About ClimbCredit
ClimbCredit is a company based in New York (United States) founded in 2014 by Zander Rafael.. ClimbCredit has raised $12.9 million across 4 funding rounds from investors including Goldman Sachs, Acumen and Third Prime. The company has 55 employees as of December 31, 2022. ClimbCredit has completed 1 acquisition, including Career Karma. ClimbCredit offers products and services including Education Loans and Payment Plans. ClimbCredit operates in a competitive market with competitors including Navient, College Ave, Ascent, Credible Labs and LendKey Technologies, among others.
- Headquarter New York, United States
- Employees 55 as on 31 Dec, 2022
- Founders Zander Rafael
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Sectors
EducationFinancial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Climb Credit, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$12.9 M (USD)
in 4 rounds
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Latest Funding Round
$9.8 M (USD), Series A
Jun 13, 2019
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Investors
Goldman Sachs
& 10 more
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Employee Count
55
as on Dec 31, 2022
- Investments & Acquisitions
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Products & Services of ClimbCredit
ClimbCredit offers a comprehensive portfolio of products and services, including Education Loans and Payment Plans. 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.
Loans for career training with instant decisions and flexible payments.
Customizable plans for loan affordability and interest management.
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Funding Insights of ClimbCredit
ClimbCredit has successfully raised a total of $12.9M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $9.8 million completed in June 2019. 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 Total Funding
- Total Rounds 4
- Last Round Series A — $9.8M
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First Round
First Round
(05 Nov 2015)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2019 | Amount | Series A - ClimbCredit | Valuation | Third Prime , New Markets Venture Partners | |
| Jan, 2019 | Amount | Debt – Conventional - ClimbCredit | Valuation |
investors |
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| Jul, 2016 | Amount | Seed - ClimbCredit | Valuation |
investors |
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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 ClimbCredit
ClimbCredit has secured backing from 11 investors, including venture fund and angel investors. Prominent investors backing the company include Goldman Sachs, Acumen and Third Prime. 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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Early-stage startups are funded by Third Prime venture capital firm.
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Founded Year | Domain | Location | |
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Early-stage FinTech investments are made by Broadhaven Ventures.
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Founded Year | Domain | Location | |
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Technology companies are funded by this venture capital firm.
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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 ClimbCredit
ClimbCredit has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Career Karma. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online platform for candidates career guidance
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - ClimbCredit
| 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 |
Climbcredit Comparisons
Competitors of ClimbCredit
ClimbCredit 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 Navient, College Ave, Ascent, Credible Labs and LendKey Technologies, 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 |
Student loans and federal servicing are provided by Navient.
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| domain | founded_year | HQ Location |
Student loans marketplace for undergraduate and graduate education is operated.
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| domain | founded_year | HQ Location |
Software development and cloud services are provided by Ascent.
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| domain | founded_year | HQ Location |
Alternate lending for student loans and refinancing is provided.
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| domain | founded_year | HQ Location |
Student & Home improvement loans online by local community lenders
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Climbcredit
Frequently Asked Questions about ClimbCredit
When was ClimbCredit founded?
ClimbCredit was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is ClimbCredit located?
ClimbCredit is headquartered in New York, United States. It is registered at New York, New York, United States.
Is ClimbCredit a funded company?
ClimbCredit is a funded company, having raised a total of $12.9M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1.1M, raised on Nov 05, 2015.
How many employees does ClimbCredit have?
As of Dec 31, 2022, the latest employee count at ClimbCredit is 55.
What does ClimbCredit do?
Climb Credit was founded in 2014 in New York, United States, as a student lending company. Loans are provided to students enrolled in partner schools, with interest rates ranging from 5 to 12 and repayment terms of three to five years. Interest-only payments are required during enrollment, while full principal and interest repayments begin after graduation. Operations focus on the education financing sector.
Who are the top competitors of ClimbCredit?
ClimbCredit's top competitors include Navient, College Ave and Credible Labs.
What products or services does ClimbCredit offer?
ClimbCredit offers Education Loans and Payment Plans.
How many acquisitions has ClimbCredit made?
ClimbCredit has made 1 acquisition, including Career Karma.
Who are ClimbCredit's investors?
ClimbCredit has 11 investors. Key investors include Goldman Sachs, Acumen, Third Prime, Broadhaven Ventures, and New Markets Venture Partners.
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