Power, the FinTech startup with ambitions to “reshape global commerce”, has teased early progress as they emerge from stealth.
The move follows $16.1 million in seed funding and a $300 million credit facility.
The company was founded to build modern financial infrastructure and started by launching a full-stack credit card issuance platform.
Power says as leading enterprises across consumer, commercial, and banking categories look to deepen customer engagement and brand loyalty, it provides the infrastructure for these companies to offer FinTech experiences which are fully embedded within their digital properties.
Randy Fernando, founder and chief executive of Power, commented: "After just over twelve months, Power is already live in the market and on track to issue thousands of credit cards this year.”
He added: "Looking ahead to next year, we plan to issue tens of thousands of cards across consumer, commercial and banking categories and process millions of dollars in transaction volume."
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