What is Credibly?
Credibly operates as a specialized fintech lending platform designed to provide small and medium-sized businesses with essential access to working capital. Unlike traditional lenders that rely heavily on static credit scores, Credibly utilizes advanced data-driven underwriting to evaluate the holistic health of a business. This methodology allows the firm to offer flexible financing solutions that are better aligned with the operational realities of modern SMEs.
By integrating digital-first loan servicing with a broad range of financial products, the company has successfully carved out a significant market share. Its platform serves as a vital conduit for capital, enabling businesses across diverse industries to maintain liquidity and pursue growth opportunities that might otherwise be inaccessible through conventional banking channels.
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 SunTrust Bank and AloStar Bank of Commerce
Debt (2026): $260M supported by Truist and Medalist Partners
Key Investors in Credibly
Truist
Truist Financial is a major US bank holding company providing comprehensive banking, investment, and insurance services, leveraging extensive digital infrastructure to support high-growth markets.
Medalist Partners
Medalist Partners is a private institutional investment management firm specializing in structured credit and asset finance, managing capital for a diverse range of institutional clients.
SunTrust Bank
SunTrust Bank is a diversified financial service holding company that provides a wide range of credit, trust, and investment services to both consumer and corporate clients.
What's next for Credibly?
With the recent injection of capital, Credibly is well-positioned to accelerate its strategic initiatives, focusing on the expansion of its underwriting capabilities and the enhancement of its digital infrastructure. As the company moves deeper into the enterprise-level market, it is expected to refine its algorithmic models to further reduce risk while increasing the velocity of loan approvals. The focus remains on maintaining a competitive edge in the alternative lending space by providing seamless, high-speed financing experiences that cater to the evolving needs of the SME sector. Future growth will likely involve scaling its reach to support a broader array of business profiles, thereby reinforcing its role as a cornerstone of the digital financial ecosystem.
See full Credibly company page
