Credible Completes $10m Series B Funding

Credible_logoCredible, a San Francisco, CA-based multi-lender marketplace for student loans, student loan refinancing and personal loans, completed a $10m Series B funding.

The round was led by Regal Funds Management, with participation from existing investors including Ron Suber and Carthona Capital.

The company intends to use the funds to accelerate the development of its technology that leverages data to allow millennials to take control of their finances.

Led by Founder and CEO Stephen Dash, Credible is a multi-lender marketplace that allows borrowers to receive competitive loan offers from its vetted lenders, The company recently release LenderExpressTM, an intelligent pre-qualification engine that allows borrowers to see the actual rates they’ll qualify for from multiple lenders, in real time. After answering a few questions about themselves, consumers can receive rates without affecting their credit score or sharing their personal information with lenders until they’re ready to proceed with an offer.
More than 85,000 people qualified for loan offers through the platform in 2016.

FinSMEs

18/01/2017

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