Zibby Parent Company Raised $10 Million
COGNICAL,, the parent company of Zibby, announced this week that it has raised $10 million in equity and debt financing, which it plans to use to "help e-retailers grow sales to nonprime and underbanked consumers."
Zibby is described as "a fully-integrated lease-to-own payment option for online shopping." "To pay with Zibby, customers click the Zibby button at checkout, complete a simple two-minute application, and are approved in real time," the company said. "FICO scores are not considered in the decision. Returning Zibby members checkout even faster."