About Creditspring
Creditspring is a company based in London (United Kingdom) founded in 2016 by Neil Kadagathur and Aravind Chandrasekaran.. Creditspring has raised $74.44 million across 4 funding rounds from investors including Chip Dunn. The company has 57 employees as of December 31, 2023. Creditspring offers products and services including Membership Loans, Credit Building Tools, and Personal Loans. Creditspring operates in a competitive market with competitors including M Kopa, Abound, International Personal Finance, Funeral Safe and Fluro, among others.
- Headquarter London, United Kingdom
- Employees 57 as on 31 Dec, 2023
- Founders Neil Kadagathur, Aravind Chandrasekaran
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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
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- Legal Name Inclusive Finance Limited
- Date of Incorporation 13 Dec, 2016
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
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Net Profit
$-8.92 M (USD)-163as on Dec 31, 2021
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EBITDA
$-8.92 M (USD)-162as on Dec 31, 2021
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Total Equity Funding
$74.44 M (USD)
in 4 rounds
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Latest Funding Round
$9.62 M (USD), Series A
Jul 19, 2022
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Investors
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Employee Count
57
as on Dec 31, 2023
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Products & Services of Creditspring
Creditspring offers a comprehensive portfolio of products and services, including Membership Loans, Credit Building Tools, and Personal Loans. 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.
Offers no-interest loans via membership fees for short-term needs.
Provides resources to track and improve user credit scores effectively.
Facilitates unsecured loans for emergencies and daily expenses without hidden fees.
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Funding Insights of Creditspring
Creditspring has successfully raised a total of $74.44M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $9.62 million completed in July 2022. 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 — $9.6M
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First Round
First Round
(12 Dec 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2022 | Amount | Series A - Creditspring | Valuation |
investors |
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| May, 2022 | Amount | Series A - Creditspring | Valuation | Chip Dunn |
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| Oct, 2019 | Amount | Seed - Creditspring | 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 Creditspring
Creditspring has secured backing from 1 investor, including angel investors. Prominent investors backing the company include Chip Dunn. 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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CD
Chip Dunn |
Angel investor focusing on early-stage Indian startups, based in Bangalore.
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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 Creditspring
| 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 - Creditspring
| 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 |
Creditspring Comparisons
Competitors of Creditspring
Creditspring 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 M Kopa, Abound, International Personal Finance, Funeral Safe and Fluro, 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 |
Affordable solar power is provided to households in Kenya.
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| domain | founded_year | HQ Location |
Personal loans are provided by Abound for various needs.
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| domain | founded_year | HQ Location |
Consumer loans and offline home credits are provided to customers.
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| domain | founded_year | HQ Location |
Online funeral loans are facilitated via a dedicated platform.
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| domain | founded_year | HQ Location |
Unsecured personal loans are facilitated through an online platform.
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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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| 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 Creditspring
Frequently Asked Questions about Creditspring
When was Creditspring founded?
Creditspring was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Creditspring located?
Creditspring is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Creditspring?
Neil Kadagathur is the current CEO of Creditspring. They have also founded this company.
Is Creditspring a funded company?
Creditspring is a funded company, having raised a total of $74.44M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1.84M, raised on Dec 12, 2017.
How many employees does Creditspring have?
As of Dec 31, 2023, the latest employee count at Creditspring is 57.
What does Creditspring do?
Creditspring was founded in 2016 in London, United Kingdom, within the fintech sector. A platform for personal loans is operated, with products developed to support customers financial well-being. Alternatives to high-cost loans are provided through this service. An application for FCA permission to conduct consumer credit activities has been submitted, enabling operations across the UK market.
Who are the top competitors of Creditspring?
Creditspring's top competitors include M Kopa, Abound and Funeral Safe.
What products or services does Creditspring offer?
Creditspring offers Membership Loans, Credit Building Tools, and Personal Loans.
Who are Creditspring's investors?
Creditspring has 1 investor. Key investors include Chip Dunn.
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