Add-on Acquisition • Insurance

Credible Labs Acquires Young Alfred

On December 9, 2021, Credible Labs acquired insurance company Young Alfred

Acquisition Context

This is Credible Labs’ 1st transaction in the Insurance sector.
This is Credible Labs’ 1st transaction in the United States.
This is Credible Labs’ 1st transaction in Pennsylvania.

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M&A Deal Summary
Date	December 9, 2021
Target	Young Alfred
Sector	Insurance
Buyer(s)	Credible Labs
Deal Type	Add-on Acquisition

Target Company

Young Alfred

Philadelphia, Pennsylvania, United States

Young Alfred is a digital insurance marketplace offerings that include home, auto, renters, pet, rental home, flood, condo, and mobile home insurance. Young Alfred’s proprietary technology analyzes thousands of underwriting requirements spanning over 40 carriers in all 50 states to match consumers with products that suit their unique insurance needs. Young Alfred is based in Philadelphia, Pennsylvania.

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Buyer Overview 1

Buyer

Credible Labs

San Francisco, California, United States

Category	Company
Sector	Information Technology

DESCRIPTION

Credible Labs, Inc. is a U.S. company based in San Francisco which operates a consumer finance marketplace that helps consumers save money and make better financial decisions. Credible has developed a proprietary technology platform that is integrated with credit bureaus and financial institutions. Credible has developed a differentiated, and personalized user experience that enables consumers to compare instant, accurate prequalified rates from multiple financial institutions for student loans, personal loans, and mortgages.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Insurance	1 of 1
Type: Add-on Acquisition	1 of 1
State: Pennsylvania	1 of 1
Country: United States	1 of 1
Year: 2021	1 of 1

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