Location: New York, NY
Industry: Financial services
Credibly leverages data science and analytics to improve the speed, cost and choice of capital available to small businesses. The company, which has offices in New York, Michigan, Arizona and Massachusetts, is dedicated to satisfying the needs of all small and medium-sized businesses throughout their life cycle, regardless of where they fall on the credit spectrum. “Credibly believes that all small businesses deserve the right to capital,” says CEO Glenn Goldman. The company’s technology platform has provided access to funding for thousands of small businesses all over the U.S.
Quick Tip: “The most valuable lesson I’ve learned is that self-awareness is critical to success. People in companies that are self-aware tend to be very honest with themselves, and they tend to be honest with each other.”
After the recession, banks lost their enthusiasm for small-business lending, allowing alternative lenders such as Credibly to fill a growing need. Credibly’s vision for lending includes a belief in “right-sized capital.” “Too much capital is not always in the best interest of the borrower,” Goldman says. “The team at Credibly takes time to understand each business’s unique working capital needs so we can provide the right-sized amount of funding.” Over the next few years, the company plans to further build its lending solutions, offering more convenient access to funds and a wider range of pricing options — all in an effort to help small businesses grow.