Credibles provides a platform for food businesses to access working capital to fund operations and growth.

PRI Profile

Based in San Francisco, Credibles works at the intersection of financial innovation, the sharing economy, and food systems. Credibles empowers communities to take control of their economic fate by enabling small & medium-sized food businesses to issue their own credits, or “credibles.” Using the Credibles online platform, businesses can issue credits to customers who prepay to purchase goods from their business (like a gift card), which serves as a mechanism for food businesses to access working capital to fund operations and growth.

Highlights

As of late 2016, Credibles has facilitated over $1.3 million in prepaid credits for its participating food businesses.