What is Credibly?
Credibly operates as a digital lending platform dedicated to providing working capital and alternative financing solutions to small and medium-sized businesses. The company distinguishes itself through a data-driven underwriting process that evaluates business health beyond conventional credit metrics. By leveraging advanced analytics, Credibly matches businesses with appropriate funding options, emphasizing a swift and adaptable financing experience. Its digital-first approach facilitates streamlined loan applications and servicing, catering to a diverse array of industries seeking accessible capital.
How much funding has Credibly raised?
Credibly has raised a total of $340M across 3 funding rounds:
Series A
$10M
Debt
$70M
Debt
$260M
Series A (2015): $10M, investors not publicly disclosed
Debt (2016): $70M led by AloStar Bank of Commerce and SunTrust Bank
Debt (2026): $260M supported by Medalist Partners and Truist
Key Investors in Credibly
Medalist Partners
Medalist Partners is a private institutional investment management firm specializing in structured credit and asset finance, managing capital for institutional investors and focusing on credit opportunities through strategies like Asset-Based Private Credit.
Truist
Truist Financial is a major U.S. bank holding company offering comprehensive banking, investment, and insurance services, focused on community development and innovative financial solutions for individuals and businesses.
AloStar Bank of Commerce
AloStar Bank of Commerce is a specialty banking institution providing Asset Based Loans to middle-market companies nationwide through online customer service platforms and specialized lending products.
What's next for Credibly?
The substantial enterprise-level funding and strategic investment Credibly has attracted indicate a strong market position and a clear trajectory for scaling its operations. This capital infusion is likely to fuel further technological development, expansion of its lending capacity, and enhancement of its underwriting algorithms. The company's focus on data-driven solutions positions it to capitalize on the growing demand for flexible and accessible financing among SMEs, potentially leading to market leadership in the fintech lending space.
See full Credibly company page
