We started Petal to give credit to people who deserve it – and made it honest, simple, and accessible.

Founded 2016
51-200 employees
  • Banking, Corporate Finance, & Investing
  • Headquarters address
    483 Broadway, Floor 2

    Petal was established in February 2016 by five co-founders: Andrew Endicott, Berk Ustun, David Ehrich, Jack Arenas, and Jason Gross. But the seeds of Petal were planted much earlier, when Berk -- who originally hails from Turkey -- encountered challenges acquiring credit in the U.S. Despite having graduated from UC Berkeley, attending MIT, working in lucrative positions at Amazon and a hedge fund, he was declined for a credit card, had trouble signing a residential lease, and couldn’t get a cell phone plan -- all because he lacked U.S. credit history.

    He complained about these challenges to his Boston-based friends, Andrew and Jason, who were attending Harvard Law School together. And they surmised that there had to be a better way of credit scoring than the ‘chicken-and-the-egg’ approach of relying on previous credit history. Incidentally, Berk was studying machine learning and data science at MIT, with a focus on algorithmic decision-making in highly regulated spaces such as consumer finance. Fueled by his experiences and newly-released research by the Consumer Financial Protection Bureau (CFPB) about credit access and ‘credit invisibility’ in the U.S., Andrew, Jason, and Berk recognized that there was inherent social unfairness in our current credit system, and they decided they could do something about it.

    The idea of Petal was born.

    Tech stack

    Python, React, React Native, AWS


    Compensation and retirement

    401k plan
    Commuter assistance plans

    Health and wellness

    Insurance (Health)
    Insurance (Dental)
    Insurance (Vision)
    FSA (Flexible Spending Plan)

    Vacation and time off

    Unlimited time off
    Work from home flexibility

    Personal development

    Internship program

    Values and quality of life

    Bike parking
    Employee groups and committees
    Snacks and beverages
    Catered meals
    Company activities
    Pet-friendly workplace
    Petal - We care about getting to know one another as people, so we go out as a company at least 1x/month.
    Petal - Collaboration is at the core of what we do.
    Petal - Company Photo
    Petal - Catered lunch every Tues and Friday is a time to fill up and hang out.
    Petal - We love our pups@Petal!