Credible, a multi-lender student loan marketplace that allows borrowers to receive competitive loan offers from its vetted lending partners, announced on Wednesday that it has closed its recent $10 million Series A funding round. This round was led by Soul Htite, founder and CEO of Dianrong.com/ co-founder of LendingClub, with participation from Ron Suber, President of Prosper, and online lending pioneer Scott Langmack.
Stephen Dash, founder and CEO of Credible, shared:
“We’re building Credible for the future of online lending – providing borrowers with choice, better information, and simplicity of process,” said . “Simply put, we are making student loans more fair. In Soul, Ron and Scott, we have three of the most experienced individuals in online lending which will allow us to accelerate our growth.”
As an independent, multi-lender marketplace that has been adopted by some of the most prestigious organizations in the country, including the American Medical Association, the American Pharmacists Association, and Georgia Tech Alumni Association, Credible provides borrowers with unbiased information and multiple offers from its lending partners.
Htite added:
“The speed of innovation occurring in financial services has created a once in a generation opportunity. Credible’s unique model is fundamentally changing the dynamics of the loan selection process. We see Credible as a core fixture of the next phase of online lending.”
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