About PremierCredit
PremierCredit is a company based in Kitwe (Zambia) founded in 2019 by Chilufya Mutale.. PremierCredit has raised $3.15 million across 2 funding rounds from investors including Enygma Ventures. PremierCredit offers products and services including Personal Loans, Business Loans, Peer-to-Peer Investments, Mobile Wallet, and Insurance Services. PremierCredit operates in a competitive market with competitors including FairMoney, Mighty Finance Solutions, Vastkamloans and Fincred Finance, among others.
- Headquarter Kitwe, Zambia
- Founders Chilufya Mutale
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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 Premier Credit Corp.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.15 M (USD)
in 2 rounds
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Latest Funding Round
$2.5 M (USD), Series A
Sep 22, 2023
- Investors
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Employee Count
Employee Count
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Products & Services of PremierCredit
PremierCredit offers a comprehensive portfolio of products and services, including Personal Loans, Business Loans, Peer-to-Peer Investments, Mobile Wallet, and Insurance Services. 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.
Provides quick access to loans for individual financial needs.
Offers loans tailored for business growth and operations.
Platform for investing in loans to generate returns.
Digital tool for sending, receiving, and managing money.
Provides protection tailored to individual circumstances.
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Legal and Compliance
1 people
Co Team
1 people
Leadership Team
1 people
Branch Team
1 people
Sales and Marketing
1 people
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Funding Insights of PremierCredit
PremierCredit has successfully raised a total of $3.15M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $2.5 million completed in September 2023. 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 2
- Last Round Series A — $2.5M
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First Round
First Round
(21 Dec 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2023 | Amount | Series A - PremierCredit | Valuation |
investors |
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| Dec, 2020 | Amount | Seed - PremierCredit | Valuation | Enygma Ventures |
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| 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 |
Investors in PremierCredit
PremierCredit has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Enygma Ventures. 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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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 PremierCredit
| 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 - PremierCredit
| 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 |
Premiercredit Comparisons
Competitors of PremierCredit
PremierCredit 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 FairMoney, Mighty Finance Solutions, Vastkamloans and Fincred 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 |
Digital microfinance banking services are offered to individuals.
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| domain | founded_year | HQ Location |
Consumer and business loans are provided via an online platform.
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| domain | founded_year | HQ Location |
Delivers comprehensive lending solutions for individuals and businesses through an online platform.
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| domain | founded_year | HQ Location |
Offers comprehensive financing solutions for individuals and enterprises to meet their funding needs.
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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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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 Premiercredit
Frequently Asked Questions about PremierCredit
When was PremierCredit founded?
PremierCredit was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is PremierCredit located?
PremierCredit is headquartered in Kitwe, Zambia. It is registered at Kitwe, Copperbelt, Zambia.
Who is the current CEO of PremierCredit?
Chilufya Mutale is the current CEO of PremierCredit. They have also founded this company.
Is PremierCredit a funded company?
PremierCredit is a funded company, having raised a total of $3.15M across 2 funding rounds to date. The company's 1st funding round was a Seed of $650K, raised on Dec 21, 2020.
What does PremierCredit do?
PremierCredit was founded in 2019 and is based in Kitwe, Zambia. Personal loans for individuals and financing options for small and medium-sized enterprises are offered as core services. Operations focus on the Zambian market, supporting credit needs through established lending practices. The company is led by founder and CEO Chilufya Mutale, with its online presence maintained via premiercredit.co.zm.
Who are the top competitors of PremierCredit?
PremierCredit's top competitors include FairMoney, Mighty Finance Solutions and Vastkamloans.
What products or services does PremierCredit offer?
PremierCredit offers Personal Loans, Business Loans, Peer-to-Peer Investments, Mobile Wallet, and Insurance Services.
Who are PremierCredit's investors?
PremierCredit has 1 investor. Key investors include Enygma Ventures.