Company Overview
Elevate (NYSE: ELVT) has originated $5.9 billion in non-prime credit to more than 2 million non-prime consumers to date and has saved its customers more than $4 billion versus the cost of payday loans. Its responsible, tech-enabled online credit solutions provide immediate relief to customers today and help them build a brighter financial future. The company is committed to rewarding borrowers’ good financial behavior with features like interest rates that can go down over time, free financial training and free credit monitoring.
Elastic, a bank issued line of credit, makes it easy for customers to access money as soon as the next Business Day. Customers can borrow as much as they need up to their Credit Limit. As payments are made, Available Credit is replenished. Elastic offers simple pricing without any hidden fees or prepayment penalty. Elastic made a commitment to responsible lending, so a portion of the Balance is due each Billing Cycle with any applicable fees. There is also a Cooling-Off Period designed to help customers on a road to better financial health.
With millions of non-prime Americans living paycheck to paycheck who are too often turned away by traditional credit providers, RISE is a state-licensed online lender meeting their needs responsibly with unsecured installment loans and lines of credit. With features such as fast approval, flexible terms, rates that can go down over time, credit bureau reporting, free credit score monitoring and financial literacy courses, RISE is a path toward a brighter financial future.
Sunny is a better alternative for the UK’s short-term borrowers. Whether customers need a few hundred pounds to bridge a short-term gap, or a larger sum to turn a plan into reality, Sunny lets them select the loan amount that’s exactly right for their circumstances. Sunny gives the customer maximum control and flexibility, encourages them to pay back as soon as they can with no penalties for early repayment, and is completely fee free. That combined with money tips available on the website, make Sunny a product committed to helping customers become more financially healthy.
Today Card Mastercard is a first-of-its kind credit card that offers a prime experience to non-prime consumers. In partnership with Capital Community Bank and Mastercard, Today Card offers features previously unheard of in the non-prime credit space, including a mobile first experience, credit lines up to $3,500, credit monitoring and family line sharing. As Elevate’s first product with prime rates, Today Card continues their mission of providing customers a path to a better financial future.