About Ready Credit Corporation
Ready Credit Corporation is a company based in Eden Prairie (United States) founded in 2006.. Ready Credit Corporation has raised $2.05 million across 2 funding rounds from investors including Clarion Capital Partners. Ready Credit Corporation offers products and services including Cash-to-Card Kiosks, Debit Card Programs, Load to Wallet, Transit Solutions, and ReadyPAYOUTS. Ready Credit Corporation operates in a competitive market with competitors including Inforbus, EZ-Link, Macau Pass, iPASS and Snapper, among others.
- Headquarter Eden Prairie, United States
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Ready 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
$2.05 M (USD)
in 2 rounds
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Products & Services of Ready Credit Corporation
Ready Credit Corporation offers a comprehensive portfolio of products and services, including Cash-to-Card Kiosks, Debit Card Programs, Load to Wallet, Transit Solutions, and ReadyPAYOUTS. 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.
Devices that convert cash to prepaid cards for seamless transactions.
Customized programs for group sales and disbursements.
Platforms for adding funds to digital wallets via kiosks.
Contactless payments to optimize transit schedules.
Systems for efficient cash handling and payouts.
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Funding Insights of Ready Credit Corporation
Ready Credit Corporation has successfully raised a total of $2.05M across 2 strategic funding rounds. 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 Last Round
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First Round
First Round
(09 Feb 2012)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Seed - Ready Credit Corporation | Valuation | Clarion Capital Partners |
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| Feb, 2012 | Amount | Seed - Ready Credit Corporation | 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 Ready Credit Corporation
Ready Credit Corporation has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Clarion Capital Partners. 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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Clarion Capital Partners is engaged in private equity and credit 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 Ready Credit Corporation
| 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 - Ready Credit Corporation
| 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 |
Ready Credit Corporation Comparisons
Competitors of Ready Credit Corporation
Ready Credit Corporation 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 Inforbus, EZ-Link, Macau Pass, iPASS and Snapper, 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 |
Provides payment gateway solutions tailored for transportation businesses.
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| domain | founded_year | HQ Location |
Provides prepaid card solutions for businesses.
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| domain | founded_year | HQ Location |
Prepaid cards for public transportation in Macau are offered.
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| domain | founded_year | HQ Location |
NFC-enabled prepaid cards for public transport and payments are provided.
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| domain | founded_year | HQ Location |
Contactless NFC payment services are offered in New Zealand.
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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 Ready Credit Corporation
When was Ready Credit Corporation founded?
Ready Credit Corporation was founded in 2006 and raised its 1st funding round 6 years after it was founded.
Where is Ready Credit Corporation located?
Ready Credit Corporation is headquartered in Eden Prairie, United States. It is registered at Eden Prairie, Minnesota, United States.
Who is the current CEO of Ready Credit Corporation?
Brian Hedberg is the current CEO of Ready Credit Corporation.
Is Ready Credit Corporation a funded company?
Ready Credit Corporation is a funded company, having raised a total of $2.05M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.05M, raised on Feb 09, 2012.
What does Ready Credit Corporation do?
Ready Credit Corporation was founded in 2006 and is based in Eden Prairie, United States. Prepaid cards are provided by the company for public transit systems, airport metros, and cashless events. Self-service ReadySTATION kiosks are also operated for card recharging at airports, events, and other locations. Operations focus on facilitating contactless payments in transportation and event sectors.
Who are the top competitors of Ready Credit Corporation?
Ready Credit Corporation's top competitors include Macau Pass, iPASS and Snapper.
What products or services does Ready Credit Corporation offer?
Ready Credit Corporation offers Cash-to-Card Kiosks, Debit Card Programs, Load to Wallet, Transit Solutions, and ReadyPAYOUTS.
Who are Ready Credit Corporation's investors?
Ready Credit Corporation has 1 investor. Key investors include Clarion Capital Partners.