Petal nets $300 million, plus more top funding news for New York-based companies

New York-based credit cards company Petal has secured $300 million in debt financing, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced Sept. 18 and financed by Jefferies.

According to its Crunchbase profile, "Petal is a new kind of credit card company on a mission to make credit honest, simple and accessible. The company uses machine learning to analyze customers' full digital financial record — not just their credit score."

The three-year-old startup has raised six previous funding rounds, including a convertible note round earlier this year.

The round brings total funding raised by New York companies in payments over the past month to $317 million. The local payments industry has produced 54 funding rounds over the past year, raking in a total of $752 million in venture funding.

In other local funding news, point of sale company TouchBistro announced a $118 million Series E funding round on Sept. 18, led by OMERS Growth Equity.

According to Crunchbase, "TouchBistro is an iPad-based restaurant point-of-sale system enabling owners to manage reservations and take orders instantly. Instead of servers repeatedly moving between customers and terminals for order management, servers can remain with customers and instantly submit orders to the kitchen and bar."

Founded in 2010, the company has raised six previous rounds, including a $70 million Series D round in 2018.

Meanwhile, fraud detection company Alloy raised $12 million in Series A funding, announced on Sept. 17. The round was financed by Bessemer Venture Partners.

From the company's Crunchbase profile: "Alloy is an API for regulated companies to collect and manage customer data from many different sources. It also engages in helping financial institutions and fintech companies solve identity and compliance problems."

Alloy last raised $3.8 million in seed funding in 2017.

Also of note, communities company Voro raised $2.5 million in seed funding, announced on Sept. 19.

From Crunchbase: "Voro's mission is to help people find medical care they can trust. People use Voro to share doctor recommendations and health advice with their friends and communities."

The company previously raised angel funding in 2017.

Rounding out the city's recent top local funding events, digital marketing and brand marketing company OpenSlate raised corporate round funding, announced on Sept. 18 and financed by Nielsen.

From Crunchbase: "OpenSlate is the premier global source of brand safety and contextual analytics for digital video content. Founded in 2012 by CEO Mike Henry, OpenSlate is the only company that can comprehensively measure the brand suitability of digital content for advertisers and also identify the most effective content for their campaigns."

The company previously raised $5 million in debt financing funding in 2018.

This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.