ClearScore, a London, UK-based credit marketplace, raised $200M in funding at a valuation of $700m.
Invus Opportunities made the long term investment, which is a mix of primary and secondary, with existing investors – QED, Blenheim Chalcot and LeadEdge – together with management, retaining the majority of their positions in ClearScore. Benjamin Tsai of Invus Opportunities joined the ClearScore board, with co-founders Nigel Morris remaining as Chairman and Justin Basini continuing as Chief Executive.
The company intends to use the funds for ongoing investments to expand its team, product suite, and customer base globally.
Led by Justin Basini, co-founder and CEO, ClearScore is a free credit score and financial product marketplace. The company uses data every step of the way to ensure that users see the most relevant financial products for them, giving them the tools to manage their finances in a way that suits them.
It has an intelligent marketplace, which matches users with the best financial products for them based on an analysis of their unique financial profile. The company also offers free (online) coaching programs to help users improve their overall financial health.
Launched in July 2015, they have over 11 million UK users, and a further 3 million worldwide.
FinSMEs
25/06/2021