About Credit App
Credit App is a company based in Calgary (Canada) founded in 2022 by Evan Ferguson.. Credit App has raised $2.7 million across 1 funding round from investors including Inovia Capital and Polar Venture Partners. Credit App offers products and services including Indirect Portal – Lenders, Indirect Portal – Dealers, and Verification Platform. Credit App operates in a competitive market with competitors including Cloud Lending, Paays Financial Technologies, Bankish, Aqaix and Nectarine Credit, among others.
- Headquarter Calgary, Canada
- Founders Evan Ferguson
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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
*********
- Legal Name Credit App Technologies 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
$2.7 M (USD)
in 1 rounds
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Latest Funding Round
$2.7 M (USD), Seed
Jun 14, 2024
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Investors
Inovia Capital
& 1 more
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Employee Count
Employee Count
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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. 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.
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.
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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 Total Funding
- Total Rounds 1
- Last Round Seed — $2.7M
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First Round
First Round
(14 Jun 2024)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Seed - Credit App | Valuation | Inovia Capital |
| 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 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. 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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Investments are made in early-stage technology companies by Inovia Capital.
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Founded Year | Domain | Location | |
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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 Credit App
| 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 - Credit App
| 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 |
Credit App Comparisons
Competitors of Credit App
Credit App 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 Cloud Lending, Paays Financial Technologies, Bankish, Aqaix and Nectarine Credit, 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 |
A cloud-based lending platform is provided for financial institutions.
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| domain | founded_year | HQ Location |
A cloud-based platform is utilized for automotive financing connections.
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| domain | founded_year | HQ Location |
Lending and deposit systems are offered for loan providers.
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| domain | founded_year | HQ Location |
Water financing is enabled via cloud-based lending platform.
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| domain | founded_year | HQ Location |
Lending-as-a-service is provided through an online platform for enterprises.
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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 Credit App
Frequently Asked Questions about Credit App
When was Credit App founded?
Credit App was founded in 2022 and raised its 1st funding round 2 years after it was founded.
Where is Credit App located?
Credit App is headquartered in Calgary, Canada. It is registered at Calgary, Alberta, Canada.
Who is the current CEO of Credit App?
Marcos Lopez is the current CEO of Credit App.
Is Credit App a funded company?
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 14, 2024.
What does Credit App do?
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.
Who are the top competitors of Credit App?
Credit App's top competitors include Cloud Lending, Bankish and Paays Financial Technologies.
What products or services does Credit App offer?
Credit App offers Indirect Portal – Lenders, Indirect Portal – Dealers, and Verification Platform.
Who are Credit App's investors?
Credit App has 2 investors. Key investors include Inovia Capital, and Polar Venture Partners.