What is Credibly?
Founded in 2010 and headquartered in Southfield, Michigan, Credibly specializes in offering essential financing solutions to small businesses. The company's core offerings include small business loans and working capital, designed to support the operational and growth needs of entrepreneurs. Credibly's commitment to providing accessible financing positions it as a key player in the small business lending sector.
How much funding has Credibly raised?
Credibly has raised a total of $80M across 2 funding rounds:
Series A
$10M
Debt
$70M
Series A (2015): $10M, investors not publicly disclosed
Debt (2016): $70M led by SunTrust Bank and AloStar Bank of Commerce
Key Investors in Credibly
SunTrust Bank
SunTrust Bank, a diversified financial service holding company, provides a range of financial services to consumer and corporate clients, including deposit, credit, trust, and investment services.
AloStar Bank of Commerce
AloStar Bank of Commerce is a specialty banking institution founded in 2011 that focuses on providing Asset Based Loans to middle market companies.
What's next for Credibly?
The recent major strategic investment in Credibly signals a phase of significant scaling and potential expansion of its product suite or market reach. This capital infusion is likely to bolster its capacity to serve a larger volume of small businesses, potentially enhancing its technology infrastructure and customer service capabilities. The company's trajectory suggests a focus on solidifying its market share and exploring new avenues for growth within the competitive fintech landscape.
See full Credibly company page
