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Zibby is a product of Cognical company, offers the lease to own payment option platform that integrates with e-retailers’ storefront and checkout processes to provide the financing option for underbanked and nonprime consumers to acquire electronics, appliances, furniture and other durable goods online.
PRODUCTS & SERVICES
Provide lease-to-own monthly payment option for non-prime customers at e-retailer stores.
Retail partners including electronics
furniture and musical instruments. Some of the partners Sears Outlet
VALUATION / MARKET CAP:
$267 K in 2017
ACTIVE USERS COMMENT:
Zibby is available at more than 330 retailers in 46 states (May 2017).
BOARD MEMBERS AND ADVISORS
NUMBER OF EMPLOYEES
Brandon Wright(CEO); Tony Lauro(CFO)
DATE OF LAST FUNDING
TOTAL FUNDING COMMENT
The company is planning to use the funds to further expand its presence among retailers to offer non-prime and near-prime customers a monthly payment option for furniture, appliances, electronics and other consumers durable.
SEED & PRIOR FUNDING
SEED CLOSED ON
SERIES A · $10 M · Nov 2014
SERIES B · $12.5 M · Jun 2016
OTHERS · $13.5 M · May 2017
Debt financing: $100 M (Dec 2016) and an undisclosed round of $13.5 M raised in May 2017.
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