Zebit, a San Diego ecommerce startup, expects to bring in revenue of $100 million in 2019. The company offers an online marketplace for users with no credit or limited credit options.
The company passed 300,000 users as of Jan. 30, and offers over 1 million products through its online marketplace, ranging from consumer electronics to furniture. Zebit’s users can pay for items in full, or finance them with monthly payments, with no interest.
“In today’s economy, many consumers with limited access to credit are trying to find cost-effective options to buy what they need for themselves and their families, and Zebit provides a much-needed solution for this underserved market,” Zebit CEO and Co-Founder Marc Schneider said in a news release. “The company’s rapid growth and booming sales projections showcase the vital need for a financial solution of this type, which redefines the way consumers can access credit for their online purchasing needs.”
Founded in 2015, the company has raised a total of $39 million in funding to date, with lead investors including Alexandria, Va.-based Route 66 Ventures and San Francisco-based CrossLink Capital.