Propeller Bonds
We help insurance carriers and agents distribute and issue surety and fidelity bonds more efficiently.
32 employees · est. 2020 · Philadelphia, United States
MyCredit is the older company (2016 vs 2020); MyCredit is the larger of the two.
Side-by-Side Comparison
| Metric | MyCredit | Propeller Bonds |
|---|---|---|
| Founded | ||
| Founded | 2016 older | 2020 |
| Headquarters | ||
| Headquarters | Nairobi, Kenya | Philadelphia, United States |
| Employees | ||
| Employees | 302 larger | 32 |
| Industry | ||
| Industry | Financial Services, Insurance, Lending and Investments | Insurance, Insurtech, Car insurance |
| Funding Stage | ||
| Funding Stage | Debt Financing | Seed |
| Total Funding | ||
| Total Funding | $785.00M | Not tracked yet |
| Funding Rounds | ||
| Funding Rounds | 2 | Not tracked yet |
| Services | ||
| Services | Business Loan, Civil Servant Loan, Kuza Elimu Loan, Insurance Services, Islamic Finance | Automated bond issuance, Contract bonds, Commercial bonds, Online application and approval process, Payment processing for bonds, Bond management and updates |
| Target Customers | ||
| Target Customers | Micro, Small and Medium-sized Enterprises (MSMEs), Educational Institutions, Individual Borrowers, Civil Servants, Insurance Seekers | Insurance agencies, Underwriting consultants, Business owners, Agents and obligees |
| Taxonomy | ||
| Taxonomy | Non-bank Financial Services, Business Loans, Salary Loans, Bid Bonds, Performance Bonds, Advanced Payment Guarantees, Leasing Services, Motor Insurance, Personal Accident Insurance, Consequential Loss Insurance, Burglary Insurance, Liability Insurance, Fidelity Guarantee, Agriculture Insurance, Travel Insurance | InsurTech, Surety Bonds, Fidelity Bonds, Insurance Distribution, Insurance Automation, Underwriting, MGA (Managing General Agent), Proprietary Platform, Agency Branding, Insurance Technology, Surety Professionals, Commission-Based Referral, Insurance Software Solutions, Notary Bonds, Mortgage Bonds |
| Website | ||
| Website | mycredit.co.ke | propellerbonds.com |
About MyCredit
MyCredit is a Kenya-based non-bank financial services institution founded in 2016. The company operates in a range of industries, including Financial Services, Insurance, Lending and Investments, Health Insurance, Life Insurance, and Car Insurance. With the slogan "Let's talk loans *322# | +254 111...
About Propeller Bonds
Propeller Bonds, founded in 2020 and headquartered in the United States, is an emerging player in the InsurTech sector. The company targets the substantial $6B surety and fidelity bond market, offering a solution that streamlines distribution and issuance under its proprietary platform. This InsurTe...
We will tell you when either one moves
BounceWatch watches MyCredit and Propeller Bonds for new funding, fast hiring, new executives and a change of software vendor. When one happens, we email you the same day.
Funding, hiring, leadership and stack changes at MyCredit and Propeller Bonds — by email.
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Compiled from the BounceWatch company index. We last looked at MyCredit on 5 Jun 2026, and Propeller Bonds on 24 Mar 2026. Where a field is blank here, it means we have not recorded it — not that the answer is zero. How we source and date this.
