Completed sale
Credibble Technology Business Acquisition by Creditscore Technologies
Knightsbridge advised in the sale of the UK’s most transparent credit tool…
Credibble Ltd was founded and incorporated in 2015, launching its suite of products in 2018 following extensive research and development. It was the UK’s first transparent consumer credit check to show how lenders assess a user’s credit rating. The company has over 55,000 users, all of which are private individuals.
Of Credibble’s free users, circa 99% are retained, and over a third of free-trial users (2,000+) have subscribed to premium services. The fast-growing consumer credit platform was founded in London by Nadeem Amin, who wanted to “allow the business to continue to grow under new ownership and direction”, explains Ben Hunt, Knightsbridge Senior Commercial Executive.
Highlighting its selling points to potential buyers, Ben described Credibble as an “innovative fintech company with an integrated and unique credit score platform.
Its staff operate as a remote team. As such, the company could be effectively operated from any location”. A full research process was conducted, which generated 89 interested parties, saw 21 meetings arranged, and ultimately led to a successful offer, following deal negotiations in which share retention was achieved for Nadeem.
The buyer, Creditscore Technologies, is “a loan company with a number of users, seeking integration opportunities”, as described by Ben. The Stockport-based firm was founded by Matt Meecham in November 2023.
Ben concluded: “Credibble was presented as an excellent opportunity for an existing business to integrate its effective credit management service for its users.
As such, Matt will look to amalgamate the two businesses to provide one internal credit platform. “I formed good relationships with both parties, enjoying a strong relationship with our client especially. The deal has helped relieve Credibble of company debt, and has allowed Creditscore a new revenue stream.”
Knightsbridge wishes the very best to Nadeem and Matt in their future endeavours!