Zibby

lendingonline loansother lending

FOUNDING YEAR: 2012
LOCATION: United States
Last Update: 17/07/2020

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About

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.

Focus

PRODUCTS & SERVICES

Provide lease-to-own monthly payment option for non-prime customers at e-retailer stores.

MAIN CLIENTS

Ghostbed

Ashley Homestore

Bedamrt

Lacks Furnitures

EXISTING PARTNERSHIPS

Retail partners including electronics

appliances

furniture and musical instruments. Some of the partners Sears Outlet

Ghostbed

Curacao

Vyze

etc.

Traction

VALUATION / MARKET CAP:

$267 K in 2017

ACTIVE USERS COMMENT:

Zibby is available at more than 330 retailers in 46 states (May 2017).

People

FOUNDERS

Brandon Wright

Brandon Wright

Ashutosh Saxena

Chinedu Eleanya

BOARD MEMBERS AND ADVISORS

Gene Lockhart

Don Gayhardt

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Blumberg Capital

Curo Capital

CURO Financial Technologies

Entrepreneurs Roundtable Accelerator

MissionOG

Tribeca Venture Partners

Victory Park Capital

KEY EMPLOYEES:

Brandon Wright(CEO); Tony Lauro(CFO)

Momentum

FUNDED

YES

TOTAL FUNDING

$36.04 M

DATE OF LAST FUNDING

May 2017

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

$40 K

SEED CLOSED ON

Jan 2013

FUNDING SERIES

SERIES A  · $10 M  · Nov 2014

SERIES B  · $12.5 M  · Jun 2016

OTHERS  · $13.5 M · May 2017

DEBT FUNDING

$150 M

LISTED

NO

COMMENT

Debt financing: $100 M (Dec 2016) and an undisclosed round of $13.5 M raised in May 2017.

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