Lending > Best Lending Platform
Credibly leverages cutting-edge data science, technology, partner relations, and customer support to provide small and medium-sized businesses (SMBs) with streamlined access to right-sized financing, regardless of lifecycle stage or credit profile.
To accomplish this, Credibly has followed a deliberate growth strategy focused on improving its product suite, pricing, risk management, partner resources, and data science capabilities and microservices.
Since our founding in 2010, Credibly has provided access to over $1B in financing, invested heavily in its model and infrastructure, and maintained profitability and industry-leading loss rates.
In 2017, Credibly was the first company in its space to acquire servicing rights to another lender’s portfolio ($250MM cash advance portfolio), selected for its industry-leading risk analysis. In late 2018, the company completed its first asset-backed securitization and followed with an investment grade senior debt offering in 2019, proving the quality of operations and providing the ability to originate and service an even wider array of SMB customers.
To better meet the financing needs of SMBs, Credibly recently expanded its product suite through its external lender network and implemented virtual wallets which provide customers instant fund disbursement and a choice of payment methods. With the addition equipment leasing, AR financing, SBA programs, and several other new working capital products, Credibly has successfully established itself as the true one-stop-shop for SMB financing.
As we continue to grow, our focus remains on refining our model, improving our product coverage and pricing, maintaining our robust culture of compliance, and making our microservices available to partners so that we can work together to fill the credit gap for small and medium-sized businesses.