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Credible

News RoundupOnline LendingUSA
·Jan. 19, 2017

Credible Has Raised $10mn for Its Online Lending Business

Credible is one of the success stories in online lending today. The leading online exchange for student loans has just closed their $10 million Series B funding round that we have been told was "a significant up round." Australian fund manager Regal Funds Management led the round that also included Prosper President Ron Suber. Credible doesn't lend money itself. Instead, it has deep integrations with many of their lending partners (such as CommonBond and College Ave) allowing borrowers not only to compare interest rates but to only see those rates with a high likelihood of approval.  Source

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News RoundupOnline LendingUSA
·Nov. 10, 2016

Credible Announces Partnership with MEFA

Credible is a multi-lender focused on student loans; company announced the addition of the Massachusetts Educational Financing Authority (MEFA) to its platform which now includes six refinancing lenders; MEFA will provide student loan refinancing through its MEFA Education Refinancing Loan; the MEFA Education Refinancing Loan is available in all 50 states, has a minimum of $10,000 and includes both fixed and variable interest rate options with the majority of rates ranging from 3.31% to 6.85%.  Source

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FintechNews Roundup
·Nov. 13, 2017

Credible Seeking Australian Securities Exchange Listing

Credible is a marketplace for student loans that operates in the US; The listing would value the company at more than $300 million; Stephen Dash, Credible's founder will be pitching to fund managers this week in a road show; sources have said the company is seeking to raise $67.5 million. Source

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Fintech One-on-One Podcast
·May. 29, 2020

Podcast 249: Stephen Dash of Credible

In today’s world to build a success intermediary business you have to be able to add obvious value to the...
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Blog
·Mar. 30, 2016

Credible’s multi-lender platform: The next generation of online lending

[Editor’s note: This is a guest post from Stephen Dash, Founder and CEO of Credible, the multi-lender marketplace. Stephen was...
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Peer to Peer Lending
·Aug. 1, 2017

Credible Adds Ron Suber as Executive Vice Chairman

It was only a month ago when we broke the news that Ron Suber was stepping down as Prosper’s President...
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News RoundupOnline LendingUSA
·Aug. 16, 2017

Credible Announces Alan Gellman as Its Chief Marketing Officer

Gellman is the firm's first chief marketing officer; he joins the firm from Esurance and also has experience at Wells Fargo; Credible is a personal finance marketplace that provides offers for student loans and personal loans; in July it also announced a credit card marketplace; Gellman will help the platform expand its business and continue to focus on supporting its customers. Source

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News RoundupOnline LendingUSA
·Aug. 1, 2017

Lend Academy Article: Credible Adds Ron Suber as Executive Vice Chairman

Ron Suber has been involved with Credible since 2015, investing in both the Series A and Series B rounds as well as acting in an advisory role; Suber will now spend about one day per week helping Credible in a broad range of activities from fundraising to helping the team as the company grows; Credible CEO Stephen Dash noted that despite headwinds many other industry participants faced, Credible continues to grow; Ron Suber will play a role in navigating the growth they expect going forward; the company also announced a pilot for a credit card marketplace which launched today. Source

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Peer to Peer Lending
·Dec. 7, 2017

Credible Raises US$50 Million in an IPO in Australia

Stephen Dash likes to go down the road less traveled. As an Australian investment banker turned entrepreneur he saw a...
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News RoundupOnline LendingUSA
·Apr. 10, 2017

Millennial Focused Consumer Lending & Lifetime Customer Retention

Understanding the millennial customer is a key for most lenders in the market today and Stephen Dash of Credible explains how his firm handles this challenge during his fireside chat at LendIt USA 2017 with Dakin Campbell of Bloomberg; identifying who the millennial is and how they consume information will help you to tailor your products to this group; 25% of consumers today fall into the millennial category and Credible believes a strong, focused product set will help them to service this generation efficiently; before looking to sell other types of services you must first build a relationship with them, trust can be eroded in an instant; ensuring a compelling value proposition is the key and fully understanding what the customer needs will help you to hold that customer over the lifetime; ultimately customers are co-owned and you can help to make sure your relationship lasts by showing a loyal and durable product set.  Source

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