About AuctionCredit
AuctionCredit is a Financial Services company based in Dallas (United States) founded in 2006, and was acquired by XLerate Group in January 2022. Term loans are extended to small and medium enterprises. AuctionCredit has raised $7.5 million across 3 funding rounds from investors including XLerate Group. Its focus areas include FinTech, Alternative Lending, Online Lenders and Business Loans.
Company details
AuctionCredit was established in 2006 in Dallas, United States, within the financial services sector. Term loans are provided to small and medium-sized enterprises to support their operational needs. Operations are centered on facilitating access to capital through structured financing options. The company maintains its headquarters in Dallas, with services targeted at businesses across the United States. Focus remains on straightforward lending practices for SMEs.
- Headquarters Dallas, United States
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website auctioncredit.com
- Acquired by XLerate Group (Jan 2022)
- Total Equity Funding$7.5M (USD)
in 3 rounds
- Investors
- Acquired byXLerate Group
(Jan 2022)
Funding Insights of AuctionCredit
AuctionCredit has successfully raised a total of $7.5M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $7.5M
- Total Rounds 3
- First Round $1.8M
(May 2012)
All 3 funding rounds of AuctionCredit with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2015 | Debt – Conventional | – | – | – | |
| Apr 2015 | $7.5M | Series A | – | – | – |
| May 2012 | $1.8M | Debt – Conventional | – | – | – |
1 investors in total: 1 institutional.
Investors in AuctionCredit
AuctionCredit has secured backing from 1 investor. Prominent investors backing the company include XLerate Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Automotive auctions and remarketing facilities are provided nationwide. | 2010 | xlerategroup.com | Indianapolis, United States |
Investor details for AuctionCredit
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of AuctionCredit
1 people are tracked at AuctionCredit (1 in leadership).
| Name | Role | Group |
|---|---|---|
Chris Burton | President | Leadership |
Complete people profiles for AuctionCredit
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of AuctionCredit
4 dated milestones of AuctionCredit across 16 years, from founding to its latest funding, stage changes and deals.
- Founded AuctionCredit is founded.
- Funding First funding round of $1.8M.
- Funding Latest funding round, Debt – Conventional,.
- Exit Acquired by XLerate Group.
Top companies in Alternative Lending
3 companies that operate in the same segment as AuctionCredit (Alternative Lending) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 6,843 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | 1,487 |
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Frequently Asked Questions about AuctionCredit
AuctionCredit was founded in 2006 and raised its 1st funding round 6 years after it was founded.
AuctionCredit is headquartered in Dallas, United States. It is registered at Dallas, Texas, United States.
AuctionCredit is a funded company, having raised a total of $7.5M across 3 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $1.8M, raised on May 2012.
AuctionCredit was established in 2006 in Dallas, United States, within the financial services sector. Term loans are provided to small and medium-sized enterprises to support their operational needs. Operations are centered on facilitating access to capital through structured financing options. The company maintains its headquarters in Dallas, with services targeted at businesses across the United States. Focus remains on straightforward lending practices for SMEs.
AuctionCredit has 1 investor. Key investors include XLerate Group.
Yes. AuctionCredit was acquired by XLerate Group in January 2022.