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CMAX LLC is a privately-held, venture capital-backed financial services company that creates a markplace for consumer credit portfolios. CMAX specializes mainly in consumer credit card debt, but also makes markets in business credit, student loans, and medical debts. Buyers and sellers of such debt transact with one another in fixed price or auction format on the CMAX NDSE marketplace. CMAX LLC was founded in 2004 by Steven Kass and is headquartered in West Palm Beach, Florida.
| Company Tags: | VC Backed |
| Year Founded: | 2004 |
| Formerly Named: | CreditMax LLC |
| Fiscal Year End: | 12/31 |
| 1YR Revenue Growth Rate: | View % |
| 3YR Revenue Growth Rate (CAGR): | View % |
| 1YR Employee Growth Rate: | View % |
| 3YR Employee Growth Rate (CAGR): | View % |
| City: | West Palm Beach |
| State/Province: | Florida |
| Country: | United States |
| Website: | www.creditmaxmarketing.com |
| Subsidiaries: | CMAX NDSE CMAX Recoveries |
| Brands: | CMAX CMAX NDSE |
| Founders: | Stephen B. Kass |
The PrivCo Industry Classification System™ (PICS) is our proprietary, modernized industry classification system, geared especially toward privately-held companies and including newer emerging sub-industries that are not reflected in other outdated industry classification systems, such as SIC and NAICS.
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| * | CMAX LLC fiscal year end: 12/31 |
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$99 Single Company AccessInstant Full Site-Wide AccessCMAX LLC Revenues ($ MM): |
CMAX LLC Total Employees: |
CMAX LLC Productivity (Revenue/Employee) ($): |
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$99 Single Company AccessInstant Full Site-Wide Access| Date | Investor | Round | Investor Type | |
| Aug. 2010 | View | A | Corporate | |
| Aug. 2010 | View | A | Private Equity | |
| Details | Total Round A2 View | |||
| 1 | PartnerRe invested in...Read More → |
| 2 | CMAX raised an unspecified amount...Read More → |
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$99 Single Company AccessInstant Full Site-Wide AccessAuctions
CMAX creates an environment much like eBay where debt sellers can place an account or portfolio up for auction. The seller may set a reserve price or a buy it now price. Like other online marketplaces, debt buyers on CMAX's NDSE platform can search for specific types of debt. Parameters in the CMAX search engine include charge off date and account balance.
Debt sellers may also choose to set fixed prices for the debt they are selling instead of having an auction.
Buyers
CMAX manages a network of over 3,500 debt buyers. These network members are serious investors; to register with CMAX, they must submit a significant amount of information proving their eligibility to invest in the debt products in the CMAX marketplace. One of these pieces of information is proof of at least $1 million in liability insurance. To sidestep this process, CMAX debt buyers can be automatically approved if they belong to several collection agencies (NARCA, ACA, DBA, &… Continue Reading →
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PrivCo is the authority for financial & business data on major private companies, including:
| Private Companies | 209,154 |
| Private Investors | 12,014 |
| Private M&A Deals | 43,165 |
| VC/Funding Rounds | 36,097 |
| Total Data Points | 95,786,176 |
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