Credibly secures over $260 million in new financing, bolstering its efforts to support small and medium-sized businesses. This marks a significant milestone for the AI-powered working capital company.

Company

About

Credibly is a data science-driven fintech lending platform that improves the speed, cost, experience, and choice of capital for small and medium-sized businesses (SMBs). The company offers partnership opportunities that include balance sheet, syndication, and off-balance sheet funding options, while offering its synergy, white label, and investor partners access to its robust data science capabilities. Founded in 2010, Credibly has provided more than $2 billion in capital to SMBs, while maintaining a strong emphasis on risk management and a culture of compliance. In 2017 Credibly became the first company in its space to acquire servicing rights to another alternative lender’s portfolio ($250 million). Credibly was chosen for its proven collections success and its approach in measuring and managing risk. Since then, Credibly has sustained its growth, maintaining operations throughout the entirety of the COVID-19 pandemic, and continuing on to post record origination numbers. Credibly’s headquarters are in Southfield, Michigan, with offices in New York and Arizona. For more information, please visit www.credibly.com.