Petal Acquisition, Valuation, Funding & Investors

Lithic is a New York-based fintech that issues virtual payment cards for businesses and consumers emphasizing data privacy. Its platform enables programmable cards for controlled spending in expense management, rewards, and B2B payments integrated with banking APIs.

FinVolution Group is a provider of online consumer finance in China. The company offers various loan products, making financial services available to borrowers anytime, anywhere; designs a loan transaction process, and offers tailored risk-based pricing. It offers short-term loans to borrowers to meet immediate credit needs while allowing them to gradually establish their credit history through activities on the company's platform. The company generates revenues from fees charged to borrowers. The Group’s long-lived assets are located in the PRC, and its revenues are derived from within the PRC.

NICO Holdings PLC is a Malawi-based financial service company that operates in diversified business. Its segments include Life Insurance and Pension, General Insurance business, Banking business, Investment Holding, Asset Management, and Information Technology. Its general insurance segment offers personal and commercial insurance covering motor vehicle, building, road construction, liability, engineering, professional indemnity, marine hull & cargo, fire, and personal accidents throughout Malawi, Zambia, Tanzania, and Uganda. In contrast, life insurance and pension products including Endowment Assurance are offered in Malawi and Mozambique. The majority of the revenue is earned from the Insurance sector. while its Asset Management and Banking segments only operate in Malawi.

TVS Credit Services is a Chennai-headquartered non-banking financial company under the TVS Group providing loans for two-wheelers, used cars, three-wheelers, tractors, commercial vehicles, and consumer durables primarily to customers in rural and semi-urban India. Launched in 2008, it serves over 2.5 million customers with products tailored for financial inclusion and holds a CRISIL AA-/Stable long-term rating. TVS Credit operates more than 800 branches across 26 states and has received awards like the Flame Award for Excellence in Rural Marketing and Best BFSI Company at ET Now Makers of Developed India Awards 2018.

Standard Chartered Bank Ghana PLC is a banking corporation registered in Ghana. It provides various banking services including personal banking, private banking, and business banking. The company manages its business into three segments namely, Corporate & Investment Banking, Wealth & Retail Banking, Ventures and Central & Other Items. The company's services include savings, loans, mortgages, credit cards, insurance, and investment opportunities for individual customers. It focuses on offering financial solutions to small-medium enterprises, corporates, and financial institutions. Geographically, it operates in Hong Kong, Korea, China, Singapore, UK, and U.S.

Katapult Holdings Inc. is a technology-driven lease-to-own platform that integrates with omni-channel retailers and e-commerce platforms to power the purchase of everyday durable goods for underserved U.S. non-prime consumers. It is an e-commerce-focused FinTech company offering a lease-purchase solution to consumers and enabling essential transactions at the merchant point of sale. Katapult is associated with hundreds of retailers across the United States.

VersaBank is a Schedule I Canadian bank that provides mainly commercial lending and banking services to select niche markets in Canada and the United States. Its products and services include credit assets, deposits, and cybersecurity services through its wholly owned subsidiary. The bank operates through four segments: Digital Banking Canada and Digital Banking USA, both using a business-to-business model with proprietary financial technology to serve underserved markets; DRTC, which provides cybersecurity services and banking and financial technology development; and Digital Meteor, which owns proprietary technology supporting next-generation digital assets, including Real Bank Deposit Tokens (RBDTs). The majority of revenue comes from Digital Banking.

Novo is a Miami-headquartered digital banking platform serving small businesses with fee-free checking accounts, virtual cards, and integrations to QuickBooks and Stripe. Launched in 2018, it partners with Middlesex Federal Savings for FDIC insurance up to $250,000 and operates entirely online without physical branches across the United States.

Green Dot Corp is a financial technology company that provides financial services for consumers in the United States without good banking options. It has three segments Consumer Services, Business to Business Services(B2B), and Money Movement Services. The company generates maximum revenue from B2B segment. Its B2B Services segment consists of revenues and expenses derived from (i) its partnerships with prominent consumer and technology companies that make banking products and services available to their consumers, partners and workforce through integration with its banking platform (the "Banking-as-a-Service", or "BaaS channel"), and (ii) a comprehensive payroll platform that it offers to corporate enterprises (the "Employer channel") to facilitate payments for today’s workforce.

Stashfin is a Mumbai-based fintech platform offering instant personal loans from ₹1,000 to ₹5 lakhs at 21-45% APR over 12-36 months. Regulated by RBI, it also enables investments in SEBI-approved corporate bonds starting at ₹10,000 with up to 15% annual returns and monthly interest. Additional products cover term life, device, and UPI fraud insurance.

Albert is a U.S. fintech company, launched in 2016, that provides a mobile app combining automated savings, budgeting, investing, and access to human financial experts for personalized advice. Additional features include Instant, which offers paycheck advances, aimed at improving the financial wellness of middle-income Americans living paycheck to paycheck. The app has grown to millions of registered users, who have collectively saved hundreds of millions of dollars since its launch.

Tally is a financial automation platform founded in 2015 that manages credit card debt through automated payments. San Francisco-based, it negotiates lower interest rates with issuers like Chase and Citi while optimizing payoff strategies. The app monitors spending and builds savings accounts for users tackling over $10 billion in debt.

World Acceptance Corp operates a small-loan consumer finance business. The company offers short-term small installment loans, medium-term larger installment loans, related credit insurance and ancillary products and services to individuals. It also offers income tax return preparation services to its loan customers and other individuals. The Company operates 1,024 branches in Alabama, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, South Carolina, Texas, Tennessee, Utah, and Wisconsin.

Founded in 1997, Liberty Financial Group is a nonbank lender operating in Australia and New Zealand. Unlike banks, nonbanks are unable to take customer deposits, a privilege exclusive to Authorized deposit-taking institutions, or ADIs. Liberty operates three business segments: residential, secured finance, and financial services. Mortgages make up about 52% of the loan book, with a focus on higher-risk borrowers. Secured finance makes up 41% of loans, including motor finance, commercial property loans, and self-managed superannuation fund loans. The financial services division includes unsecured personal and small and midsize business loans, mortgage broking, and distribution of general and life insurance.

Gojo & Company is a Tokyo-headquartered impact investor enabling financial inclusion by partnering with service providers in 13 countries across Southeast Asia, South Asia, Central Asia, the Caucasus, and Africa.

Propel Holdings Inc is a financial technology (fintech) company, committed to credit inclusion by facilitating fair, fast, and transparent access to credit through its proprietary, online lending platform. All the firm's operations are conducted through its consumer-facing brands: MoneyKey, CreditFresh, and Fora Credit.

Turtlemint is a Mumbai-headquartered online insurance aggregator operating in India. The platform offers car, two-wheeler, health, life, and home policies from 30 insurers including ICICI Lombard and HDFC Ergo. Users input details for personalized comparisons and instant purchases via Aadhaar-linked e-signing. Turtlemint trains 15,000 agents through its advisor network for offline support. Founded in 2015, the company expanded to 500 cities with backing from Bertelsmann India Investments.

WorldRemit is a London-headquartered digital remittance service operating in 130 countries with payouts to 5 billion bank accounts and 500,000 cash pickup points. Founded in 2010, it facilitates transfers via app or website in 70 currencies, serving 5 million customers annually. WorldRemit partners with banks like Santander and mobile wallets in Africa and Asia, emphasizing low fees averaging 0.5 percent and delivery in minutes. The company processed $10 billion in volume in 2023.