Credible made a name for themselves in student loans. They are the first and largest marketplace for people looking to...
Shares closed Friday at $1.32, above the $1.21 offer price; the company raised a total of $67 million and is now valued at $306.6 million; the IPO was Australia’s biggest tech IPO of the year. Source
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
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
It was only a month ago when we broke the news that Ron Suber was stepping down as Prosper’s President...
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
In episode 249 of the Lend Academy Podcast we interview Stephen Dash, the CEO and Founder of Credible, one of...
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
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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