About Gain Credit
Gain Credit is a company based in San Diego (United States) founded in 2003 by Steve Biafore.. Gain Credit has raised $35 million across 3 funding rounds from investors including Crystal Financial, Mohr Davidow Ventures and Crosslink Capital. The company has 210 employees as of March 31, 2024. Gain Credit offers products and services including Drafty and Lending Stream. Gain Credit operates in a competitive market with competitors including Upstart, Figure, Laurel Road, Tala and Stonebriar Commercial Finance, among others.
- Headquarter San Diego, United States
- Employees 210 as on 31 Mar, 2024
- Founders Steve Biafore
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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 Global Analytics India Private Limited
- Date of Incorporation 31 Dec, 2003
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$9.14 M (USD)11.02as on Mar 31, 2023
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Net Profit
$661.69 K (USD)2.13as on Mar 31, 2023
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EBITDA
$1.43 M (USD)0.81as on Mar 31, 2023
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Total Equity Funding
$35 M (USD)
in 3 rounds
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Latest Funding Round
$30 M (USD), Debt – Conventional
Jul 08, 2013
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Investors
Crystal Financial
& 4 more
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Employee Count
210
as on Mar 31, 2024
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Products & Services of Gain Credit
Gain Credit offers a comprehensive portfolio of products and services, including Drafty and Lending Stream. 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.
Innovative borrowing option for responsible credit access.
Alternative to payday loans for consumer financial needs.
Unlock access to complete
Funding Insights of Gain Credit
Gain Credit has successfully raised a total of $35M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $30 million completed in July 2013. 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 3
- Last Round Debt – Conventional — $30.0M
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First Round
First Round
(30 Oct 2009)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2013 | Amount | Debt – Conventional - Gain Credit | Valuation |
investors |
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| May, 2012 | Amount | Series D - Gain Credit | Valuation | Mohr Davidow Ventures | |
| Oct, 2009 | Amount | Series B - Gain Credit | 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 Gain Credit
Gain Credit has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Crystal Financial, Mohr Davidow Ventures and Crosslink 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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Debt financing is offered to US tech and offline companies.
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Founded Year | Domain | Location | |
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Venture capital investments are managed in technology and healthcare sectors by this firm.
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Founded Year | Domain | Location | |
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Venture capital is invested in various sectors by Crosslink Capital.
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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 Gain Credit
| 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 - Gain Credit
| 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 |
Gain Credit Comparisons
Competitors of Gain Credit
Gain Credit 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 Upstart, Figure, Laurel Road, Tala and Stonebriar Commercial Finance, 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 |
Diversified loans are provided via an AI-enabled online marketplace.
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| domain | founded_year | HQ Location |
Figure is recognized as a leading non-bank HELOC lender in the U.S.
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| domain | founded_year | HQ Location |
Student loan refinancing, mortgages, and personal loans are offered online.
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| domain | founded_year | HQ Location |
Fintech services for credit, savings, and payments are delivered globally.
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| domain | founded_year | HQ Location |
Commercial financing services are provided to U.S. businesses.
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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 Gain Credit
Frequently Asked Questions about Gain Credit
When was Gain Credit founded?
Gain Credit was founded in 2003 and raised its 1st funding round 6 years after it was founded.
Where is Gain Credit located?
Gain Credit is headquartered in San Diego, United States. It is registered at San Diego, California, United States.
Is Gain Credit a funded company?
Gain Credit is a funded company, having raised a total of $35M across 3 funding rounds to date. The company's 1st funding round was a Series B of $10M, raised on Oct 30, 2009.
How many employees does Gain Credit have?
As of Mar 31, 2024, the latest employee count at Gain Credit is 210.
What is the annual revenue of Gain Credit?
Annual revenue of Gain Credit is $9.14M as on Mar 31, 2023.
What does Gain Credit do?
Gain Credit was founded in 2003 and is headquartered in San Diego, United States. Operations are conducted in the alternative lending fintech sector across the UK and India. In the UK, Lending Stream is managed for four- to six-month emergency loans with instant decisions, while Drafty provides personal credit lines for millennials. In India, OYE! is operated as a one-year loan product for young workers new to credit.
Who are the top competitors of Gain Credit?
Gain Credit's top competitors include Upstart, Figure and Laurel Road.
What products or services does Gain Credit offer?
Gain Credit offers Drafty and Lending Stream.
Who are Gain Credit's investors?
Gain Credit has 5 investors. Key investors include Crystal Financial, Mohr Davidow Ventures, Crosslink Capital, Leapfrog Ventures, and QED Investors.