OctoCredit & Kredit Academy!
Kredit Academy has acquired OctoCredit's assets
I’m excited to share that OctoCredit and Kredit Academy have officially joined forces. This transaction allows us to combine efforts and continue empowering the next wave of borrowers.
How our union got started
During the pandemic, I read a text in a fintech group: “who are the best people to talk to about credit?”. This convo led me to connect with Evan Leaphart, who’s team builds ways for companies to introduce the concept of credit to new borrowers. They were thinking about the Fair Credit Report Act (FCRA) so he signed up for OctoCredit – this connection sparked what flourished into a partnership aimed at redefining new borrower empowerment.
Kredit Academy’s financial ed-tech platform provides businesses with insight into new customer credit behavior.
What we’re building
Our combined platform delivers insight into consented family role model data. We can now enhance the ability to make informed decisions on how to serve younger customers. When combined with bank data, these insights can create a more comprehensive overview of a prospective borrower.
Our union brings together investors including 43 North, Amazon’s Alexa Fund, Forum Ventures, Plain Sight Capital, Goodlight Capital, Lightspeed Ventures Scout Fund, and notable angel investors like Edrizio De La Cruz, Dan Kahn, Dan Quan, Baron Davis and Dwyane Wade, and strategic partners like Discover, Equifax and M&T Bank.
How to contact us
OctoCredit’s decision to join Kredit Academy helps usher in a new era of credit conscious consumers. We’re excited about the future, especially as States continue implementing financial literacy requirements for their students1 – we would love for you to be a part of this.