Company Overview

Update
Founded:
2011
Headquarters:
Middlesex
Funding:
$55M
Categories:
Finance
Description:
Zebit is a short-term lender offering loans with flexible repayment options.

Detailed Description

Update

Zebit is a short-term lender that offers loans with flexible repayment options. You can take out a loan of up to £800 for a month to 7 months; Zebit lets you choose your repayment on a weekly or monthly basis.

Zebit runs an affordability analysis on all applications to evaluate whether you would be able to repay the loan in a sustainable manner.

Upon approval, Zebit will send the money to your bank account within 4 minutes* with no transfer or application fees (the time that it takes for cash to appear in your account will depend on your bank’s policies and procedures). Zebit accepts applications 24 hours a day, 7 days a week, even on bank holidays.

Advantages 1. Upon approval, fund transfer initiated within 4 minutes* (the time that it takes for cash to appear in your account will depend on your bank’s policies and procedures).
2. Choose your repayment term – over 1 month up to 7 months. 3. Apply to borrow any amount, from £50 to £800. Disadvantages Lending of this type is an expensive form of credit that may be appropriate for short-term financial needs, but may not be appropriate for long-term borrowing - or if you are in financial difficulty.

Terms and Conditions

You need to be 18 years of age, or older, be in regular employment with a minimum monthly income of at least £400, and have a valid debit card and a working bank account. You should also be a UK resident. We currently do not lend to individuals who are self-employed.

Costs, Rates & Fees Representative APR:1561.7% Representative Example:Annual Interest Rate: 314.7% (fixed).Total Amount of Credit: £100;Duration of Agreement:1 month; Total Cost of Credit: £25; Total Repayable: £ 125 on a loan of £100 for 1 month

Extension:Not permitted

*Please refer website to understand the fee structure and other details before you apply for a loan Subject to loan approval, you will receive cash through Express Cash transfer option for free if supported by your bank. Zebit can initiate the transfer of funds into your account within 4 minutes after final approval of your loan subject to an assessment of affordability and creditworthiness.. The time that it takes for cash to appear in your account will depend on your bank’s policies and procedures

Funding Rounds (2) - $55M

Update

Board Members and Advisors (1)

Update

Investors (5)

Update
  • Cb default image

    Crystal Financial

    Crystal Financial is a commercial finance company that originates, underwrites and manages...
  • B4b311ddd00b3755f8a8935fb3cac67b

    QED Investors

    private fund
  • 2c511b1bee196ad7f08c60c2d210b150

    Leapfrog Ventures

    They believe that the most successful company in any industry gains a disproportionately higher...
  • Bc5dad50d9a1d165196867d8555c6a75

    Mohr Davidow Ventures

    For 30 years the Mohr Davidow Ventures (MDV) team has invested in early stage technology-based...
  • Fa9a203e08739ef7f57759dc6156313e

    Crosslink Capital

    Crosslink Capital is a leading stage-independent venture capital and growth equity firm with over...

Offices/Locations (1)

Update
  • Wisteria

    Camrose House,2A Camrose Avenue,

    Edgware,

    Middlesex, HA8 6EG

    GBR