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Imprint raises $130 million at about $1.9 billion valuation, CEO says

Imprint CEO Daragh Murphy told Upstarts Media the co-branded card startup raised $130 million at a $1.88 billion valuation; Techmeme summarized the round as led by Khosla Ventures.

Imprint, a New York-area fintech that builds co-branded credit cards and loyalty programs for retailers and other brands, has raised $130 million at a $1.88 billion valuation, chief executive Daragh Murphy told Upstarts Media, according to a report published Wednesday2.

That figure is up from a previous valuation of $1.2 billion, Murphy told Upstarts2. Techmeme, summarizing the same report, described the round as about $1.9 billion and said it was led by Khosla Ventures1. The free portion of the Upstarts article does not call Khosla the lead; it says Positive Sum, co-founded by Patrick O'Shaughnessy, is joining existing investors including Ribbit, Thrive, Kleiner Perkins and Khosla Ventures2.

Murphy told Upstarts the company now has more than two million cardholders, compared with about 15,000 when he was quoted three years earlier, and expects about $400 million in GAAP revenue this year, up 150 percent, with head-count growth of about 30 percent2. Those operating figures are the company's, as told to Upstarts2.

Upstarts said Imprint has added Albertsons, Kroger and Shell after an earlier H-E-B program, and displayed a Fanatics co-branded card2. Much of the article sits behind a paywall; independent confirmation of the close, lead investor and financials was not in the free text2.

Sources

  1. TechmemeImprint, which helps companies offer co-branded credit cards and manage loyalty programs, raised $130M led by Khosla Ventures at a ~$1.9B valuation (Alex Konrad/Upstarts Media)
  2. Upstarts MediaThe $1.9B Credit Card Startup Quietly Solving Loyalty For Big Retailers

How it’s being reported

2 sources