Fold
“Can Fold become the primary bitcoin financial services platform for everyday consumers by embedding bitcoin rewards into credit, checking, and spending products?”
Founded2014
HQPhoenix, AZ, USA
IndustryFintech / Crypto
The story
Founded in 2014 as a bitcoin rewards and spending app, Fold evolved from a gift-card/shopping portal that pays bitcoin rewards into a full bitcoin financial services company. Going public on NASDAQ (ticker: FLD), Fold expanded into credit card issuance — launching the Fold Bitcoin Credit Card powered by Stripe Issuing on the Visa network — and secured institutional debt financing to scale the card program, positioning itself as a bitcoin-native consumer financial services company.
Last 12 months
Product timeline
2014
Fold founded as a bitcoin rewards and spending platform.· banking
2025
Fold Holdings, Inc. (NASDAQ: FLD) announced selection of Stripe Issuing on the Visa network to power the Fold Bitcoin Credit Card.· card
2026
Fold launched the Fold Bitcoin Credit Card, offering up to 4% back in bitcoin rewards, with physical card shipments commenced.· card
2026
Fold secured a $150 million senior secured revolving credit facility with Encina Lender Finance, LLC backed by consumer credit card receivables.· lending
Regulated entities
1
regulatory licence held by Fold
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
5 layers disclosed in Fold’s embedded-finance stack
Payments / PSP
Banking / BaaS
in the full report
Card issuing
in the full report
Lending
in the full report
Crypto
in the full report
Accounting gap: none
5 more providers across 4 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.