FORT WORTH, Texas--(BUSINESS WIRE)--
Elevate Credit, Inc. (NYSE: ELVT) (“Elevate” or the “Company”), a leading tech-enabled provider of innovative and responsible online credit solutions for non-prime consumers, today announced that it has appointed David Peterson as Chief Credit Officer, effective immediately.
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Peterson’s background includes 15 years’ experience in financial services, primarily in credit risk. He joined the company in 2010 and has held a number of roles of increasing responsibility in areas including credit strategy, risk, portfolio management and fraud. Previously he was with Americredit Financial Services. He holds a BBA in Finance and an MBA from the M.J. Neeley School of Business at Texas Christian University.
“I’m excited about the strong execution skills David brings to his new role,” said Elevate CEO Ken Rees. “We have built an excellent team of data scientists and risk analytics professionals, and David has a knack for bringing people together to drive clarity, move quickly and execute on a clear mission.”
Peterson now leads Elevate’s proprietary risk team, which includes some of the most advanced thinkers in risk analytics and machine learning for hard-to-underwrite consumers. The team is comprised of more than 30 data scientists, most of whom have advanced degrees, and five of whom have PhDs. Elevate invests more than $40 million annually in advanced analytics, data science and technology.
Peterson is a graduate of Elevate’s Executive Excellence (E3) Program, which puts high-performing executives through an intense year-long program designed to unleash potential, build leadership capabilities and ready them for future leadership roles at the company.
He replaces Brian Biglin, who left for personal reasons.
Elevate (ELVT) has originated $6.3 billion in non-prime credit to more than 2.1 million non-prime consumers to date and has saved its customers more than $4.4 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. Elevate’s suite of groundbreaking credit products includes RISE, Sunny, Elastic and Today Card. For more information, please visit http://www.elevate.com.