Boomerang Credit
Open Banking Overdraft Lender
Fintech & Insurtech
Non Active, Aug 2021 ceased to operate
Company Overview
Snapshot
Founded in March 2020 by Ilan Kon-Weiner and Gavin Werth, Boomerang Credit operated with 1–10 employees. The company ceased operations in August 2021.
Business overview
Boomerang Credit developed an AI-based solution for overdraft financing, serving both SMEs and individuals. The company leveraged open banking to function as an overdraft lender or provide virtual overdraft facilities, operating within the Fintech & Insurtech sector, specifically focusing on Lending & Financing.
Log in to access full profile ›Company Intelligence Q&A
- What is Boomerang Credit's primary business?
- Boomerang Credit specialized in providing overdraft financing solutions for small and medium-sized enterprises (SMEs) and individuals.
- What technology did Boomerang Credit utilize?
- The company's solution was AI-based and leveraged open banking protocols to facilitate its overdraft lending services.
- When was Boomerang Credit founded?
- Boomerang Credit was founded in March 2020.
- Who are the founders of Boomerang Credit?
- Boomerang Credit was co-founded by Ilan Kon-Weiner, who served as CEO, and Gavin Werth, who served as CFO.
- What is the current status of Boomerang Credit?
- Boomerang Credit ceased to operate in August 2021.