Fintech startup Zibby announced the completion of $14 million in financing. Five investors participated in the round, including MissionOG, CURO, Blumberg Capital, and Tribeca Venture Partners.
Zibby is a consumer leasing platform offered by online, brick-and-mortar, and omnichannel retailers. Customers can apply in 30 seconds in-store or via the Zibby button on a retailer’s website and get approved immediately for $300 to $3,500 in consumer credit. Zibby increases retailer sales by providing a fast and easy lease payment option for non-prime consumers seeking to acquire furniture, appliances, electronics, and other consumer durables.
The company said that it will use the investment to expand its presence among retailers.