About Back2Credit
Back2Credit is a company based in Edgbaston (United Kingdom) founded in 2009 was acquired by Creditfix in January 2019.. Back2Credit offers products and services including Debt Management, IVAs, and Debt Relief Order. Back2Credit operates in a competitive market with competitors including Incredible, Elifinty, MH Riley, ilumoni and Lend Helper, among others.
- Headquarter Edgbaston, United Kingdom
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name B2c Finance Ltd
- Date of Incorporation 24 Feb, 2009
- Jurisdiction BIRMINGHAM, ENGLAND
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Products & Services of Back2Credit
Back2Credit offers a comprehensive portfolio of products and services, including Debt Management, IVAs, and Debt Relief Order. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Helps individuals manage and reduce personal debts through structured plans.
Offers individual voluntary arrangements for debt repayment and creditor negotiation.
Provides assistance with applications for debt relief to eligible individuals.
Funding Insights of Back2Credit
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2021 | Amount | Seed - Back2Credit | Valuation | Aryza |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Back2Credit
Back2Credit has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Aryza and Creditfix. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Banking software solutions are delivered to financial institutions.
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Founded Year | Domain | Location | |
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Debt management and insolvency solutions are provided to clients.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Back2Credit
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Back2Credit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Back2credit Comparisons
Competitors of Back2Credit
Back2Credit operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Incredible, Elifinty, MH Riley, ilumoni and Lend Helper, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
An app-based debit management platform is provided for users.
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| domain | founded_year | HQ Location |
Savings and accounts are managed via a dedicated application.
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| domain | founded_year | HQ Location |
Delivers a platform for effective consumer debt management.
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| domain | founded_year | HQ Location |
Provides debt repayment solutions for consumers.
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| domain | founded_year | HQ Location |
App-based platform for IOU debt repayment and management.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Back2credit
Frequently Asked Questions about Back2Credit
When was Back2Credit founded?
Back2Credit was founded in 2009 and raised its 1st funding round 12 years after it was founded.
Where is Back2Credit located?
Back2Credit is headquartered in Edgbaston, United Kingdom. It is registered at Edgbaston, West Midlands, United Kingdom.
Who is the current CEO of Back2Credit?
Lily Bhandal is the current CEO of Back2Credit.
What does Back2Credit do?
Founded in 2009 and based in Edgbaston, United Kingdom, Back2Credit operates in the debt management sector. Various services are offered, including debt management plans, Individual Voluntary Arrangements, Debt Relief Orders, and bankruptcy assistance. Negotiations with creditors are conducted to arrange repayment plans, while counseling and financial support are provided throughout the process. Regular updates and guidance on finance management are given to clients seeking stability.
Who are the top competitors of Back2Credit?
Back2Credit's top competitors include Incredible, Elifinty and MH Riley.
What products or services does Back2Credit offer?
Back2Credit offers Debt Management, IVAs, and Debt Relief Order.