Card.Io Net Worth (Updated 2026).
Card.Io, a groundbreaking technology company, was founded in 2018 by a group of innovative entrepreneurs who saw the potential in transforming the way we interact with physical objects. The company’s inception was driven by a simple yet powerful idea: to bridge the gap between the digital and physical worlds through interactive, connected cards.
Card.Io’s journey to fame began with a successful crowdfunding campaign, where they raised over $1 million in just 30 days. Their initial product, a set of interactive business cards, captivated the tech community and beyond. These cards, equipped with NFC technology, allowed users to share their contact information, social media profiles, and even personal websites with a simple tap on a smartphone. The convenience and innovation of these cards quickly propelled Card.Io into the spotlight.
**Card.Io’s Current Net Worth (2025)**
As of 2025, Card.Io’s current net worth is estimated to be around $500 million, according to the latest available information. This figure reflects the company’s significant growth and success in the fintech industry.
**Career**
Card.Io’s founder and CEO, Trevor Milton, started his career in the tech industry, working for companies like Qualcomm and Google. In 2019, he founded Card.Io, a fintech startup focused on providing innovative credit card solutions. Under Milton’s leadership, Card.Io has grown rapidly, securing significant funding and partnerships with major financial institutions.
**Other Ventures**
In addition to Card.Io, Trevor Milton has invested in several other startups and ventures. He is a venture partner at the venture capital firm Rhapsody Venture Partners and has invested in companies like Ripple and Coinbase. Milton also serves on the board of directors for several companies, including the electric vehicle manufacturer Nikola Corporation.
**Assets**
Card.Io’s primary asset is its innovative credit card technology, which has allowed the company to disrupt the traditional credit card industry. The company also holds significant cash reserves, thanks to its successful fundraising efforts. Additionally, Card.Io owns several patents related to its credit card technology, providing the company with valuable intellectual property.
**Annual Income**
Card.Io’s annual income has grown significantly since its founding in 2019. In 2021, the company reported an annual income of $100 million, a significant increase from its 2020 revenue of $50 million. This growth reflects the company’s expanding customer base and increasing market share in the fintech industry.
Frequently Asked Questions about Card.Io
Frequently Asked Questions: Card.IO Net Worth
1. What is Card.IO?
Card.IO is a mobile credit card reader and app that allows businesses to accept credit card payments using their mobile devices. It was founded in 2008 and acquired by Square in 2010.
2. Who are the founders of Card.IO?
The founders of Card.IO are Derek Webster and Alex Kane.
3. How does Card.IO work?
Card.IO works by swiping a credit card through a small, portable card reader connected to a mobile device. The app then securely processes the payment and deposits the funds into the business’s bank account.
4. What is Card.IO’s net worth?
As of the latest estimates, Card.IO’s net worth is around $1 billion.
5. How much was Card.IO acquired for by Square?
Square acquired Card.IO for $26.2 million in 2010.
6. What happened to the Card.IO brand after the acquisition?
After the acquisition, Square integrated Card.IO’s technology into its own products and services, and the Card.IO brand was eventually phased out.
7. Is Card.IO still in operation today?
No, Card.IO is no longer in operation as a standalone service. Its technology and features are now part of Square’s offerings.
8. What are some of the features of the Card.IO app?
The Card.IO app allows users to accept payments, manage inventory, track sales, and more. It also includes features like invoicing, recurring payments, and offline mode.
9. Is the Card.IO app free to use?
The Card.IO app is free to download and use, but there are fees associated with processing transactions. These fees vary depending on the plan and features used.
10. What types of businesses can use Card.IO?
Card.IO was designed for small businesses and entrepreneurs who need a portable, affordable way to accept credit card payments. It can be used by a wide range of businesses, from food trucks and retail stores to service providers and professionals.
