Company:Credible Labs
Template:Infobox Dotcom company
Credible Labs Inc. (abbreviated as CRD or Credible.com) is an online loan origination marketplace and financial technology company headquartered in San Francisco . It offers users the ability to compare and refinance loans. The company is a subsidiary of Fox Corporation.
History
The company was founded in 2012 by Stephen Dash. Credible originally began as a platform for refinancing student loans. It has since expanded its loan offerings to direct origination of student loans,credit cards, personal loans and mortgages.
In December 2017, Credible Labs became a public company via an initial public offering on the Australian Securities Exchange (ASX), raising US$50 million in what was the largest technology IPO of 2017.[1] The ASX was chosen due to early investors being located predominantly in Australia and Asia, and scarcity of similar exposure to other financial technology companies.[2][3]
In April 2019, Credible Labs signed a trial mortgage partnership with Realtor.com, the second largest digital real estate platform in the United States.[4]
In October 2019, the company was acquired by Fox Corporation for AU$585 million.[5][6][7][8][9][10][11][12]
References
- ↑ Smith, Paul. "Credible founder Stephen Dash comes home for biggest ASX tech IPO of 2017". Australian Financial Review. https://www.afr.com/technology/credible-founder-stephen-dash-comes-home-for-biggest-asx-tech-ipo-of-2017-20171206-h006wu. Retrieved 5 April 2019.
- ↑ White, Jemima. "Credible Lab CEO Stephen Dash likens ASX to 'junior Nasdaq'". Australian Financial Review. https://www.afr.com/markets/credible-lab-ceo-stephen-dash-likens-asx-to-junior-nasdaq-20180529-h10on1. Retrieved 5 April 2019.
- ↑ Verhage, Julie (December 7, 2017). "San Francisco's Credible Raises $50 Million in Australian IPO". Bloomberg News. https://www.bloomberg.com/news/articles/2017-12-07/san-francisco-s-credible-raises-50-million-in-australian-ipo.
- ↑ "Quarterly Activities Report and Appendix 4C - March 2019". Australian Stock Exchange. https://www.asx.com.au/asxpdf/20190429/pdf/444lmcxwlt193m.pdf. Retrieved 2 May 2019.
- ↑ "Fox Corporation Completes Acquisition of 67% of Equity of Credible Labs" (Press release). PR Newswire. October 17, 2019.
- ↑ "Credible Enters Into Merger Agreement with Fox Corporation". Credible Labs. https://www.asx.com.au/asxpdf/20190805/pdf/44766642t016z6.pdf. Retrieved 24 August 2019.
- ↑ Thompson, Sarah; Macdonald, Anthony (4 August 2019). "Fox bids $585m for student loans business Credible" (in en). Australian Financial Review. https://www.afr.com/street-talk/fox-bids-585m-for-student-loans-business-credible-20190805-p52du6. Retrieved 4 August 2019.
- ↑ Mason, Max (4 August 2019). "Credible Labs founder worth $265m after Fox sale". Australian Financial Review. https://www.afr.com/companies/media-and-marketing/murdoch-s-fox-to-acquire-asx-listed-credible-labs-20190805-p52duf.
- ↑ Nickolai, Nate; Nickolai, Nate (2019-08-05). "Fox Corp. to Buy $265 Million Majority Stake in Credible Labs" (in en). https://variety.com/2019/biz/news/fox-corp-credible-labs-majority-stake-1203291508/.
- ↑ "Small investors query Credible's Murdoch deal" (in en). 5 August 2019. https://www.afr.com/chanticleer/credible-wins-big-in-murdoch-deal-20190805-p52dwn. Retrieved 21 August 2019.
- ↑ "Credible Labs Stockholders Approve Proposed Acquisition By Fox Corp" (in en). RTTNews. https://www.nasdaq.com/articles/credible-labs-stockholders-approve-proposed-acquisition-by-fox-corp-2019-10-14. Retrieved 17 October 2019.
- ↑ "Credible Stockholders Overwhelmingly Vote in Favour of Merger with Fox Corporation". https://finance.yahoo.com/news/credible-stockholders-overwhelmingly-vote-favour-024100805.html. Retrieved 17 October 2019.
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