FORT WORTH, Texas--(BUSINESS WIRE)--
Recognition highlights Elevate’s continued success in serving the financially fragile and those not well served by traditional financial institutions
Elevate Credit, Inc. (“Elevate”), a leading tech-enabled provider of innovative and responsible online credit solutions for non-prime consumers, has been named as one of six finalists in the “Excellence in Financial Inclusion” category for the LendIt Fintech Industry Awards 2019. This award is given to the company that has made the biggest impact in expanding access to financial services in new and innovative ways.
“We are thrilled to be recognized for the second year in a row by LendIt for our continued efforts to expand credit access to millions of Americans,” said Ken Rees, CEO of Elevate. “Our goal is to provide smarter, more flexible, and fairer credit products to those who need them most, a group we call the New Middle Class.”
By utilizing advanced analytics and alternative data, Elevate and its bank partners can serve the millions of Americans who are left outside of the traditional banking system. To support its suite of responsible, online credit products, Elevate’s Center for the New Middle Class researches and reports on the state of America’s non-prime consumers, seeking to educate policy makers, other online lenders and financial institutions, and the public at large.
“We are honored to be recognized alongside our industry peers that are joining us in the fight for financial inclusion. We thank LendIt for this honor and look forward to the awards in April,” said Rees.
A judging panel of journalists, technologists and other industry experts selected the finalists, recognizing companies across 22 categories including Excellence in Financial Inclusion, Top Emerging Technology Company, and Fintech Innovator of the Year. Winners will be evaluated by the same judging panel of industry experts and announced during the LendIt Fintech Industry Awards Dinner on April 9th in San Francisco.
Elevate (ELVT), together with its bank partners, has originated $6.7 billion in non-prime credit to more than 2.2 million non-prime consumers to date and has saved its customers more than $4.8 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, Elastic, Sunny and Today Card. For more information, please visit http://www.elevate.com.