Tagged: ken rees

Lend360: A New Era in Online Lending

I arrived in Dallas, Texas, the night before 2017’s Lend360. A conference catering to lenders, investors and vendors in the online lending space. It started out as OLA (Online Lenders Alliance) a number of years ago. Next year, Lend360 will take place in Chicago, one… Read More

Elevate’s RISE Product Now Offering Lines of Credit in Tennessee

Elevate Credit, Inc., a tech-enabled provider of online credit solutions for non-prime consumers, announced on Wednesday its RISE product is now offering lines of credit in the state of Tennessee. This news comes just after the product’s successful line of credit launch in Kansas and it makes Tennessee the 17th state that… Read More

Elevate Reports: Customers Have Saved More Than $2 Billion Thanks to Tech-Enabled Underwriting

Elevate Credit, Inc., a tech-enabled provider of online credit solutions for non-prime consumers, announced on Tuesday its customers have saved more than $2 billion, versus what they would have paid for payday loans. The company reports that $613 million of these cumulative savings were incurred… Read More

Lend360: Fintech is No longer a Boutique Financing Option, but a Key Component of Lending Market

Lend360 is an online lending / Fintech event taking place this coming October. As online lending and other forms of alternative finance have emerged as the future of the entire financial services sector, there have been a proliferation of conferences and events designed to tackle… Read More

Elevate Announces Launch of Elevate Labs At New San Diego Analytics Center

Elevate Credit (NYSE: ELVT), a provider of online credit solutions for non-prime consumers, announced on Monday the launch of Elevate Labs at its new San Diego-based Advanced Analytics Center. This news comes just a couple of weeks after the company revealed its Elastic product surpassed $200 million… Read More

Elevate Announces Two Customer Financial Progression Milestones

Elevate, a provider of innovative online credit solutions for non-prime consumers, announced on Wednesday it has achieved two major customer financial progression milestones.  According to Elevate, over 55,000 customers using its RISE product have improved their credit scores and more than 20,000 RISE customers are… Read More

Elevate Links with Victory Park Capital to Increase Credit Facility to $545M

Elevate, a provider of online credit solutions for non-prime consumers, today announced it has increased its credit facility with Victory Park Capital (VPC), a privately held registered investment advisor dedicated to alternative investing, by an additional $100 million to a total of $545 million. “Elevate… Read More

Brief: Elevate Credit Appoints Saundra Schrock to Board of Directors

Elevate Credit, an online lender in the payday loan space, announced on Tuesday managing partner of Equanimity Leadership Solutions, LLC, Saundra Schrock, has joined its Board of Directors, effective immediately. The company revealed that Schrock brings more than 35 years of experience in consumer financial services. Before taking… Read More

Elevate Credit Bails on IPO as Market Volatility Halts IPO Activity

Elevate Credit, an online lender in the payday loan space, decided to hold off on its IPO last week as the realities of an exceptionally volatile market gave pause to management.   Elevate CEO Ken Rees stated; “Although the response to the marketing of our planned… Read More

On Hold: Online Lender Elevate Postpones IPO Pricing Due to Difficult Market Conditions

Online lender Elevate Credit Inc. has postponed its initial public stock offering due to difficult market conditions, reported the Wall Street Journal. The firm was slated to price its initial public stock offering Thursday. Based in Fort Worth, Texas, Elevate Credit makes unsecured personal loans to subprime borrowers. In 2014, Elevate was spun out… Read More