• FOUNDING YEAR: 2007
    LOCATION:
    United States
    REGION:
    CA
    Last Update:
    27 Jun, 2019
    Phone:
    +1 415-692-5722
    Global presence:
    United States

Description

FOCUS

PRODUCTS & SERVICES:
The company offers various tools for users like credit score rating, credit scores, credit reports, credit monitoring, and tax prep software & filing. Credit offers a range of loan products like personal loans, home loans, auto loans, student loans, business loans, refinance, etc. In addition to credit score, the platform also enables members to view their accounts, their last reported balances, and the factors affecting their credit scores. It also provides personalized recommendations & insights that enable users to use their credit in a better manner.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Small businesses
EXISTING PARTNERSHIPS:
ING Vysya, Experian, Scotiabank, Mastercard, Sage, FleetCardsUSA
COMMENT
Customers can access scores and reports anytime. It also provides offers tailored to a user's credit profile.

PEOPLE

FOUNDERS:
Ken Lin
Board Members and Advisors:
Meyer Malka, David Lawee, Frank Rotman, Scott Feldman, Aydin Senkut, Mike Bingle, Mark Lefanowicz, Josh Elser
NUMBER OF EMPLOYEES:
201-500
INVESTORS:
Silver Lake, Valinor Management, Tiger Global Management, Viking Global Investors, Google Capital, Susquehanna Growth Equity, Ribbit Capital, Felicis Ventures, 500 Startups, SV Angel, QED Investors, FF Angel LLC, and Founders Fund.
KEY EMPLOYEES:
Ken Lin (CEO), Ken Lin (CTO), Nichole Mustard (CRO), Nikhyl Singhal (CPO), Greg Lull (CMO), Susannah Wright (CLO)

TRACTION

VALUATION / MARKET CAP:
$4 Billions in 2019
VALUATION COMMENT
Third-party news sources reported that the company's valuation is around $4 billion after the latest funding round on March 2019.
REVENUE:
$10M+ in 2018
REVENUE COMMENT:
Viewable by subscribers only
TRANSACTIONS COMMENT:
The company has facilitated more than $40 billion in credit lines across financial products like credit cards, personal loans, mortgage refinancing, automotive financing, and student loan refinancing. (Jan. 2019)
ACTIVE USERS COMMENT:
The company has 85 million customers from across North America and 50% of them are US millennials. (Jan. 2019)
COMMENT:
To date, the company has provided more than 4 billion free credit scores to consumers. (Mar. 2019)

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$868 Millions
DATE OF LAST FUNDING:
Mar 2019
TOTAL FUNDING COMMENT:
The company will use the fund to expand into other financial services such as lending and credit. (Mar. 2019)
SEED & PRIOR FUNDING:
$500 K
SEED CLOSED ON:
Oct 2008
FUNDING SERIES:
SERIES A
$2.5 Millions Closed: Nov 2009
SERIES B
$30 Millions Closed: Apr 2013
SERIES C
$160 Million Closed: Sep 2014
SERIES D
$175 Million Closed: May 2015
DEBT FUNDING:
$500 Millions
LISTED:
NO
COMMENT:
The company has raised $500 million in investments from the secondary market. (Mar. 2019)

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