FinovateSpring 2023 / Deserve
Presenter Profile:
How they describe themselves: Deserve has deep experience in card issuance for digital-first credit cards that we gained through operating multiple card programs. Our platform offers FIs a modern credit card platform to provide superior mobile-first cardholder experiences built on cloud-native and API-enabled architecture.
Our fully-configurable platform offers cutting-edge card issuing, processing, and underwriting technologies for credit card programs that drive top-of-wallet, reduce fraud, and speed to market over legacy providers.
How they describe their product/innovation: Deserve is a mobile-first credit card platform that offers FIs configurable card management, processing, and mobile app/sdk. The platform has a full range of features and optional managed services covering everything from origination and underwriting to card management and rewards. The platform provides visibility and control for issuer operations with a Command Center that includes real-time data and insights and easily configures compliance, credit, finance, InfoSec, and disputes.
Product distribution strategy: Direct to Business (B2B)
Contacts:
Bus. Dev.: Kevin Hollingsworth (VP of Financial Institutions), kevin.hollingsworth@deserve.com
Press: Jeanette Yoder (VP of Marketing), jeanette.yoder@deserve.com
Website: deserve.com
LinkedIn: linkedin.com/company/deservecards
Twitter: @DeserveCards
HQ: Palo Alto, CA, USA
Founded: March 2013
Product Demoed: Deserve’s configurable consumer and business credit card platform
Metrics: Total Investment: $160M, Annual revenue: $14M, Headcount (Dec. 2022): ~200
Presenters: Rajan Annadurai, CTO | Shiv Bhatt, Head of Product
- Key Executives
Kalpesh Kapdia (Co-Founder & CEO), Sweta Sarnot (CFO), Rajan Annadurai (CTO), Michelle Yee (Chief Business Development Officer), Matthew Wright (Chief Compliance Officer), Henric Andersson (Chief Information Security Officer), Shiv Bhatt (Head of Product), Alan Tidewell (Head of People Ops)
Key Stats
- Key Board Members
Theresia Gouw, Saurabh Mittal, Blake Modersitzki
- Key Investors
Accel, Ally Ventures, Alumni Ventures Group, Aspect Ventures, Goldman Sachs Asset Management, Pelion Venture Partners, Sallie Mae, Mastercard, Mission Holdings, Visa
- Key Advisory Board Members
Theresia Gouw, Saurabh Mittal, Blake Modersitzki
- Key Partners
AMC, Rocket Companies, Sallie Mae, M1, Select, PerPay
- Key Customers
AMC, Rocket Companies, Sallie Mae, M1, Select, PerPay