Keep pulling the thread on Daragh Murphy.
Imprint raised its Series C funding round from Khosla Ventures, with the deal led by Keith Rabois.
Daragh Murphy predicts Imprint will return to a 30% month-over-month growth rate in the second half of the current year.
Imprint's run rate revenue grew from $25 million to $100 million in the last calendar year.
Imprint is forecasting approximately 3x growth in run rate revenue for the current year, targeting around $300 million.
Imprint has raised a total of $230 million in funding to date.
Imprint has won 100% of the competitive bids it has entered for co-branded card programs with digital platform companies.
Imprint has debt financing arrangements with Citibank, Truist, and Mizuho to fund its credit card receivables.
Imprint raised a flat Series B round led by Ribbit Capital during the fintech downturn of 2022-2023.
Kleiner Perkins and Thrive Capital provided a bridge round to Imprint to extend its runway before its Series B.
Imprint projects it will have a $250 million cost base by the end of next year, which it aims to significantly reduce by deploying AI.
Imprint believes it can save hundreds of millions of dollars next year by applying AI to customer support, customer operations, and risk management.
Imprint has a partnership with the grocery store chain H-E-B.