Banking Infra Provider CARD91 Bags $13 Mn From Infinity, Point72 Ventures
Summary
Founded in 2020 by Vineet Saxena, Ajay Pandey and Kush Srivastava, CARD91 offers a plug and play payment issuance infrastructure that helps businesses and banks launch co-branded cards. For businesses, CARD91 has a card issuance platform that manages payment flows from customer onboarding to transaction processing to data reconciliation. CARD91 clients are in the lending space, agritech, edtech, fintech ventures that intend to launch their own card programs for their customers. The prime factor attributed to ongoing proliferation of the B2B ecommerce market as well as surge in adoption of financial technology. In the burgeoning card and other fintech infra market, CARD91 competes with the likes of M2P, which enables 200+ businesses to embed financial products in their customer journeys in partnership with banks, and other institutions.