About Simple Credit
Simple Credit is a company based in Montreal (Canada) founded in 2021. It operates as a B2C, and D2C. Simple Credit offers products and services including Personal Loan, Credit Card, Debt Consolidation, Mortgage, and Student Loan. Simple Credit operates in a competitive market with competitors including GE Capital, Fairstone, Accord Financial, MCAP and Home Capital Group, among others.
- Headquarter Montreal, Canada
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Latest Funding Round
-
Investors
-
Employee Count
Employee Count
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 Simple Credit
Simple Credit offers a comprehensive portfolio of products and services, including Personal Loan, Credit Card, Debt Consolidation, Mortgage, and Student Loan. 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 loans from $500 to $1500 for personal financial needs.
Offers cards with varying limits and rates for everyday spending.
Helps combine debts into manageable repayment plans.
Facilitates home loans with flexible terms and approvals.
Supports educational funding through dedicated loan options.
Funding Insights of Simple 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 |
Investments & Acquisitions by Simple 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 - Simple 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 |
Simple Credit Comparisons
Competitors of Simple Credit
Simple 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 GE Capital, Fairstone, Accord Financial, MCAP and Home Capital Group, 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 |
Commercial aircraft and equipment leasing and lending services are provided.
|
|
| domain | founded_year | HQ Location |
Diversified lending services are offered by Fairstone as an NBFI.
|
|
| domain | founded_year | HQ Location |
Working capital and asset-based loans are provided to businesses.
|
|
| domain | founded_year | HQ Location |
Residential and commercial mortgage services are provided across Canada.
|
|
| domain | founded_year | HQ Location |
Residential and non-residential mortgage loans are provided in Canada.
|
|
| domain | founded_year | HQ Location |
Diversified lending services are provided by this Canadian NBFI.
|
| 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.
|
Frequently Asked Questions about Simple Credit
When was Simple Credit founded?
Simple Credit was founded in 2021.
Where is Simple Credit located?
Simple Credit is headquartered in Montreal, Canada. It is registered at Montreal, Quebec, Canada.
What does Simple Credit do?
Simple Credit is a financial services provider that offers personal loans, mortgages, debt consolidation, credit cards, and student loans to individuals in Canada. Operating through an online platform and virtual branches in provinces like Québec and Ontario, it focuses on quick approvals, flexible repayment options, and support regardless of credit history. The company emphasizes easy applications and instant deposits to help clients manage their financial needs efficiently.
Who are the top competitors of Simple Credit?
Simple Credit's top competitors include GE Capital, Fairstone and MCAP.
What products or services does Simple Credit offer?
Simple Credit offers Personal Loan, Credit Card, Debt Consolidation, Mortgage, and Student Loan.