“Mayor of fintech” Ron Suber takes an executive role with multi-lender marketplace Credible.
Credible is a multi-lender online marketplace for consumer loans, with a particular focus on serving the needs of students and millennials. The company has raised a $24.3m in equity capital to date. Suber first invested in the company as part of its $11.6m Series A fundraise in 2015.
Suber (pictured) recently took a step back from leading US marketplace lender Prosper, transitioning to a senior advisor and president emeritus role. He also holds advisory board roles at DocuSign, eOriginal, Juvo, Money360 and Unison.
A well-known industry orator, networker and investor, Suber’s exploits have earned him various titles, but Credible seems to favour “mayor of fintech”.
"It's been extremely exciting to see the Credible team turn a startup with a promising business model into a fast-growing company that's respected by consumers, lenders and the industry,” said Suber. “I have decided that now is the right time to help Credible seize their broader opportunity in the fintech ecosystem.”
More than 80,000 people have qualified for loan offers through the Credible platform in the first half of 2017 alone. The firm is currently plotting a credit card marketplace to go alongside its consumer loan offering.