CD Finance Funding, Investors & Competitors

Rocket Companies is a financial services company that was originally founded as Rock Financial in 1985 and is currently based in Detroit. Rocket Companies offers a wide array of services and products but is best known for its Rocket Mortgage business. The company’s mortgage lending operations are split between its direct-to-consumer lending, which sees borrowers accessing the company’s lending arm directly through either its mobile app or website, and its partner network where mortgage brokers and other firms use Rocket’s origination process to offer loans to their customers. The company has rapidly gained market share in recent years and will also be the largest mortgage servicer in the US following its acquisition of the Mr. Cooper Group.

SoFi is a financial services company that was founded in 2011 and is based in San Francisco. Initially known for its student loan refinancing business, the company has expanded its product offerings to include personal loans, credit cards, mortgages, investment accounts, banking services, and financial planning. The company intends to be a one-stop shop for its clients' finances and operates solely through its mobile app and website. Through its acquisition of Galileo in 2020, the company also offers payment and account services for debit cards and digital banking.

Jio Financial Services Ltd is a core investment company, non-deposit taking, systemically important (CIC-ND-SI). Along with its subsidiaries, joint ventures, and associates, it is engaged in the business of Investing and Financing, mainly Leasing, Insurance broking, Payment Bank, Payment Aggregator, and Payment Gateway services.

Jiedaibao is a Beijing-based Chinese internet lending platform whose mobile app lets people borrow from and lend to friends and acquaintances. A borrower publishes a request with an amount, annualised rate and repayment date of their own choosing while the lender can remain anonymous, and the platform later built electronic IOU services, employee-benefit products and a loan-referral business on top of the app. It was launched on 22 June 2015 by Renrenxing Technology, a company in the JD Capital (Jiuding) group, and the app is now operated by Chengdu Jiebao. Its early growth was driven by a RMB 2 billion cash-for-referrals campaign, and by 2024 it reported more than 140 million users. Jiedaibao raised RMB 2 billion in a first round in August 2015 and RMB 2.5 billion in a Series B at a RMB 50 billion valuation in January 2016. In March 2025 China's CCTV 3·15 consumer-rights broadcast accused the platform of facilitating predatory lending through electronic IOUs, after which it set up a rectification team and restricted the IOU function.

Upgrade is a San Francisco-based fintech company and neobank that provides consumer credit and banking products to mainstream US consumers. Its offerings include personal loans, the Upgrade Card and OneCard credit cards that convert purchases into fixed-rate installment plans, home improvement and auto financing, buy-now-pay-later travel financing through Uplift, which it acquired in 2023 for US$100 million, high-yield savings and rewards checking accounts, and free credit monitoring tools. Loans and cards are issued through partner banks, and Upgrade earns revenue mainly from interest, origination fees and the sale of loans to institutional investors. It has helped customers access more than US$50 billion of consumer credit since it began lending in 2017, and its annualised revenue passed US$1 billion in May 2025. The company is headquartered in San Francisco, with an operations center in Phoenix, Arizona, a technology center in Montreal and about 1,950 employees. It was founded in 2016 by Renaud Laplanche, the co-founder and former chief executive of LendingClub. Upgrade has raised about US$750 million of equity from investors including Union Square Ventures, Ribbit Capital, Koch Disruptive Technologies, Coatue, DST Global and Neuberger Berman, most recently at a US$7.3 billion valuation in October 2025.

Klarna is the largest pure-play in the buy now, pay later space. The company operates a two-sided network with a payment method at its core, but it is ultimately a lender. Merchants sign up with Klarna to increase turnover in their stores. Primarily, Klarna can provide merchants with higher conversion rates and average order values relative to other payment methods. Some merchants enter a symbiotic relationship with Klarna, advertising its brand on the product page to drive conversion and to benefit from Klarna’s brand value in the merchant’s sales funnel. Customers use Klarna for its ease of use, quick access to credit, zero-interest financing, and lower reminder fees.

Sezzle Inc is a financing institution that offers technology-driven payment platform. The Sezzle Platform offers a payments solution for consumers in the United States and Canada that has the ability to instantly extend credit at the point-of-sale, allowing consumers to purchase and receive merchandise while paying in installments over time. Consumers pay a portion of the purchase price at the point-of-sale as a down payment, and then pay off the remaining amount over time through scheduled payments. It also offer the ability to pay-in-full using the Sezzle Platform. Its operations comprise one reportable segment, the majority of which derives revenue from payment processing platform in North America.

Mynt is a Philippines-based digital finance super app from Globe Telecom, Ayala Corporation, and Ant Financial. Launched in 2017 as GCash operator via Mynt, it provides payments, remittances, microloans, business tools, and open platforms. Manila-headquartered, Mynt serves 80 million users with GSave deposits, GInsure policies, and GCredit lending. It leads Southeast Asia's mobile wallet market through QR payments and biller networks.

