Fintech Serving A Credit - Building Marketplace
www.GlobalBX.com
Listing ID:
700361362
Listing Title:
Fintech Serving A Credit - Building Marketplace
Quick Link:
http://www.globalbx.com/listing.asp?bId=361362
Industry:
Business Services
Industry Segment:
Other Services
Country:
United States
State / Province:
Area
City:
Asking Price Range:
> $35.0M
Gross Revenues:
$15,000,000
Cash Flow:
$9,900,000
Cash Flow Type:
EBITDA
Year Established:
1990
Number of Employees:
20 - 34
Business Description:
- Online marketplace for buying and selling authorized user tradelines
- Buyers have access to effective credit building strategy
- Sellers earn income from their good credit
- Platform offers both direct-to-consumer (DTC) sales and wholesale B2B re-seller program
- 5,000 credit products available, with 14,000 sold in 2020
→ Consistent, significant YoY growth in rapidly expanding industry, with 300% growth forecast over 2 years through 2022
→ Rapid adoption of tradeline credit-building strategy within $3.6 billion credit repair industry
→ Dominant marketplace toward which buyers and sellers gravitate
- Sustainability
→ 34% recurring revenue from brokers via white-label program
→ Content marketing with industry authorities is increasing brand awareness
Defensibility
→ Largest network of credit suppliers and buyers
→ Strong brand recognition within the industry
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