About Credible
Credible is an online marketplace that helps consumers find the best rates on loans, including student loans, personal loans, and mortgages. Users can easily compare offers from top lenders, receiving instant results and clear explanations to simplify the decision-making process. Unlike its competitors, Credible focuses on transparency and user-friendliness, earning high customer satisfaction ratings. The company's goal is to assist individuals in securing loans with favorable terms while providing its services for free through a commission-based model with lenders.
Durham, North CarolinaHeadquarters
2012Year Founded
$23.6MTotal Funding
IPOCompany Stage
Fintech, Financial ServicesIndustries
201-500Employees
Benefits
Competitive health benefits
Meaningful incentives
Catered meals
Open office space
Continuing Education Program
Commuter Benefits
Risks
Integration challenges with Young Alfred may affect Credible's core services.
Fidelity's partnership with Summer could reduce demand for Credible's refinancing services.
Growing popularity of ISAs may impact demand for Credible's student loan products.
Differentiation
Credible offers a transparent, user-friendly loan comparison platform for various loan types.
The platform provides competitive loan offers without affecting users' credit scores.
Credible's commission-based model allows free services for consumers, generating revenue from lenders.
Upsides
Acquisition of Young Alfred expands Credible's offerings into the insurance market.
Increased demand for digital financial services boosts Credible's online platform usage.
AI-driven tools enhance personalized loan recommendations, improving user experience.
Funding
Total raised$23.64 M
Latest valuation$50.00 M
StageIPO
SERIES B
12/31/2016$10
$50.00 MSERIES A
9/30/2015$12
$58.00 M$2
$7.50 M