# SimplyCredit

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/simplycredit

- Industry: Financial Services
- Headquarters: San Francisco, US
- Website: www.simplycreditinc.com
- Total disclosed funding: $1.5M
- Latest round: Seed (Sep 17, 2015)
- Investors on record: 2

## About

SimplyCredit Inc. is a financial services company that focuses on enhancing access to credit through innovative tools and consulting services designed for both individuals and small businesses.SimplyCredit Inc. specializes in offering financial solutions that improve credit accessibility. The company is headquartered in San Francisco, US. It has undergone a strategic pivot towards personalized consulting and educational resources, targeting individual consumers and small to medium-sized businesses. Founded by a team with diverse entrepreneurial backgrounds, it has successfully raised USD 1.5 mn in Seed funding from investors including Blumberg Capital and XSeed Capital as of September 2015, marking its first funding round.Simply Credit Inc. specializes in providing a range of financial solutions designed to facilitate easier access to credit for individuals and businesses. Their core product offerings include a suite of credit management tools, educational resources, and personalized consulting services aimed at improving financial literacy and credit scores. These products are tailored to meet the needs of consumers looking to enhance their financial standing, as well as small business owners seeking to secure funding and manage credit effectively. Through their innovative platform, Simply Credit Inc. addresses common pain points in the credit acquisition process, specifically targeting markets in North America and Europe where consumers are increasingly seeking streamlined financial services. The company serves a diverse client base that includes individual consumers, small to medium-sized businesses, and financial institutions looking for effective credit solutions.Simply Credit Inc. generates revenue through a combination of service fees, subscription models, and partnerships with financial institutions. Typical transactions involve clients purchasing access to credit management tools or engaging in consulting services aimed at improving their credit profiles. Subscriptions may include tiered pricing plans that offer various levels of access to educational content and personalized support, while partnerships with banks and credit unions allow for a seamless integration of services. The company’s revenue structure is designed to cater to both B2B and direct-to-consumer markets, enhancing its financial ecosystem. Key services contribute to ongoing revenue streams, with flagship offerings emphasizing affordability and accessibility for both individual and organizational clients.SimplyCredit Inc. aims to leverage the recent Seed funding of USD 1.5 mn raised in September 2015 to expand its portfolio of credit management solutions. The company plans to introduce new product features that enhance user experience by the end of 2023. Additionally, it is targeting expansion into European markets, with a specific focus on the UK and Germany, set for mid-2024. This strategic growth will facilitate broader access to its services, allowing for enhanced financial literacy and credit management opportunities across new geographic areas.

## Funding rounds

- Seed, Sep 17, 2015, $1.5M — Blumberg Capital, X/Seed

## Investors

- Blumberg Capital (https://capitalatlas.ai/funds/blumberg-capital) — Seed
- X/Seed (https://capitalatlas.ai/funds/x-seed) — Seed