Premium Credit
About Premium Credit
Premium Credit is a company founded in 1988 was acquired by TowerBrook in May 2022.. The company has 396 employees as of December 31, 2021. Premium Credit offers products and services including Personal Insurance Finance, Business Insurance Finance, and School Fee Plan.
- Employees 396 as on 31 Dec, 2021
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Premium Credit Ltd
-
Annual Revenue
$141.96 K (USD)0as on Dec 31, 2020
-
Net Profit
$58.31 K (USD)0as on Dec 31, 2020
-
EBITDA
-
Latest Funding Round
-
Investors
Mbna
& 3 more
-
Employee Count
396
as on Dec 31, 2021
- Acquired by
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Premium Credit
Premium Credit offers a comprehensive portfolio of products and services, including Personal Insurance Finance, Business Insurance Finance, and School Fee Plan. 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.
Financing option for paying insurance premiums in installments
Service to spread costs of business insurance payments
Monthly payment solution for independent school fees and extras
Funding Insights of Premium Credit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Premium Credit
Premium Credit has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Mbna, GTCR Chicago Private Equity Firm and TowerBrook. 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 |
|---|---|---|---|---|
|
Private equity investments and firm management in Chicago.
|
Founded Year | Domain | Location | |
|
TowerBrook is engaged in private equity and impact investments.
|
Founded Year | Domain | Location | |
|
Private equity investments and portfolio management services are provided by Cinven across various sectors.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Premium Credit
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Premium Credit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Premium Credit Comparisons
Competitors of Premium Credit
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Premium Credit
Frequently Asked Questions about Premium Credit
When was Premium Credit founded?
Premium Credit was founded in 1988.
How many employees does Premium Credit have?
As of Dec 31, 2021, the latest employee count at Premium Credit is 396.
What is the annual revenue of Premium Credit?
Annual revenue of Premium Credit is $141.96K as on Dec 31, 2020.
What does Premium Credit do?
Premium Credit was founded in 1988 as an online platform specializing in insurance premium financing. Installment credit options are offered to individuals and businesses for consumer and commercial insurance policies. Additional financing is provided for non-insurance items, including golf club memberships, school fees, professional fees, subscription services, commercial charges, and audit fees. Operations focus on the financial services sector without specified geographic limitations.
What products or services does Premium Credit offer?
Premium Credit offers Personal Insurance Finance, Business Insurance Finance, and School Fee Plan.
Who are Premium Credit's investors?
Premium Credit has 4 investors. Key investors include Mbna, GTCR Chicago Private Equity Firm, TowerBrook, and Cinven.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.