Companies in Digital Lending
There are 19,118 companies in Digital Lending which include SoFi, Affirm, BharatPe, Prosper, Tabby. 4,732 companies in Digital Lending are funded, with 2,025 having secured Series A funding. Till date, the sector has seen the creation of 73 Unicorns. United States has the most number of companies in Digital Lending (6,278), followed by India
(2,437), and then United Kingdom (1,534).
2026 has seen the creation of 242 Digital Lending companies. On average, the last 10 years have seen 992 new companies launched every year. Most number of Digital Lending startups have been founded by alumni from Stanford University, Harvard University and IIT Delhi.
Here is a List of top companies in Digital Lending
1. SoFi
Online bank offering consumer loans and insurances. It offers multiple loan products including personal loans, student loans, home loans, business loans, and more. It also offers insurance including life insurance, home insurance, and more. It also features an app-based platform for trading stocks, ETFs, crypto, and accessing financial services. The app is available on IOS and Android devices.
Key facts about SoFi
- Founded Year: 2011
- Location: San Francisco (United States)
- Stage: Public
- Total Funding till date: $3.04B
- Investors: Renren, Baseline Ventures and 79 Others
- Latest Funding Round: Post IPO, Feb 18, 2024, $*****
- Tracxn Score: 87/100 What is this?
- Competitors Rank: 1 of 567 Competitors
2. Affirm
Provider of point of sale financing solutions for consumers and merchants. It facilitates payment plans with transparent terms and no hidden fees. The company provides options for consumers to pay over time at various retailers. It offers a mobile application and browser extension to manage payments.
Key facts about Affirm
- Founded Year: 2012
- Location: San Francisco (United States)
- Stage: Public
- Total Funding till date: $1.22B
- Investors: GIC, Founders Fund and 45 Others
- Latest Funding Round: Series G, Sep 17, 2020, $*****
- Tracxn Score: 86/100 What is this?
- Competitors Rank: 1 of 65 Competitors
3. BharatPe
Provider of payment solutions, lending, and investment opportunities for businesses. It offers tools for payment acceptance, including QR codes and card payment devices. Additionally, it facilitates business loans and provides an investment platform. The company aims to support businesses with financial products.
Key facts about BharatPe
- Founded Year: 2018
- Location: Gurugram (India)
- Stage: Series E
- Total Funding till date: $584M
- Investors: Ribbit Capital, Coatue and 61 Others
- Latest Funding Round: Venture Debt, Sep 23, 2026, $*****
- Tracxn Score: 86/100 What is this?
- Competitors Rank: 1 of 375 Competitors
4. Prosper
Prosper is a peer-to-peer lending marketplace. Prosper allows people to invest in each other in a way that is financially and socially rewarding. Borrowers list loan requests between $2,000 and $35,000 and individual lenders can invest as little as $25 in each loan listing they select. Prosper handles the servicing of the loan on behalf of the matched borrowers and investors. It also offers personal loans for business purposes. It has disbursed more than $5B in loans as of February 2016. Its investors include investors include Sequoia Capital, BlackRock, Institutional Venture Partners, and Credit Suisse NEXT Fund.
Key facts about Prosper
- Founded Year: 2005
- Location: San Francisco (United States)
- Stage: Acquired
- Total Funding till date: $414M
- Investors: Sequoia Capital, Meritech and 48 Others
- Latest Funding Round: Conventional Debt, Nov 17, 2022, $*****
- Tracxn Score: 84/100 What is this?
- Competitors Rank: 1 of 931 Competitors
5. Tabby
Provider of purchase financing solutions for businesses. The platform enables users to purchase from multiple online stores and allows to repay the amount in equal installments. It offers a credit card offering buy now pay later loans with installment-based repayment options. It allows users to split purchases into four interest-free payments, both online and in-store. The platform also offers shopping assistant that lets users discover and track products, brands and deals in the application.
Key facts about Tabby
- Founded Year: 2019
- Location: Riyadh (Saudi Arabia)
- Stage: Series F
- Total Funding till date: $837M
- Investors: Blue Pool Capital, STV and 29 Others
- Latest Funding Round: Series F, Sep 14, 2026, $*****
- Tracxn Score: 84/100 What is this?
- Competitors Rank: 1 of 347 Competitors