PB Fintech Ltd is an integrated online marketing and consulting firm serving the financial services industry, including insurance. Its revenue mainly comes from commissions on insurance and financial products sold online and offline. Services include online marketing, product aggregation, insurance commissions, outsourcing for insurers, generating sales, IT support, and lending-related fees. The business operates in a single segment focused on financial services, with all revenue generated within India. The Company helps middle-class households secure social security by providing solutions for protecting against death and disease, planning for child education and pensions, and accessing financial and lending products.

Lendable is a London-based peer-to-peer lending marketplace matching individual investors with personal loan borrowers in the United Kingdom. The platform processes applications in minutes without paperwork, funding loans from investor deposits.

Nelnet Inc is a United States based company engaged in these four reportable segments; Loan Servicing and Systems focuses on student and consumer loan origination services and servicing, loan origination and servicing-related technology solutions, and outsourcing business services; Education Technology Services and Payments segment provides education services, payment technology, and community management solutions for K-12 schools, institutions, churches, and businesses; Asset Generation and Management segment includes the acquisition and management of student and other loan assets; and Nelnet Bank focuses on the private education and unsecured consumer loan markets. Maximum revenue for the company is generated from its Education Technology Services and Payments segment.

Enova International Inc provides online financial services, including short-term consumer loans, line of credit accounts, and installment loans to customers mainly in the United States and Brazil. Consumers apply for credit online, the company's technology platforms process the applications, and transactions are completed quickly and efficiently. Its customers are predominantly retail consumers and small businesses. Enova markets its financing products under the names CashNetUSA, NetCredit, OnDeck, Headway Capital, and Simplic. The company also operates a money transfer platform under the name Pangea. Geographically, the company generates a majority of its revenue from its business in the United States and the rest from other international countries.

Du Xiaoman Financial is Beijing-based Baidu Financial Services Group offering short-term consumer loans, wealth management products, and payment services. Holding licenses for third-party payments and fund distribution, it operates Chaituo installment loans and Qianfubao wallet, serving millions of users through Baidu app integrations.

Jubao Internet Technology is a Haikou-based internet finance platform and subsidiary of HNA Group. Established as JBH, it designs and markets financial products including wealth management and lending services for individuals and corporations across China. Backed by HNA's aviation and logistics resources, the company holds licenses for online lending and payment services, prioritizing user experience through mobile apps and secure transactions.

Formed by a combination of JCPenney’s credit card processing unit and The Limited’s credit card bank business, Bread Financial is a provider of private-label and co-branded credit cards, loyalty programs, and marketing services. The company’s most financially significant unit is its credit card business that partners with retailers to jointly market Bread’s credit cards to their customers. The company also retains a minority interest in spun-off LoyaltyOne, which operates the largest airline miles loyalty program in Canada and offers marketing services to grocery chains in Europe and Asia.

Creditas is a Brazilian financial technology company that offers loans secured by homes, cars and payroll, together with insurance and a used-car marketplace. It was founded in 2012 by Sergio Furio as BankFacil and renamed Creditas in 2017. The company funds its loans largely through securitisation vehicles and, since the closing of its purchase of Bank Andbank Brasil in late 2025, holds a banking licence. Its Series G round of USD 108 million in December 2025 was led by Andbank at a post-money valuation of USD 3.3 billion, down from USD 4.8 billion in 2022. Earlier backers include SoftBank, Fidelity, Kaszek, QED Investors, VEF, Lightrock and Amadeus Capital. Acquisitions include Creditoo, Bcredi, Minuto Seguros, Volanty and Kzas, and it holds an investment in the electric motorcycle maker Voltz.

Grab Financial Group is the financial services arm of the Southeast Asian super app Grab, launched in 2018. It offers digital payments, consumer and merchant lending, insurance and wealth products to the users, driver-partners and merchants of the Grab ecosystem. The unit aims to give underbanked consumers and small businesses simple and affordable financial products across Southeast Asia. In January 2021 it raised more than 300 million US dollars in a Series A round led by Hanwha Asset Management at a reported valuation of 3 billion US dollars. The parent company, Grab Holdings, is listed in the United States and reports financial services as one of its operating segments.

OakNorth is a digital bank providing loans to small and medium enterprises overlooked by traditional lenders. London-headquartered, the neobank offers secured property finance, working capital facilities, and term loans for hospitality, social housing, education, and healthcare sectors across the UK. It uses AI-powered credit analysis for rapid underwriting. Founded in 2015, OakNorth supports developers and operators with tailored debt products.