About Back2Credit
Back2Credit is a Financial Services company based in Edgbaston (United Kingdom) founded in 2009, and was acquired by Creditfix in January 2019. Debt management and financial solutions are provided to individuals. Its chief executive, as recorded, is Lily Bhandal. Back2Credit offers products and services including Debt Management, IVAs, and Debt Relief Order. Its focus areas include FinTech, Alternative Lending, Consumer Debt Management and Debt Repayment. Its legal entity is B2C FINANCE LTD. Its competitors include Incredible, Elifinty and MH Riley; 2 of its 3 listed competitors have raised funding.
Company details
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.
Products & Services of Back2Credit
Back2Credit offers a comprehensive portfolio of products and services, including Debt Management, IVAs, and Debt Relief Order.
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 Rounds 1
- Investors Count 1
All 1 funding rounds of Back2Credit 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 |
|---|---|---|---|---|---|
| Feb 2021 | Seed | – | Aryza | – |
2 investors in total: 2 institutional.
Investors in Back2Credit
Back2Credit has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Aryza and Creditfix.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Banking software solutions are delivered to financial institutions. | 2002 | aryza.com | Dublin, Ireland | |
Debt management and insolvency solutions are provided to clients. | 2007 | creditfix.co.uk | Glasgow, United Kingdom |
Investor details for Back2Credit
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People of Back2Credit
1 people are tracked at Back2Credit (1 in leadership).
| Name | Role | Group |
|---|---|---|
Lily Bhandal | CEO | Leadership |
Complete people profiles for Back2Credit
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Timeline of Back2Credit
3 dated milestones of Back2Credit across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Back2Credit is founded.
- Exit Acquired by Creditfix.
- Funding First funding round.
Competitors of Back2Credit
Back2Credit has 3 listed competitors in our database, 2 of them funded. They include Incredible, Elifinty and MH Riley.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| getincredible.com | 2022 | London, United Kingdom | $1M | An app-based debit management platform is provided for users. | ||
| elifinty.com | 2018 | London, United Kingdom | $499,304 | Savings and accounts are managed via a dedicated application. | ||
| mhriley.com | 2012 | Horsham, United Kingdom | 1 | Delivers a platform for effective consumer debt management. |
Detailed competitors of Back2Credit
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Web traffic of Back2Credit
The website of Back2Credit (back2credit.com) receives about 3.7K visits a month.
- Monthly visits3.7K
▲ 41.3% vs previous month
Top companies in Alternative Lending
2 companies that operate in the same segment as Back2Credit (Alternative Lending) in United Kingdom, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 860 | |
Financial benefits platform for on-demand pay is provided to employees. | 2018 | London, England, United Kingdom | USD 133.02 M |
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Related news about Back2credit
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Frequently Asked Questions about Back2Credit
Back2Credit was founded in 2009 and raised its 1st funding round 12 years after it was founded.
Back2Credit is headquartered in Edgbaston, United Kingdom. It is registered at Edgbaston, West Midlands, United Kingdom.
Lily Bhandal is the CEO of Back2Credit, as recorded in our data.
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.
Back2Credit's top competitors include Incredible, Elifinty and MH Riley.
Back2Credit offers Debt Management, IVAs, and Debt Relief Order.
Back2Credit operates through B2c Finance Ltd.
Yes. Back2Credit was acquired by Creditfix in January 2019.