| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
31 |
| Employees |
768 |
| Revenues (TTM) (Millions $) |
579 |
| Net Income (TTM) (Millions $) |
-68 |
| Cash Flow (TTM) (Millions $) |
6 |
| Capital Exp. (TTM) (Millions $) |
17 |
Business Description
Elevate Credit Inc is a technology-enabled provider of online credit solutions in the United States. The company specializes in offering unsecured and installment loans to non-prime consumers who do not have access to traditional banking services. The company operates through its two distinct brands - Rise and Elastic.
Rise is a short-term installment loan provider that offers loans up to $5,000. The loans are designed to be repaid over a period of 4 to 26 months, with interest rates varying between 36% and 299%. The loans are primarily designed for consumers with poor credit scores and who might have difficulty obtaining credit through traditional banks.
Elastic is a financial service providing a line of credit service with an exclusive pricing feature called "Cash Advance". This feature allows users to get cash at any time after the first five payments without any additional fees.
Additionally, Elevate Credit Inc also provides credit score monitoring services to its customers. The company's highly scalable technology platform enables it to provide quick decision making and personalized loan terms to customers. With a focus on using data and technology to provide fair and transparent credit solutions, the company has helped over5 million customers since its inception.
The company's revenue model consists mainly of origination fees, interest income, and non-interest income from other services such as credit monitoring services. The team of professionals at Elevate Credit Inc includes data scientists, software engineers, marketers, and industry analysts.
The company's commitment to responsible lending practices includes transparency in loan terms, providing free credit counseling services, and offering flexible repayment options. Elevate Credit Inc has also received several accolades and awards for its innovative approach to providing credit to underserved consumers.
Company Address: 4150 International Plaza, Fort Worth, 76109 TX
Company Phone Number: 928-1500 Stock Exchange / Ticker: NYSE ELVT
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