Strivve Lands $1.08M in Ongoing Equity Raise as Card-on-File Gets Boost from Fiserv, AI Agents

Strivve, a fintech that automates card-on-file updates for banks and credit unions, has sold $1.08 million in an ongoing $2.5 million equity offering, signaling investor appetite for infrastructure that controls the default payment credential at online checkout. The Seattle-area company provides a platform that helps financial institutions automatically place and update their cardholders’ payment information across more than 142 merchant sites, from Amazon and Netflix to DoorDash and Walmart, so their card becomes the top-of-wallet choice. Strivve reports 93 million card accounts under contract across 200-plus active card issuers, with an estimated $34.7 million in commerce captured through the system.

The funding, disclosed in a regulatory filing, comes as the value of card-on-file management rises sharply in an era of digital wallets and AI-driven transactions. A 2026 survey cited by the company found that 91 percent of Americans aged 18 to 26 now use mobile wallets as their primary payment tool, making the stored credential the single most important battleground for card issuers. Strivve’s technology automates what has historically been a manual, high-friction process—replacing an expired or lost card across dozens of merchants—so a bank’s card stays active in the background.

While no lead investors were named in the filing, the raise highlights strategic tailwinds. Card-on-file infrastructure is gaining direct value through integrations with large payment processors like Fiserv, and from the rise of agentic commerce, in which AI agents execute purchases on behalf of consumers. In such a landscape, whichever card is already saved at the merchant’s checkout is the one that gets used, turning Strivve’s automatic credential placement into a defensive and offensive tool for issuers.

The company has not specified exactly how the fresh capital will be deployed, but the ongoing offering positions Strivve to deepen its merchant network, expand beyond its current base of community banks and credit unions, and further develop the agentic-commerce capabilities that make card-on-file positioning a must-have rather than a nice-to-have. With $1.08 million already committed toward the $2.5 million target, Strivve is tapping a market that increasingly rewards infrastructure that moves in the background of every transaction.