Fox Corp. entered an agreement to buy a majority stake, or 67%, of consumer finance marketplace Credible Labs Inc. for $265 million, according to a company release. 

Fox has agreed to commit another $75 million in growth capital over the next two years. 

Credible Labs, which operates under the name Credible, allows consumers to access instant online quotes on student and personal loans and mortgages. 

"The acquisition of Credible underscores Fox Corp.'s innovative digital strategy that emphasizes direct interactions with our consumers to provide services they want and expand their engagement with us across platforms," Lachlan Murdoch, executive chairman and CEO of Fox, said in the release. 

Credible founder and CEO Stephen Dash will exchange shares equal to 33% of Credible's outstanding stock into a new subsidiary of Fox. He will continue to serve as CEO of Credible.