Credible

lendingonline loans

FOUNDING YEAR: 2012
LOCATION:
Last Update: 19/01/2021

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About

Credible brings simplicity, choice and unbiased support to all of lifes important financial decisions.With Credible, borrowers are always in control. We let you compare personalized loan offers from multiple vetted lenders, giving you the power and confidence to improve your financial future.Our leadership team has over three decades of experience in finance, technology, and marketing, brought together by a fierce desire to give every consumer the power and confidence to improve their financial future.Credible Labs is based in San Francisco, California at 22 4th St. Fl. 8 San Francisco, CA 94103.Credible Operations, Inc. is based in North Carolina at 320 Blackwell St. Ste 200, Durham, NC 27701 and also maintains a Branch Office in Texas at 2800 Post Oak Blvd. Suite 4100 Houston, TX 77056.For more information, visit www.credible.com 2019 CredibleCredible Operations, Inc. NMLS ID# 1681276Licenses and Disclosures: https://www.credible.com/a/mortgage/licensesNMLS Consumer Access: http://www.nmlsconsumeraccess.org/

MEDICI Analysis

Stampede Labs was rebranded as Credible Labs in Aug 2014, it is an online marketplace that allows borrowers to receive loan offers from lenders. It also enables students to compare personalized loan offers from multiple vetted lenders and also switch lenders by means of refinancing.

Focus

PRODUCTS & SERVICES

Online platform for student loan refinancing & personal loans

REVENUE MODEL

The company receives commission from partner lenders.

MAIN CLIENTS

Students

Citizen Bank

College Ave Student Loans

Connext Private Student Loans

Sallie Mae

INvestEd

iHelp

Discover Student Loans etc

company provided insights

Traction

ACTIVE USERS COMMENT:

The platform has approximately 665,000 registered users, and has completed more than $1bn in loans till Dec 2017.

People

FOUNDERS

Stephen Dash

BOARD MEMBERS AND ADVISORS

Ron Suber

Mark Goines

Scott Langmack

Itamar Novick

Stephen Dash

Dean Dorrell

Simon Franks

Reed McBride

NUMBER OF EMPLOYEES

51-200

INVESTORS:

AMTD Group

Cap-Meridian Ventures

Carthona Capital

Cthulhu Ventures

Dean Dorrell

Herrington & Sutcliffe

Itamar Novick

James Synge

Mitch Zuklie

Orrick

Peter Gammell

Redbus Group

Regal Funds Management

Ron Suber

Scott Langmack

Seraph Group

Simon Franks

Soul Htite

Trevor Loewensohn

KEY EMPLOYEES:

Stephen Dash(CEO)

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

3

TOTAL FUNDING

$22.1 M

DATE OF LAST FUNDING

Sep 2019

TOTAL FUNDING COMMENT

The funds will be used to accelerate development of the company’s technology platform( Dec 2017).

ESTIMETED REVENUE RANGE

$10M to $50M

SEED & PRIOR FUNDING

$500 K

FUNDING SERIES

SERIES A  · $11.6 M  · Oct 2015

SERIES B  · $10 M  · Jan 2017

LISTED

YES

COMMENT

IPO: $50 M(Dec 2017)

company provided insights
Acquisitions

M&A

ACQUIRED BY

coinpay

ANNOUNCED DATE

Aug 2019

PRICE

$265 M

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