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, appliances, furniture and musical instruments. Some of the partners Sears Outlet, Ghostbed, Curacao, Vyze, etc.
MEDICI analysts will analyze Zibby soon
Insufficient information for accurate analysis
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:
$10 Million Closed: Nov 2014
$12.5 Millions Closed: Jun 2016
$13.5 Millions Closed: May 2017
Debt financing: $100 M (Dec 2016) and an undisclosed round of $13.5 M raised in May 2017.