Payment card product developer Cardless specializes in creating co-branded credit cards in the US that are tied to mobile apps. Since 2019, it has launched credit cards in partnerships with English soccer teams Manchester United and Liverpool, and with Chile-based airline Latam. Those products operate on the Mastercard network.

Cardless was the first start-up to launch a credit card on the American Express network. That card, available since December 2022, is marketed to younger shoppers who frequent stores that sell in shopping malls owned by property ...