San Francisco's Credible Raises $50 Million in Australian IPO
- Fintech firm opted to list rather than raise money from VCs
- Previous fundraising was a $10 million round in January
This article is for subscribers only.
San Francisco-based financial technology company Credible Labs Inc. is going public, but not on a U.S. exchange.
The startup, a consumer loans marketplace, raised $50 million (A$66 million) in an initial public offering on the Australian Securities Exchange, according to a statement Thursday. While the listing is small compared to most U.S. public offerings, it is the largest technology IPO on the ASX this year, according to data compiled by Bloomberg.