Creditive

Digital, Automated & Interest-free Loans for SME's
  • Sector Fintech
  • Country Sweden
  • Founding date October 2018
  • Stage Users
We're disrupting business lending with a smarter service that has small business owners in mind. Our automated lending tool pulls from real-time data points making the credit process more efficient. Powered by AI-underwriting technology, our aim is to bring simplicity to business lending and create sustainable growth by seeing, serving and satisfying small business entrepreneurs.

General

Sector
Fintech
Category
Software
Product usage or interact
Desktop)

Business

Target customer
Muslim entrepreneurs and merchants based in EU and Turkey.
Customer acquisition strategy
Partnership with accounting firms and digital growth hacking.
Revenue model
The revenue model for a lending company is usually net interest rate, however since we're not working interest rates we charge our customers a pre-agreed percentage of their future customer card sales/ future revenues.

Market info

Market size
$3,000,000,000,000
Competitors
Competitor name
Competitor website
Qred
https://qred.com/se/
Competition
Please read detailed competitor analysis in our pitch deck.
Startup traction
We have done pilot with traditional banks and acted as loan broker with our technology. We help SME with 1.4M EUR in small business loan which created 22 new job opportunities and 0% credit losses. Creditive received 30K EUR for its services.

Total early investment
$500,000
Shareholder structure
Owner type
Name
Equity
Sohail
Founder
% 87
(Pls, See Pitch Deck Cap Table For More Info)
Co-Founder
% 13
Investment round
Angel Investment
Investment amount
$500,000
Equity on offer
% 20.0

Team

Sohail Mohseni  - Sweden
Per-Olov Carlsson  - Sweden
Emil Böje Pedersen  - Sweden
Marita Ljung  - Sweden
Total team member
0
Comment
Last update: 21.10.2020