Sign up Australia
Proactive Investors - Run By Investors For Investors

Credible Labs to start trading on the ASX after raising $66 million

The company has already originated more than US$1 billion in loans through its marketplace.
a bottle containing coins and a plant
The consumer loans startup was founded in 2012

Credible Labs Inc (ASX:CRD) will start trading on the ASX from today after raising $66 million from an initial public offering (IPO) , at $1.21 per share.

The consumer loans startup was founded in 2012 as a marketplace for student loans, but has since expanded to more lucrative areas of personal loans and credit cards.

Credible’s marketplace approach provides personalised rates for borrowers from multiple lenders.

The company has already signed up 650,000 users and has originated more than US$1 billion in loans through its marketplace.

Credible plans to use the proceeds of the IPO to further develop the company’s technology platform, add more partnerships and continue to grow its customer base.

There have been significant advances in consumer technology over the last decade, and financial institutions are increasingly willing to embrace products that improve outcomes for consumers.





Register here to be notified of future CRD Company articles
View full CRD profile View Profile

Related Articles

UUV-Aquabotix_Hybrid-and-Endura-pic-757.jpg
June 19 2017
Brendan Martin talked underwater drone technology and commercialisation.
pioneering_tech_-__smart_burner_-_woman_hands_fire.png
May 18 2017
In 2016, Pioneering's market capitalization increased by 1,170% and its share price appreciated by 725%.
bluechiip-andrew-mclelland-presenting-Syd-Mar-2017.png
March 17 2017
Andrew McLellan discussed with investors wiresless tracking technology.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use