Company profile: Gain Credit
1.1 - Company Overview
Company description
- Provider of credit solutions for underserved customers via brands including Lending Stream, Drafty and Oye!, offering short-term loans with 6- or 12-month repayments and a flexible line of credit up to £3,000 with no fees and interest only on funds used, backed by advanced underwriting and world-class analytics.
Products and services
- Drafty: An on-demand flexible line of credit up to £3,000, lets users withdraw funds without reapplying, charges interest only on the amount used, and imposes no fees
- Lending Stream: An affordability-focused alternative to payday loans, offering short-term loans repayable over 6 or 12 months with advanced underwriting tailored to underserved customers
- World-Class Analytics: An analytics-driven system that backs Lending Stream, Drafty and Oye!, enabling advanced underwriting and affordability evaluation for customers underserved by mainstream financial services
Key contacts
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Financial details
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1.2 - Competitors and similar companies to Gain Credit
Advance America
HQ: United States
Website
- Description: Provider of consumer lending services through storefronts and online platforms, offering short-term financial products including payday loans, installment loans, lines of credit, and title loans via partner providers, as well as money services such as Western Union transfers and prepaid card solutions.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Advance America company profile →
Edly
HQ: United States
Website
- Description: Provider of income-based repayment financing for college tuition, connecting students seeking alternative tuition financing with impact investors. Founded in 2019 and headquartered in New York, New York.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Edly company profile →
LDF
HQ: United Kingdom
Website
- Description: Provider of asset finance, business loans, commercial mortgages, and education leases to small businesses.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full LDF company profile →
AppToPay
HQ: United Kingdom
Website
- Description: Provider of an interest free credit product offering a credit limit for purchases between £100 and £500, enabling users to spread costs over 3 months with no deposit, and make further purchases subject to available funds within the limit.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full AppToPay company profile →
Orka Finance
HQ: United States
Website
- Description: Provider of point-of-sale commercial solar financing for small businesses and non-profits. ORKA's proprietary online platform enables applications from anywhere with rapid credit decisions and full project funding. Founded in 2020 and based in San Francisco, California.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Orka Finance company profile →
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for Gain Credit
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Buyer group 2: ████████ ████████
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Buyer group 3: ████████ ████████
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to Gain Credit
2.2 - Growth funds investing in similar companies to Gain Credit
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4 - Top valuation comps for Gain Credit
4.2 - Public trading comparable groups for Gain Credit
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