UK’s Creditspring raises $60M to expand its 'lending as a subscription' model — TFN

Creditspring, a London-based fintech company offering short-term no-interest loans through a subscription model, has raised $60 million in a Series B round led by Monomyth Group. The funding will be used to expand Creditspring's 'lending as a subscription' model to help near-prime borrowers in the UK manage their finances during the cost of living crisis. The company provides educational tools and a free 'Stability Hub' to help users improve their credit scores.

Creditspring Secures $60 Million to Expand Subscription Lending Model

Creditspring is a London-based fintech company that operates in the 'lending as a subscription' model, providing short-term no-interest loans to near-prime borrowers in the UK. The company offers a subscription service with monthly fees starting at £5, allowing users to borrow based on their subscription limits twice a year with a four-month repayment period. Creditspring also features a free 'Stability Hub' that provides educational tools for financial management.

A UK-based fintech company that offers short-term no-interest loans through a subscription model.

3 years ago

Creditspring Secures $60 Million to Expand Subscription Lending Model

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