CreditStacks To Rebrand as Jasper, Secures up to $110 Million in Growth Financing to Build Customer Trust in Credit Cards and Revolutionize the Credit Experience

San Francisco, CA - CreditStacks, a revolutionary fintech company that provides underserved prime, new-to-credit consumer customers with access to premium credit cards in the U.S, announced today at Web Summit in Lisbon, Portugal that it will be rebranding in Q1 of 2020 as Jasper, having just secured up to $110 million in growth financing. This growth financing will help the company aggressively expand its sales and marketing efforts as well as broaden and accelerate product development. 


“We couldn’t find a credit card company that could meet our needs, so we started our own,” said Elnor Rozenrot, CEO and Co-Founder of CreditStacks. Initially launched in 2015 in partnership with and issued by First Century Bank, N.A., the CreditStacks Mastercard was designed from the ground up to address three major stumbling blocks in the U.S. credit industry that prevent many consumers from building and maintaining good credit:


  • Lack of transparency. “We see a real transparency issue between the U.S. credit industry and many of their customers,” said Rozenrot. CreditStacks tackles this challenge head on. “I believe we are one of the first platforms that has designed a credit card product with a bank with a business model that is aligned with our customers’ interests. Simply put, this credit card does not make most of its money from debt interest.” said Rozenrot.


  • The entry problem. “Many U.S. credit card companies refuse to issue a credit card to someone simply because they have no credit history. CreditStacks’ behavioral risk models support the bank in identifying customers with limited-to-no financial history in the U.S. with potential prime credit characteristics, and the bank then issues them a premium credit card as soon as they enter the credit market.” said Rozenrot.


  • Level of complexity. The U.S. credit system can be hard to navigate, leading many consumers to make costly credit errors. “The CreditStacks Mastercard is a credit-building partner that brings ‘set it and forget it’ simplicity to building good credit.” said Rozenrot.


For customers, the CreditStacks Mastercard is differentiated from other U.S. credit card offerings in several ways:


  • No U.S. credit history¹ required to apply

  • High credit limits, low interest rates, no annual fees³   

  • All the benefits of a premium Mastercard

  • An intuitive experience that includes personalized, real-time financial advice, and innovative auto payment options

  • Ongoing education for smart credit use via app and emails to encourage healthy financial behavior


“We are excited to offer a fully realized credit card solution that radically empowers all cardholders – and is truly game-changing for new-to-credit customers,” Rozenrot concluded.

Jasper, the premium Mastercard designed for professionals, is more than just a credit card - it’s a credit-building partner. Jasper uses technology to understand where customers are going in life, instead of looking just at where they have been, so applicants may qualify for a premium Jasper Mastercard, issued by WebBank, even if they are just starting their credit journey. The Jasper Mastercard’s unique features are designed to make credit-building simpler and easier, so cardholders can focus on building their future.


The Jasper Mastercard is especially helpful for customers who are new to credit in the U.S., such as young adults who have recently started their professional lives and professionals who have recently relocated to the U.S. for work.


  • No credit history required to apply if you don’t already have one

  • An intuitive experience that includes personalized, real-time financial advice, and innovative auto payment options

  • Ongoing education for smart credit use via app and emails to encourage healthy financial behavior

  • All the benefits of a premium Mastercard

  • High credit limits, low interest rates   

  • No annual fee³, no security deposit.