Is Credit Genie a Scam?
No. Credit Genie (operated by Creditly Corp.) is a legitimate fintech company founded in 2019 by Ed Harycki, the former founder of Swift Capital (acquired by PayPal). The company has raised $21 million in venture capital from Khosla Ventures and Fortress Investment Group — reputable institutional investors who conduct extensive due diligence.
Security Features
- 256-bit SSL encryption on all data in transit and at rest
- Plaid-secured connections — bank credentials are never stored
- SOC 2 compliance framework and continuous security monitoring
- Zero data sales — personal information is never sold or rented
Regulatory Status
Creditly Corp. is registered with the California Department of Financial Protection and Innovation (DFPI) under the California Consumer Financial Protection Law, registration #04-CCFPL-1956127-3514680. The company also holds EWA registrations in Kansas (EWA.0000021), Utah (14253586-EWAS), and Missouri (9594).
Customer Reviews
Credit Genie maintains a 4.8-star rating on the App Store (109K+ reviews) and 4.7 stars on Google Play (71K+ reviews). On Trustpilot, the company has 745+ reviews with mixed but mostly positive feedback. Common praise includes ease of use and fast funding; common complaints involve customer service response times and the bank connection fee.
Our Verdict
Credit Genie is a legitimate, regulated financial technology company backed by institutional investors. It uses bank-level security and does not sell user data. While no financial service is without trade-offs, Credit Genie is demonstrably safe and trustworthy for its intended purpose of providing short-term cash advances.