About CreditShop
CreditShop is a company based in Columbus (United States) founded in 2013 was acquired by Varde Partners in November 2017.. CreditShop has raised $34.52 million across 1 funding round from investors including Renren, Varde Partners and Green Visor Capital. The company has 312 employees as of December 31, 2022. CreditShop operates in a competitive market with competitors including LendingPoint, Possible Finance, Best Egg, Stilt and OneBlinc, among others.
- Headquarter Columbus, United States
- Employees 312 as on 31 Dec, 2022
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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 Creditshop, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$34.52 M (USD)
in 1 rounds
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Latest Funding Round
$34.52 M (USD), Series B
Oct 20, 2015
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Investors
Renren
& 2 more
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Employee Count
312
as on Dec 31, 2022
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Acquired by
Varde Partners
(Nov 13, 2017)
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Software Development Team
27 people
Data Analysis and Operations Team
13 people
Head Team
6 people
Leadership Team
5 people
Finance and Accounting
4 people
Operations Team
4 people
Senior Team
3 people
Human Resources and Administration
2 people
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Funding Insights of CreditShop
CreditShop has successfully raised a total of $34.52M through 1 strategic funding round. The most recent funding activity was a Series B round of $34.52 million completed in October 2015. 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 Series B — $34.5M
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First Round
First Round
(20 Oct 2015)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2015 | Amount | Series B - CreditShop | Valuation |
investors |
| 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 CreditShop
CreditShop has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Renren, Varde Partners and Green Visor Capital. 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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US tech investments are targeted by Green Visor Capital.
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Founded Year | Domain | Location | |
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Global investment firm focusing on credit and credit-related assets across markets.
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Founded Year | Domain | Location | |
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Online social networking is enabled via communication and media sharing.
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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 CreditShop
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - CreditShop
| 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 |
Creditshop Comparisons
Competitors of CreditShop
CreditShop 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 LendingPoint, Possible Finance, Best Egg, Stilt and OneBlinc, 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 |
Personal loans are facilitated through an online marketplace platform.
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| domain | founded_year | HQ Location |
Multiple consumer loans are offered through an online platform.
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| domain | founded_year | HQ Location |
Personal loans are offered via an online platform.
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| domain | founded_year | HQ Location |
Online loans are extended to underserved immigrants through data analysis.
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| domain | founded_year | HQ Location |
Loans are facilitated for federal employees via an online marketplace.
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| domain | founded_year | HQ Location |
Debt refinancing is enabled online for accredited investors by invitation.
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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 Creditshop
Frequently Asked Questions about CreditShop
When was CreditShop founded?
CreditShop was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is CreditShop located?
CreditShop is headquartered in Columbus, United States. It is registered at Columbus, Ohio, United States.
Who is the current CEO of CreditShop?
James Peterson is the current CEO of CreditShop.
Is CreditShop a funded company?
CreditShop is a funded company, having raised a total of $34.52M across 1 funding round to date. The company's 1st funding round was a Series B of $34.52M, raised on Oct 20, 2015.
How many employees does CreditShop have?
As of Dec 31, 2022, the latest employee count at CreditShop is 312.
What does CreditShop do?
CreditShop was established in 2013 in Columbus, United States, within the financial services sector. Unsecured personal loans between 500 and 3,000 are extended at annual percentage rates from 29.9 to 36. Repayment periods range from 36 to 48 months. The application process is conducted entirely online, with decisions delivered in minutes according to company statements. Operations focus on quick-access lending for individuals.
Who are the top competitors of CreditShop?
CreditShop's top competitors include Best Egg, LendingPoint and Possible Finance.
Who are CreditShop's investors?
CreditShop has 3 investors. Key investors include Renren, Varde Partners, and Green Visor Capital.