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