US-founded fintech Credible raises $67 million in ASX listing

US-founded fintech Credible raises $67 million in ASX listing

US Credible that is startup helps customers find and compare individual and student education loans and bank cards, is raising $67 million (US$50 million) because it lists regarding the Australian Securities Exchange (ASX) today. The biggest technology IPO of the season locally, the listing will value the business at over $300 million.

The startup ended up being started in 2012 by Australian Stephen Dash, previously of JP Morgan, who arrived up because of the basic concept because he had been astonished by the level of pupil debt in the usa.

Credible first established with a student-based loan refinancing platform, then releasing a market for brand new student education loans, signature loans, plus in August with this 12 months a bank cards market.

Using the startup having raised US$24 million in VC capital to date, by having a US$10 million Series B round coming this past past January, Dash stated the organization seemed towards the ASX since it thinks it’s going to offer more freedom to follow brand new possibilities.

Dash published in an article, “The ASX provides growth-stage organizations having A australian nexus earlier access to general public capital than many other major stock areas. (more…)