The round was led by Mohr Davidow Ventures, which joins Crosslink Capital, Leapfrog Ventures, QED Investors, and a number of private strategic advisors.
Zebit’s San Diego, CA- and Edgware, UK-based parent company Global Analytics Holdings, Inc. intends to use the capital to further develop its platform-as-a-service in the financial sector as well as expand its micro-lending business.
Led by CEO Michael Thiemann, Zebit was launched in 2011 as a scalable platform for responsible financial transactions. It allows micro-lending businesses such as online retailers, who want to do business with customers with low access to credit, to do so in a customizable platform from start to finish.
With a proven micro-lending initial launch market in the UK, Zebit has already completed over a million transactions.