CreditPlace

Company Overview

Snapshot

Founded in February 2013 by Yonathan Kammoun and Serge Aziza, CreditPlace operates with 1–10 employees. The company has raised $9.6 million across two funding rounds from three investors. In November 2018, CreditPlace secured its latest funding round.

Business overview

CreditPlace provides a peer-to-peer trading arena that connects businesses looking to sell invoices with investors seeking appropriate portfolios. The platform enables businesses to receive payments within 48 hours, while investors can achieve annual returns of 4.5% to 7.5%. The company's team conducts due diligence and financial examinations for both borrowers and investors, ensuring secure and fair transactions within the Fintech & Insurtech sector.

Strategic signal

CreditPlace ceased operations in January 2024, indicating a significant shift in its business trajectory. This event signals to investors and innovation teams the inherent risks and challenges within the peer-to-peer lending marketplace, particularly for platforms focused on invoice trading.

Company Intelligence Q&A

What is CreditPlace's primary business activity?

CreditPlace operates a peer-to-peer trading marketplace where businesses can sell invoices and investors can purchase them, facilitating quick payments for businesses and investment opportunities for individuals.

When was CreditPlace founded and by whom?

CreditPlace was founded in February 2013 by Yonathan Kammoun and Serge Aziza.

What is the total capital raised by CreditPlace?

CreditPlace has raised a total of $9.6 million across two funding rounds.

What is the current operational status of CreditPlace?

CreditPlace ceased to operate in January 2024.