Credibly, a Southfield, Michigan-based data science-driven fintech lending platform for small and medium-sized businesses (SMBs), announced a management-led buyback of all the outstanding equity investment previously held by a prominent private equity firm.
This buyout was financed through a new equity investment and the issuance of a new corporate note.
Credibly is a data science-driven fintech lending platform delivering capital to SMBs. Offering an array of funding options, the company also provides partners access to its science capabilities.
Since its inception in 2010, Credibly has channeled over $2.0 billion in capital to more than 30,000 SMBs. In 2017, the company acquired servicing rights to another alternative lender’s portfolio.
Credibly also has additional offices in New York and Arizona.
FinSMEs
09/08/2023