Credibly was originally founded as RetailCapital LLC. Back then, every file was worked on with pen and paper, which meant files could be inches thick, depending on complexity of the merchant. These manila folders were passed from person to person through underwriting.

After finding limitations in a 3rd party system, Credibly developed its own proprietary origination system.

Credibly was first in the market to have an online offer calculator. Prior to an offer calculator, there was only one funding package for merchants to take—contracts, not offers, were sent to merchants.

Bizfi's bankers ran a process to find a company with the best portfolio management practices and chose Credibly.

COVID became the catalyst to reimagining Credibly’s underwriting teams and processes for efficiency. This project included the implementation of automation and breaking down the underwriting processes to enable future technological and operational advancements.

Credibly has also continued to update their proprietary scoring model to include the latest data sets and improve the accuracy of risk assessment.

Credibly used machine learning to automate processes such as bank statement review.

Credibly continued to incorporate cutting edge technology to improve the customer, partner and employee experience. Read more about these innovations here.

Learn more about the patent in this article.