About Platinum Credit
Platinum Credit is a company based in Nairobi (Kenya) founded in 2002. It operates as a Commission-Based. Platinum Credit offers products and services including Logbook Loans, Check Off Loan, SME Loans, Landlord Loans, and Insurance Premium Financing. Platinum Credit operates in a competitive market with competitors including Gojo, Maisha Bank, Century Microfinance Bank, Caritas MFB and Faulu Kenya, among others.
- Headquarter Nairobi, Kenya
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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 Platinum Credit Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$45 M (USD), Debt – Conventional
May 23, 2022
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Investors
International Finance Corporation
& 1 more
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Employee Count
Employee Count
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Products & Services of Platinum Credit
Platinum Credit offers a comprehensive portfolio of products and services, including Logbook Loans, Check Off Loan, SME Loans, Landlord Loans, and Insurance Premium Financing. 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.
Cash is provided within 24 hours using logbook.
Quick loans are offered against civil servant payslips.
Business growth is supported with quick loan access.
Loans are provided against rental income for landlords.
Comprehensive insurance cover is financed within 24 hours.
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Funding Insights of Platinum Credit
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $45.0M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Debt – Conventional - Platinum Credit | Valuation |
investors |
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| Jan, 2013 | Amount | Private Equity Round - Platinum Credit | 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 Platinum Credit
Platinum Credit has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include International Finance Corporation and Centum. 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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IFC is focused on private sector development in emerging markets.
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Founded Year | Domain | Location | |
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Centum Investment Company PLC is focused on diversified investments.
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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 Platinum 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 - Platinum 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 |
Platinum Credit Comparisons
Competitors of Platinum Credit
Platinum 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 Gojo, Maisha Bank, Century Microfinance Bank, Caritas MFB and Faulu Kenya, 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 |
Microcredit is extended to individuals and businesses in need.
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| domain | founded_year | HQ Location |
Microfinance bank
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| domain | founded_year | HQ Location |
Microfinance loans and services are extended to Kenyan communities.
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| domain | founded_year | HQ Location |
Provides microfinance accounts, loans, and insurance for personal and business needs.
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| domain | founded_year | HQ Location |
Provides microcredit services to support low-income individuals and businesses.
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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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Frequently Asked Questions about Platinum Credit
When was Platinum Credit founded?
Platinum Credit was founded in 2002 and raised its 1st funding round 11 years after it was founded.
Where is Platinum Credit located?
Platinum Credit is headquartered in Nairobi, Kenya.
What does Platinum Credit do?
Various loan products and financial services are offered by Platinum Credit LTD in Kenya. Quick loans such as logbook loans, check-off loans for civil servants, SME loans for business growth, landlord loans against rental income, and insurance premium financing are provided. The company operates primarily in the consumer finance sector, focusing on personal and business financing needs. Headquartered in Nairobi, support is extended to individuals and businesses through tailored financial solutions.
Who are the top competitors of Platinum Credit?
Platinum Credit's top competitors include Gojo, Sumac Microfinance Bank and Century Microfinance Bank.
What products or services does Platinum Credit offer?
Platinum Credit offers Logbook Loans, Check Off Loan, SME Loans, Landlord Loans, and Insurance Premium Financing.
Who are Platinum Credit's investors?
Platinum Credit has 2 investors. Key investors include International Finance Corporation, and Centum.
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