“Petal, a new kind of credit card company created to help people build credit and spend responsibly, announced today that it has raised a $55 million Series C round of funding. This new funding will enable Petal to double down on its mission to help more people access honest, simple, and responsible credit. This mission matters even more in the COVID-19 era, when credit has become much harder to obtain—particularly for people with low scores or with no previous credit history.”