About Lift Credit
Lift Credit is a company based in Provo (United States) founded in 2013 by Travis Hansen.. Lift Credit operates in a competitive market with competitors including FloatMe, Fig Loans, Better Financial Corporation, Mr Lender and Plain Green Loans, among others.
- Headquarter Provo, United States
- Founders Travis Hansen
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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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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$1.8 M (USD), Debt – Conventional
Jan 12, 2016
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Investors
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Employee Count
Employee Count
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Funding Insights of Lift Credit
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $1.8M
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First Round
First Round
(12 Jan 2016)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2016 | Amount | Debt – Conventional - Lift 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 |
Investments & Acquisitions by Lift 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 - Lift Credit
| 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 |
Lift Credit Comparisons
Competitors of Lift Credit
Lift 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 FloatMe, Fig Loans, Better Financial Corporation, Mr Lender and Plain Green Loans, 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 |
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| domain | founded_year | HQ Location |
Online platform for cash advance loans
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| domain | founded_year | HQ Location |
Short-term loans of $300 to $750 are extended to individuals.
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| domain | founded_year | HQ Location |
Online platform for instant cash advancesand credit building
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| domain | founded_year | HQ Location |
Operates as a payday lender providing short-term loans.
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| domain | founded_year | HQ Location |
Operates as an online platform offering payday loans to individuals.
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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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Frequently Asked Questions about Lift Credit
When was Lift Credit founded?
Lift Credit was founded in 2013 and raised its 1st funding round 3 years after it was founded.
Where is Lift Credit located?
Lift Credit is headquartered in Provo, United States. It is registered at Provo, Utah, United States.
Who is the current CEO of Lift Credit?
Travis Hansen is the current CEO of Lift Credit. They have also founded this company.
What does Lift Credit do?
Lift Credit is an online platform for installment loans up to 2500, and positions itself as a cheaper alternative to payday loans at APR between 99 to 450. To be eligible, the applicant must be in current employment for 3 months or longer, and earning an income more than 1300 per month. The loan application process is online and there are no credit checks. Loans are disbursed on the same day via ACH.
Who are the top competitors of Lift Credit?
Lift Credit's top competitors include FloatMe, Fig Loans and Better Financial Corporation.