Grow Credit Inc. logo — Build Credit For Free.

Grow Credit Inc.

Build Credit For Free.

Founded 2018 United States Santa Monica, United States 25 employees Series A Total: $118.60M Finance, Financial Services

General Information

Company Name Grow Credit Inc.
Founded Year 2018
Location United States Santa Monica, United States +1
Employees 25
Industries Finance, Financial Services
Funding Stage Series A
Social

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About Grow Credit Inc.

Grow Credit Inc. is a pioneering company in the Financial Services industry, founded in 2018. The company's slogan, "Build Credit For Free," encapsulates its mission to provide credit opportunities to the estimated 100M consumers with no credit or thin credit files. Through its innovative financial product, individuals can establish or improve their credit scores without incurring costs. Grow Credit achieves this by leveraging existing subscription accounts such as Disney Plus, Netflix, Spotify, and more. The key to Grow Credit's offering is a virtual Mastercard that is supported by a small-dollar loan. This financial tool, accessible through the Grow Credit mobile application, facilitates credit score enhancements. Notably, the company secured a $10.00M Series A investment on 28 September 2023, with backing from USAA, a prominent investor in the financial sector. The company's unique approach to democratizing access to credit and enhancing consumer financial well-being makes Grow Credit an intriguing prospect for venture capital firms. Its ability to reach a sizable market segment untapped by traditional credit institutions, combined with the endorsement of reputed investors, positions Grow Credit as a compelling investment opportunity with potential for widespread impact in the United States and beyond.

Taxonomy: financial product, credit building, thin credit, subscription accounts, virtual Mastercard, mobile application, credit score, small-dollar loan, consumer finance

Funding Rounds & Investors (4)

View All
Funding Stage Amount Investors Lead Investors Date
Series A •••••• 1
Investor
28 Sep 2023
Debt Financing •••••• - 14 Sep 2021
Seed Round •••••• 9
Investor Investor
•••• ••••
14 Sep 2021
Seed Round •••••• - 07 Jul 2020

Grow Credit Inc. Alternatives & Competitors

Grow Credit Inc. vs
Arro
Arro United States

Increasing financial wellness through fair credit access.

Series A
28 employees
Financial Services
Grow Credit Inc. vs
Sava Africa
Sava Africa South Africa

Providing businesses with the tools and credit they need to grow.

Pre Seed
15 employees
Finance, Financial Services
Grow Credit Inc. vs
Nova Credit
Nova Credit United States

To power a more fair and inclusive financial system for the world

Series C
132 employees
Data Analytics, Finance

FAQ About Grow Credit Inc.

Build Credit For Free.
Grow Credit Inc. was founded in 2018.
Grow Credit Inc. is headquartered in Santa Monica, United States.
Grow Credit Inc. operates in the following industries: Finance, Financial Services.
Grow Credit Inc. has approximately 25 employees.
Grow Credit Inc. has completed 4 funding rounds, raising a total of $118.60M. The latest funding stage is Series A.
Top alternatives and competitors to Grow Credit Inc. include Arro, Sava Africa, Nova Credit, Sevi, NAFCU Services Corporation. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Grow Credit Inc. and Arro are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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