Pre-Seed financing of $1 million was secured by Incredible, a London, UK-based company that offers an automated mobile platform for managing debt.
Investors
- Mark Ransford
- Former TechCrunch journalist Steve O’Hear
- Atomico angels Joe Cross (ex-Wise)
- Russell Smith (ex-Monzo)
- Michael Tefula
- A16z scout Keith Grose (ex-Plaid)
- Invest Ventures
- Techstars
Use of funds
The money will be used by the business to grow both its operations and growth initiatives.
The software has linked to over £2 million in credit card debt and assisted thousands of customers in lowering their interest payments since the company’s iOS and invite-only beta.
About Incredible
Under the direction of CEO Yaseen Rostom, Incredible offers users an automated mobile app to track, manage, and pay off their credit card debt by utilizing open banking and artificial intelligence. Features include IncrediPay, which provides a single, combined monthly payment that meets repayment requirements, and Roundups, which converts leftover cash into interest savings.
In the future, Incredible intends to offer the entire range of credit products, including mortgages, BNPL, auto loans, and automobile financing.
