About Credit App
Credit App is a Financial Services company based in Calgary (Canada) founded in 2022 by Evan Ferguson. Lending as a service platform for financial institutions. Credit App has raised $2.7 million across 1 funding round from investors including Inovia Capital and Polar Venture Partners. Its chief executive, as recorded, is Marcos Lopez. Its website creditapp.ca draws about 25 thousand monthly visits. Credit App offers products and services including Indirect Portal – Lenders, Indirect Portal – Dealers, and Verification Platform. Its focus areas include FinTech, Alternative Lending, Enablers and Lending-as-a-service. Its legal entity is Credit App Technologies Inc. Its competitors include Paays Financial Technologies, Nectarine Credit and PemPem; 1 of its 3 listed competitors has raised funding.
Company details
Credit App was established in 2022 in Calgary, Canada, within the financial technology sector. A platform is operated to link customers with lenders, supporting management of lending and financing processes. Key functionalities encompass lead management, workflow automation, document collection, and approval workflows. Activities are centered on enabling efficient operations for institutions in the lending domain.
- Headquarters Calgary, Canada
- Founders Evan Ferguson
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website creditapp.ca
- Social LinkedIn X
- Legal Name Credit App Technologies Inc.
- Total Equity Funding$2.7M (USD)
in 1 rounds
- Latest Funding Round$2.7M (USD), Seed
Jun 2024
- InvestorsInovia Capital
& 1 more
Products & Services of Credit App
Credit App offers a comprehensive portfolio of products and services, including Indirect Portal – Lenders, Indirect Portal – Dealers, and Verification Platform.
Platform for lender transactions and automation in automotive finance.
Tool for dealers to manage lending and verification processes.
System for verifying applicant data in lending workflows.
Funding Insights of Credit App
Credit App has successfully raised a total of $2.7M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.7 million completed in June 2024. 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 $2.7M
- Total Rounds 1
- Last Round Seed — $2.7M
- First Round $2.7M
(Jun 2024)
- Investors Count 2
All 1 funding rounds of Credit App 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 |
|---|---|---|---|---|---|
| Jun 2024 | $2.7M | Seed | – | Inovia Capital |
2 investors in total: 2 institutional.
Investors in Credit App
Credit App has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Inovia Capital and Polar Venture Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are made in early-stage technology companies by Inovia Capital. | inovia.vc | Montreal, Canada | ||
Investor details for Credit App
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 Credit App
4 people are tracked at Credit App (2 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
Evan Ferguson | Founder | Leadership |
Marcos Lopez | CEO | Leadership |
Jordan Hutchings | Dealer Relations Manager | Team |
Haley Tate | Dealer Account Manager | Team |
Complete people profiles for Credit App
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 Credit App
2 dated milestones of Credit App across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Credit App is founded.
- Funding First funding round of $2.7M.
Competitors of Credit App
Credit App has 3 listed competitors in our database, 1 of them funded. They include Paays Financial Technologies, Nectarine Credit and PemPem.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| paays.com | 2018 | Toronto, Canada | A cloud-based platform is utilized for automotive financing connections. | |||
| nectarinecredit.com | 2020 | Victoria, Canada | Lending-as-a-service is provided through an online platform for enterprises. | |||
| pempem.io | 2019 | Montreal, Canada | $3M | Provider of agricultural product traceability solutions |
Detailed competitors of Credit App
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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Web traffic of Credit App
The website of Credit App (creditapp.ca) receives about 24.8K visits a month.
- Monthly visits24.8K
▲ 9.4% vs previous month
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Related news about Credit App
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Frequently Asked Questions about Credit App
Credit App was founded in 2022 and raised its 1st funding round 2 years after it was founded.
Credit App is headquartered in Calgary, Canada. It is registered at Calgary, Alberta, Canada.
Marcos Lopez is the CEO of Credit App, as recorded in our data.
Credit App is a funded company, having raised a total of $2.7M across 1 funding round to date. The company's 1st funding round was a Seed of $2.7M, raised on Jun 2024.
Credit App was established in 2022 in Calgary, Canada, within the financial technology sector. A platform is operated to link customers with lenders, supporting management of lending and financing processes. Key functionalities encompass lead management, workflow automation, document collection, and approval workflows. Activities are centered on enabling efficient operations for institutions in the lending domain.
Credit App's top competitors include Paays Financial Technologies, PemPem and Nectarine Credit.
Credit App offers Indirect Portal – Lenders, Indirect Portal – Dealers, and Verification Platform.
Credit App has 2 investors. Key investors include Inovia Capital, and Polar Venture Partners.
Credit App operates through Credit App Technologies Inc..