Fintech startup Power flexes its credit card muscle following $316M equity, debt injection

Power, a fintech infrastructure startup, is now kicking off its full-stack credit card issuance platform after a year in stealth mode and with $16.1 million in seed funding and $300 million in a credit facility.
The New York–based company’s seed round was led by Anthemis and Fin Capital and included CRV, Financial Venture Studio, Dash Fund, Plug & Play and a group of angel investors.
CEO Randy Fernando and co-founder Andrew Dust started Power a year ago after meeting at Acorns. Prior to Acorns, Fernando was founder and CEO at Vault, which was acquired by Acorns and was a Disrupt Battlefiel

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