Zibby, a New York City-based omnichannel lease-to-own payment option for online and in-store shopping, raised $13.5m in funding.
The round was led by CURO and MissionOG with participation from Blumberg Capital and Tribeca Venture Partners and other institutional investors. In conjunction with the investment, Don Gayhardt, CURO’s president and CEO, will join Zibby’s board of directors, along with Gene Lockhart, chairman and managing partner of MissionOG.
The company, which has raised more than $150m in total capital to date, intends 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 consumer durables.
Launched in 2014 at Cornell University, by Brandon Wright, CEO, Zibby is a consumer leasing platform for online, brick and mortar and omnichannel retailers. Customers can apply in 30 seconds in-store or via the Zibby button on a retailer’s website and be approved for $300 to $3,500. Zibby increases retailer sales by providing a fast lease payment option for nonprime consumers seeking to acquire furniture, appliances, electronics, and other consumer durables.
Today, Zibby is available at more than 330 retailers in 46 states.