Zebit UK LTD is a technology company.
Zebit UK LTD has raised $25.0M across 1 funding round.
Zebit UK LTD has raised $25.0M in total across 1 funding round.
Zebit UK LTD has raised $25.0M in total across 1 funding round.
Zebit UK LTD's investors include Wildcat Ventures.
Zebit UK LTD (company number 07632980) was a short-lived private limited company registered in the UK, incorporated on May 13, 2011, and dissolved on November 15, 2016. It operated under SIC code 82990 for "Other business support service activities not elsewhere classified," with its last accounts filed up to June 30, 2016, and registered office at Wisteria Grange Barn, Pikes End, Pinner, London, HA5 2EX.[5] There is no public evidence of significant products, revenue, or operations tied specifically to this entity as a technology company; it appears unrelated to the US-based Zebit, Inc., an active e-commerce platform offering zero-interest financing for credit-challenged consumers.[1][2][3][4][6]
Note that searches predominantly surface information on Zebit, Inc. (formerly Workpays LLC), a San Diego-headquartered e-commerce firm founded in 2014 (name changed in 2015), which provides a marketplace for electronics, appliances, furniture, and more, with "buy now, pay later" at 0% APR, no credit checks, and machine learning-based underwriting for underserved customers.[1][2][3][4][6] It serves financially constrained users, solving high-cost financing issues (e.g., payday loans), with revenue growth from $45M in 2018 to $117M in 2021 and over 300K users by 2019.[2][4] If the query intends this US entity, it matches a technology-driven fintech/e-commerce model far better than the dissolved UK shell.
Zebit UK LTD has minimal public backstory: incorporated in 2011 as a private limited company in Pinner, London, it provided unspecified business support services before dissolution in 2016, with no records of founders, traction, or notable events.[5] No technology product or pivot is documented.
In contrast, Zebit, Inc. (US) emerged from Workpays LLC (incorporated 2014), rebranded in April 2015 under CEO Marc Schneider to target underserved consumers with interest-free credit via big data and machine learning, avoiding traditional credit scores.[1][2][3] Early traction included rapid user growth to 300K+ by 2019, $100M+ revenue projection, and access to 1M+ products from suppliers like Best Buy.[2] Pivotal moments: 2020 IPO after raising $111.5M from investors like Wildcat Venture Partners.[3]
For Zebit UK LTD, no differentiators are available due to its dissolution and vague SIC classification—likely a non-operational or support entity without tech products.[5]
Zebit, Inc. (US) stands out in e-commerce/fintech:
Zebit UK LTD played no discernible role, as it dissolved without impact on UK tech, e-commerce, or fintech ecosystems.[5]
Zebit, Inc. (US) rides the BNPL and digital lending wave, targeting the 45M+ US underbanked/credit-invisible consumers amid rising e-commerce (post-2019 growth) and alternatives to predatory lending.[2][3] Timing aligns with fintech democratization (e.g., Affirm, Afterpay), using AI/ML for inclusive credit amid market forces like inflation and cash constraints favoring no-interest options.[3] It influences by expanding access to quality goods, fitting into Payments/Fintech collections, and challenging rent-to-own models with lower costs.[2][3]
Zebit UK LTD offers no ongoing relevance, having ceased in 2016—any "technology company" label lacks substantiation and may stem from confusion with its US namesake.[5]
For Zebit, Inc. (US), expect sustained growth in BNPL amid economic pressures, potentially expanding product lines or partnerships (e.g., more merchants) as AI underwriting improves inclusion.[2][3][6] Trends like embedded finance and regulatory scrutiny on lending could shape it; post-2021 revenue momentum ($117M) and IPO status position it to deepen ecosystem influence, evolving from niche retailer to broader payments player—reinforcing its mission as a "radically better financial alternative."[2]
Zebit UK LTD has raised $25.0M across 1 funding round. Most recently, it raised $25.0M Series D in May 2012.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 1, 2012 | $25.0M Series D | Wildcat Ventures |