Credibly: A New Era Begins with Management Buyout

Small and medium-sized businesses (SMBs) have always played a vital role in driving economic stability and job growth in the United States. Recognizing the importance of supporting these businesses, Credibly, the data science-driven fintech lending platform, has proudly announced a management-led buyout. This significant move involves the repurchase of all outstanding equity investments previously held by a prominent private equity firm. With this bold step, Credibly sets the stage for a promising future, paving the way for continued growth and success.

Since its establishment in 2010, Credibly has been dedicated to delivering essential capital to underserved SMBs. The company has provided over $2.0 billion in much-needed funding to more than 30,000 businesses, ensuring their growth and prosperity. Now, as Credibly reclaims full ownership, it looks forward to expanding its impact and empowering even more small businesses.

Ryan Rosett, co-Founder and co-CEO of Credibly, shared his thoughts on this landmark move, saying, "Thirteen years in, we recognize the opportunity before us is even more substantial. As we reclaim full ownership of the company, we look forward to a promising future, anticipating continued growth and success for our management team, employees, and the small businesses we serve." Rosett's vision demonstrates the company's unwavering commitment to supporting SMBs and driving economic progress.

Michael Seneski, Credibly's Chief Financial Officer, echoed Rosett's optimism, expressing immense pride in Credibly's robust and profitable growth over the years. Seneski firmly believes that this trend will continue, thanks to the company's superior platform and dedicated team. "Our mission is clear—to provide essential capital to empower small businesses to grow and realize their full potential. We anticipate building on our successes and maintaining our status as an industry leader," said Seneski.

The buyout was financed through a new equity investment and the issuance of a new corporate note. Notably, the corporate note earned a BBB rating from Egan-Jones Ratings Company, a nationally recognized statistical ratings organization (NRSRO). This rating underscores the solid financial standing of Credibly and instills confidence in its ability to navigate the ever-evolving financing landscape.

To ensure a smooth transaction, Credibly enlisted the expertise of financial advisors Brean Capital and RBC Capital Markets. Brean Capital also served as the placement agent, facilitating the successful completion of the buyout.

Credibly's commitment to innovation and its dedication to serving SMBs have positioned it as a leader in the industry. The fintech lending platform revolutionizes how capital is delivered to SMBs, offering enhanced speed, cost-effectiveness, and customer choice. By harnessing the power of data science, Credibly provides an array of funding options while granting partners access to state-of-the-art data analytics capabilities.

Operating continuously throughout the COVID-19 pandemic, Credibly displayed resilience and adaptability. The company's exceptional origination numbers reflect its commitment to supporting SMBs, even in challenging times. With its headquarters in Southfield, Michigan, Credibly serves clients nationwide, with additional offices in New York and Arizona.

As Credibly embarks on this new chapter, it remains committed to its core mission of providing vital capital to SMBs. By empowering small businesses to thrive, Credibly contributes to economic stability and job growth. With their management buyout, Credibly ushers in a new era of progress and innovation, driving the success of SMBs across the nation.

For more information about Credibly and the services it offers to SMBs, please visit www.credibly.com.