Zibby obtains $100 million growth credit facility from Victory Park

By Wendy Van Sickle

Columbus, Ohio, Dec. 15 – Cognical, Inc., which does business as Zibby, obtained a $100 million senior secured credit facility from Victory Park Capital, according to a press release from Victory Park.

The credit facility will help the company grow and scale its omnichannel lease-to-own payment platform for in-store and online shopping, according to the release.

“Zibby has identified an underserved lease-to-own financing niche within the non-bank financial services landscape and has developed the underwriting and risk analytics to capitalize on it,” said Gordon Watson, partner at Victory Park, in the release.

“Zibby attempts to empower underbanked consumers with limited credit profiles by providing a payment option for acquiring household necessities that they otherwise could not afford.”

Based in New York, Zibby offers payment solutions online and in-store across 46 states, providing consumers with a way to acquire durable consumer goods, such as furniture, appliances and electronics.

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