Credible, a digital lending marketplace, has acquired Young Alfred, a digital insurance marketplace.
Credible offers customers personalized and prequalified rate options when looking for student loans, personal loans and mortgages. The deal will provide Credible customers with the same experience when choosing property and casualty insurance coverage.
Young Alfred’s proprietary technology analyzes underwriting requirement to deliver consumers products that fit their specific insurance needs. The firm provides an end-to-end digital experience to purchase or renew policies without the need of an insurance agent.
“We are pleased to welcome the Young Alfred team to Credible,” said Stephen Dash, founder & CEO of Credible. “By integrating Young Alfred’s technology and marketplace onto Credible’s platform, and leveraging the expertise of the team, we are now able to provide consumers with a one-stop-shop for their lending and insurance needs.”