What is Credible?
Credible operates a consumer finance marketplace designed to empower individuals to save money and achieve better financial outcomes. The company's core technology facilitates the comparison of instant, accurate pre-qualified rates from a diverse network of financial institutions. This personalized approach extends across major loan categories, including mortgages, student loans, and personal loans, differentiating Credible in a competitive market. The company's strategic focus on integrating with key financial infrastructure providers allows it to deliver a seamless and informative user journey.
How much funding has Credible raised?
Credible has raised a total of $74.5M across 8 funding rounds:
Other Financing Round
$500K
Other Financing Round
$700K
Multiple Rounds
$13M
Series B
$10M
Stock Offering
$50M
Debt
$350K
Other Financing Round (2014): $500K with participation from Mitch Zuklie, Cthulhu Ventures, Carthona Capital, Orrick, Itamar Novick, Dean Dorrell, Simon Franks, Trevor Loewensohn, and Peter Gammell
Other Financing Round (2014): $700K led by Dean Dorrell and James Synge
Other Financing Round (2015): $1.5M supported by Cthulhu Ventures, Carthona Capital, Orrick, Cap-Meridian Ventures, and Redbus Group
Angel/Seed (2015): $1.5M featuring Cthulhu Ventures, Carthona Capital, Orrick, Cap-Meridian Ventures, and Redbus Group
Series A (2015): $10M backed by Carthona Capital, Scott Langmack, Ron Suber, and Soul Htite
Series B (2017): $10M with participation from Ron Suber, Regal Funds Management, and Carthona Capital
Stock Issuance/Offering (2017): $50M, investors not publicly disclosed
Debt (2020): $350K supported by PPP
Key Investors in Credible
Regal Funds Management
Founded in 2004, Regal Funds Management is a leading alternative investment manager in Australia, specializing in long/short investment strategies. The company provides investment management and advisory services to a diverse clientele, including institutions, family offices, foundations, and private investors, both domestically and internationally.
Carthona Capital
Carthona Capital is a proactive venture capital firm based in Sydney, Australia, that invests globally in early-stage startups, typically at the Pre-Seed, Seed, or Series A stages. Founded in 2014, the firm manages approximately $360 million in funds from institutional, family office, and high net-worth investors.
What's next for Credible?
With the recent influx of major strategic investment and a substantial overall capital base of $74.6M, Credible is well-positioned for its next phase of expansion. The company's established technology platform and consumer-centric model suggest a strategic focus on enhancing its product offerings and potentially broadening its market reach. Future developments may involve deeper integration with financial partners, the introduction of new loan products, or further technological advancements to refine its rate comparison capabilities. The company's trajectory indicates a strong emphasis on scaling its operations and solidifying its role as a key player in the consumer finance technology sector.
See full Credible company page
