Coinbase credit card partner Cardless completes $60 million in financing, led by Spark Capital

Odaily Planet Daily reports that Cardless, a startup specializing in co-branded credit cards, has secured $60 million in funding led by Spark Capital, with participation from Activant Capital, Industry Ventures, and Pear VC. The new capital will be used to expand functionality and develop projects with prominent brand clients, with some funding earmarked for partnerships with Coinbase Global Inc. and Bilt Rewards. In June of this year, Cardless launched its embedded credit card platform, which Coinbase leveraged to develop and issue the "Coinbase One Card." (Bloomberg)