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Deserve Stock
Fair Credit Products
About Deserve Stock
At Deserve, they are committed to providing deserving but underserved people access to fair credit. When it comes to credit, most young people are caught in a catch-22: you don’t qualify for the credit because you lack a credit history, and to build a credit history you first need to get credit. Deserve is different. Where traditional lenders see risk, Deserve sees the potential. Instead of just looking at credit history, they measure each applicant’s credit potential by looking at factors such as education, current financial health, and future employability and earnings potential. Their compliance framework has been developed in kind to meet the most stringent requirements set forth by the law, using enhanced identity verification and consistent lending practices to ensure the utmost security and safety. The entire process, from sign up through approval to account management, is simple and frictionless. Ultimately, they believe credit and lending should be a win-win-win. Helping their customers be successful with credit and become financially independent is good for them, their business, and society, overall.
Investors
205 Capital
Alumni Ventures Group
Lacework, Getaround, GrubMarket, Better.com, Groq, Divergent 3D, SonderMind, Plastiq, Accolade, Madison Reed
Aspect Ventures
Chime, Gusto, Cato Networks, Exabeam, ForeScout Technologies, Ellevest, Deserve, Klar, HotelTonight, Eden Health
Credit Suisse
Bloom Energy, Brex, Dataminr, Domo, WeLab, Kabbage, Prosper Marketplace, HomeLight, Credijusto, Uplift
Fenway Summer Ventures
GDP Venture
Green D Ventures
Accolade, Madison Reed, Upstart, Deserve, Conversica, Particle, EverQuote
GS Growth
Tradeshift, Circle, OutSystems, Unqork, Moogsoft, Credijusto, Splice, Deserve, GumGum, Very Good Security
Keystone National Group
Mission Holdings
Pelion Venture Partners
Sallie Mae
Strawberry Creek Ventures
Total Access Fund
GrubMarket, Upstart, Tempo Automation, Deserve, Veem, Freshly, SMART WIRES, Humatics, Burrow, EverQuote
Funding History
July 2016 | $8.3M |
---|---|
July 2016 | $19.8M |
July 2018 | $23.6M |
September 2019 | $50.0M |
May 2021 | $8.0M |
May 2021 | $42.0M |
Management
Chief Executive Officer
Kalpesh Kapadia
Chief Financial Officer
Sweta Sarnot
Chief Technology Officer
Rajan Annadurai
Press
dlvr - Mar, 5 2021
TechCrunch - Feb, 18 2021
NerdWallet - Nov, 16 2020
bankonitpodcast - Aug, 5 2020
PR Newswire - Aug, 4 2020
prweb - Apr, 21 2020
pehub - Feb, 25 2020
EquityZen does not have an affiliation with, formal relationship with, or endorsement from any companies featured above. This profile is based on publicly available information and is intended to be informative in nature.
Some data provided by Crunchbase