.xx
Shares Outstanding
9,093,632
Liquidation Pref Order
1
Liquidation Pref As Multiplier
2.0x
Conversion Ratio
1.0x
Dividend Rate
5.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
--
|
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06/24/2021 | Series DD-1 | $8.01MM | $xx.xx | $517.17MM | Ally Ventures, Goldman Sachs, Mastercard, Mission Holdings, Sallie Mae | |
Price per Share
$xx.xx
Shares Outstanding
1,336,157
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.2x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Ally Ventures, Goldman Sachs, Mastercard, Mission Holdings, Sallie Mae
|
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06/24/2021 | Series DD | $41.99MM | $xx.xx | $517.17MM | Ally Ventures, Goldman Sachs, Mastercard, Mission Holdings, Sallie Mae | |
Price per Share
$xx.xx
Shares Outstanding
6,300,906
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.3x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Ally Ventures, Goldman Sachs, Mastercard, Mission Holdings, Sallie Mae
|
||||||
11/04/2019 | Series CC | $50MM | $xx.xx | $217.64MM | Accel, Aspect Ventures, Goldman Sachs, Mission Holdings, Pelion Venture Partners, Sallie Mae | |
Price per Share
$xx.xx
Shares Outstanding
15,907,350
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.1x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Accel, Aspect Ventures, Goldman Sachs, Mission Holdings, Pelion Venture Partners, Sallie Mae
|
||||||
10/24/2017 | Series BB | $19.09MM | $xx.xx | $100.19MM | Accel, Alumni Venture Group, Aspect Ventures, Gdp Venture, Mission Holdings, Pelion Ventures | |
Price per Share
$xx.xx
Shares Outstanding
9,542,990
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
5.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Accel, Alumni Venture Group, Aspect Ventures, Gdp Venture, Mission Holdings, Pelion Ventures
|
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08/24/2016 | Series AA-2 | $19.82MM | $xx.xx | $55.23MM | Accel Partners, Aspect Ventures, Pelion Venture Partners | |
Price per Share
$xx.xx
Shares Outstanding
13,559,406
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
5.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Accel Partners, Aspect Ventures, Pelion Venture Partners
|
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06/18/2015 | Series AA | $8.26MM | $xx.xx | $18.36MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
7,223,724
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
5.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|