Credibly Announces The Acquisition Of Proapprove And The Closing Of A $350 Million Forward Flow Agreement For The Purchase Of Home Improvement Installment Contract Receivables
Jun 13, 2022•about 3 years ago
Acquiring Company
Credibly
Acquired Company
Credibly
Description
Credibly, a leading fintech lending platform for small and medium-sized businesses, today announces its 2021 acquisition of ProApprove, a specialty finance company offering home improvement financing solutions to homeowners with prime, near-prime, and non-prime credit. ProApprove, now powered by Credibly’s industry-leading data science, technology, and risk management expertise, originates installment contracts through its growing network of home improvement contractors, helping those contractors drive significant revenue growth by enabling them to sell their products and services to homeowners across the credit spectrum.
DealWatch™ Score
60
High M&A Activity
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