About Veros Credit
Veros Credit is a company based in Santa Ana (United States) founded in 2010 by Cyrus K B Bozorgi.. The company has 217 employees as of December 31, 2022. Veros Credit offers products and services including Auto Financing Solutions and Dealer Services. Veros Credit operates in a competitive market with competitors including Octane, Mercedes-Benz Financial Services, Credit Acceptance, GM Financial and Foursight Capital, among others.
- Headquarter Santa Ana, United States
- Employees 217 as on 31 Dec, 2022
- Founders Cyrus K B Bozorgi
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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 Veros Credit Llc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$205 M (USD), Debt – Conventional
Feb 04, 2016
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Investors
J P Morgan
& 1 more
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Employee Count
217
as on Dec 31, 2022
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Products & Services of Veros Credit
Veros Credit offers a comprehensive portfolio of products and services, including Auto Financing Solutions and Dealer 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.
Acquires and services motor vehicle retail installment contracts for customers.
Provides support and financing programs to automobile dealers.
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Funding Insights of Veros Credit
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $205.0M
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First Round
First Round
(04 Feb 2016)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2016 | Amount | Debt – Conventional - Veros 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 Veros Credit
Veros Credit has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include J P Morgan and Capital One. 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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Provider of loans, credit cards, and savings services
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Founded Year | Domain | Location | |
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Comprehensive financial services are provided to corporations and individuals.
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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 Veros 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 - Veros 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 |
Veros Credit Comparisons
Competitors of Veros Credit
Veros 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 Octane, Mercedes-Benz Financial Services, Credit Acceptance, GM Financial and Foursight Capital, 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 |
Instant financing solutions are offered for vehicle purchases by Octane.
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| domain | founded_year | HQ Location |
Auto financing services are offered by Mercedes-Benz's subsidiary.
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| domain | founded_year | HQ Location |
Auto finance is extended to consumers via nationwide dealer networks.
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| domain | founded_year | HQ Location |
Automotive financing and loans are provided to vehicle purchasers.
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| domain | founded_year | HQ Location |
Provider of automobile financing services
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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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Latest news on Veros Credit
Frequently Asked Questions about Veros Credit
When was Veros Credit founded?
Veros Credit was founded in 2010 and raised its 1st funding round 6 years after it was founded.
Where is Veros Credit located?
Veros Credit is headquartered in Santa Ana, United States. It is registered at Santa Ana, California, United States.
Who is the current CEO of Veros Credit?
Cyrus K B Bozorgi is the current CEO of Veros Credit. They have also founded this company.
How many employees does Veros Credit have?
As of Dec 31, 2022, the latest employee count at Veros Credit is 217.
What does Veros Credit do?
Veros Credit was founded in 2010 by Cyrus K B Bozorgi in Santa Ana, United States. Operations are centered on the automotive financing sector, where auto loans are extended to customers. Services are managed through the domain veroscredit.com, focusing on loan provision without broader financial products. The company remains headquartered in Santa Ana, serving the domestic market with standard auto lending practices.
Who are the top competitors of Veros Credit?
Veros Credit's top competitors include Octane, Credit Acceptance and Mercedes-Benz Financial Services.
What products or services does Veros Credit offer?
Veros Credit offers Auto Financing Solutions and Dealer Services.
Who are Veros Credit's investors?
Veros Credit has 2 investors. Key investors include J P Morgan, and Capital One.
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