About CreditIQ
CreditIQ is a company based in New York (United States) founded in 2014 was acquired by Cars.com in November 2021.. CreditIQ has raised $3.52 million across 2 funding rounds from investors including Cars.com. CreditIQ operates in a competitive market with competitors including Octane, Lendbuzz, AutoPay, WithClutch and Credit Acceptance, among others.
- Headquarter New York, United States
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Sectors
Transportation, Automotive & LogisticsFinancial Services
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Phone
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Website
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Social
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Product Management Team
2 people
Dealer Team
1 people
Software Development Team
1 people
CTO Team
1 people
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Funding Insights of CreditIQ
CreditIQ has successfully raised a total of $3.52M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $932.5 thousand completed in April 2020. 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 2
- Last Round Seed — $932,499
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First Round
First Round
(06 Jul 2017)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2020 | Amount | Seed - CreditIQ | Valuation |
investors |
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| Jul, 2017 | Amount | Seed - CreditIQ | 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 CreditIQ
CreditIQ has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Cars.com. 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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Used cars are listed and analyzed on an online platform.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by CreditIQ
| 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 - CreditIQ
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Creditiq Comparisons
Competitors of CreditIQ
CreditIQ 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 Octane, Lendbuzz, AutoPay, WithClutch and Credit Acceptance, 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 |
Instant financing solutions are offered for vehicle purchases by Octane.
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| domain | founded_year | HQ Location |
Online car loans are provided via a digital application platform.
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| domain | founded_year | HQ Location |
Online lending marketplace for auto loans
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| domain | founded_year | HQ Location |
Car loans are refinanced via an online lending marketplace.
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Auto finance is extended to consumers via nationwide dealer networks.
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| domain | founded_year | HQ Location |
Automobile loans are provided via an online platform for consumers.
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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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On-demand services are booked through an app-based platform.
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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 Creditiq
Frequently Asked Questions about CreditIQ
When was CreditIQ founded?
CreditIQ was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Where is CreditIQ located?
CreditIQ is headquartered in New York, United States. It is registered at New York, New York, United States.
Is CreditIQ a funded company?
CreditIQ is a funded company, having raised a total of $3.52M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.58M, raised on Jul 06, 2017.
What does CreditIQ do?
CreditIQ was founded in 2014 in New York, United States, operating in the fintech sector. A platform is provided for users to access competitive loans in auto, home, personal, and student categories through soft credit pulls and lender networks. Credit reports are analyzed via IQ Alerts to notify users of offers that may reduce payments, APR, or interest. Pre-qualified loan options are presented to support financial decision-making.
Who are the top competitors of CreditIQ?
Who are CreditIQ's investors?
CreditIQ has 1 investor. Key investors include Cars.com.