Cardworks

Company

Investment-firm

Last deal

Amount

Private Equity

Stage

15.02.2022

Date

2

all rounds

General

About Company
CardWorks is a consumer lender, merchant acquiring bank, and loan servicer.

Industry

Sector :

Subsector :

founded date

01.01.1987

Number of employees

Last funding type

Private Equity

IPO status

Private

Description

CardWorks provides a range of services including servicing nationally-branded Visa®/Mastercard® cards, secured cards, and unsecured installment loans. They also offer post-charge-off debt recovery services through their subsidiary Carson Smithfield. Despite an initial acquisition agreement with Ally Financial for $2.65B, the deal was called off due to the structure of the agreement and a decline in Ally's stock price. CardWorks is known for their expertise in credit card servicing and other unique card products, serving millions of consumer accounts. They prioritize compliance and utilize data and technology to enhance their people-centric operations.
Contacts