Private Markets, Angel and Secondary Investing, Sacra

Sacra

Private Markets, Angel and Secondary Investing

Bringing transparency to private markets so investors, founders, and employees can build on conviction. Sacra delivers deeply researched insights on the private companies shaping tomorrow's markets. By surfacing the data, context, and operator perspective that are missing from private markets today, we help secondary buyers and sellers price equity accurately and unlock liquidity for the people building these businesses.

Private Capital Markets

<ul><li>Sacra estimates that Cardless hit $15M in annualized revenue in June 2025, following a pivot from early sports-team programs to broader co-branded cards with partners like Coinbase and Bilt.</li><li>Cardless raised $60 million in a Series C in September 2025 led by Spark Capital, bringing total funding to more than $170 million.</li><li>Cardless operates as a B2B2C platform that monetizes through multiple revenue streams tied to credit card program performance.</li></ul>

Sacra estimates that Cardless hit $15M in annualized revenue in June 2025, following a pivot from early sports-team programs to broader co-branded cards with partners like Coinbase and Bilt.Cardless raised $60 million in a Series C in September 2025 led by Spark Capital, bringing total funding to more than $170 million.Cardless operates as a B2B2C platform that monetizes through multiple revenue streams tied to credit card program performance.

<ul><li>Sacra estimates that Bilt generated $500M in revenue in 2025, up 67% YoY from $300M in 2024.</li><li>Management projected the company would cross $1B in revenue by Q1 2026.</li><li>Bilt raised $250M in a round led by General Catalyst and GID, with UWM investing $100M as part of its mortgage partnership.</li></ul>

Sacra estimates that Bilt generated $500M in revenue in 2025, up 67% YoY from $300M in 2024.Management projected the company would cross $1B in revenue by Q1 2026.Bilt raised $250M in a round led by General Catalyst and GID, with UWM investing $100M as part of its mortgage partnership.

<ul><li>Sacra estimates that Imprint generated $70M in revenue in 2024, up 367% from $15M in 2023.</li><li>Imprint raised $150 million in a Series D round led by Khosla Ventures in December 2025, valuing the company at $1.2 billion and achieving unicorn status.</li><li>Imprint enables consumer brands to launch customized co-branded Visa and Mastercard credit card programs in as little as three months.</li></ul>

Sacra estimates that Imprint generated $70M in revenue in 2024, up 367% from $15M in 2023.Imprint raised $150 million in a Series D round led by Khosla Ventures in December 2025, valuing the company at $1.2 billion and achieving unicorn status.Imprint enables consumer brands to launch customized co-branded Visa and Mastercard credit card programs in as little as three months.

<ul><li>Lithic raised $60 million in Series C funding on July 28, 2021, led by Stripes.</li><li>The Commercial Revolving Credit API launched in December 2024 enables customers to issue true revolving balance credit cards.</li><li>The solopreneurs and gig economy segment includes approximately 33 million workers in the U.S. who need business financial tools.</li></ul>

Lithic raised $60 million in Series C funding on July 28, 2021, led by Stripes.The Commercial Revolving Credit API launched in December 2024 enables customers to issue true revolving balance credit cards.The solopreneurs and gig economy segment includes approximately 33 million workers in the U.S. who need business financial tools.

<ul><li>Rain raised $58 million in August 2025 in a Series B led by Sapphire Ventures, bringing total funding to $88.5 million.</li><li>Rain supports multiple stablecoins including USDC, USDT, DAI, and PYUSD across various blockchain networks like Ethereum, Polygon, Base, Solana, and Stellar.</li><li>Rain operates in over 100 countries and is using its Series A funding to expand compliance capabilities in high-growth regions like Latin America and the Middle East.</li></ul>

Rain raised $58 million in August 2025 in a Series B led by Sapphire Ventures, bringing total funding to $88.5 million.Rain supports multiple stablecoins including USDC, USDT, DAI, and PYUSD across various blockchain networks like Ethereum, Polygon, Base, Solana, and Stellar.Rain operates in over 100 countries and is using its Series A funding to expand compliance capabilities in high-growth regions like Latin America and the Middle East.

United States

Platform enabling brands to launch co-branded credit cards with integrated digital experiences and rewards

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Cardless (CARDLESS US)

Primer: Cardless - 15 Jun 2026

Platform enabling brands to launch co-branded credit cards with integrated digital experiences and rewards

Sacra

Primer: Bilt - 19 Apr 2026

Payments and commerce network enabling users to earn rewards on rent and neighborhood spending

Sacra

Primer: Imprint - 17 Feb 2026

Co-branded credit card platform for brands to offer customized rewards programs

Sacra

Primer: Lithic - 27 Jan 2026

API-based platform for developers to issue and manage virtual and physical payment cards

Sacra

Primer: Rain - 28 Aug 2025

Corporate card and expense software backed by self-custodied stablecoin collateral

Sacra

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)