Credit card startup Petal picks up $300 mln debt financing

Petal, a credit card startup, has secured $300 million in debt financing from Jefferies. The capital infusion will be used by Petal to expand its card program. Petal's backers include Valar Ventures, Greyhound Capital, Third Prime Capital, Rosecliff Ventures, Story Ventures, RiverPark Ventures and Afore Capital.

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