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Elevate

News RoundupOnline LendingUSA
·Jan. 25, 2017

Elevate Announces Customer Progression Milestones

Online lender Elevate has released customer progression milestones showing improved credit scores and rate eligibility; 55,000 customers on the platform have improved their credit scores and 20,000 customers can now receive a lower borrowing rate; Elevate's unique RISE credit product facilitates credit scoring improvement by educating customers on their personal financial credit and offering subsequent loans at reduced rates of up to 50% for qualified borrowers.  Source

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News RoundupOnline LendingUSA
·Mar. 6, 2017

Elevate Releases Study on Subprime Consumer Credit

Elevate's Center for the New Middle Class has released a study showing subprime consumers are limited in their ability to utilize credit balances or borrow from their social networks; the Center's study reports 70% of nonprime Americans couldn't cover an urgent expense of $500 or more with their savings and 64% wouldn't be able to borrow from friends and family; the Center's study amplifies the need for solutions targeting nonprime borrowers; Elevate's Center for the New Middle Class is currently undergoing research efforts to support nonprime credit access and personal financial management efficiencies.  Source

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FintechNews RoundupUSA
·Dec. 11, 2017

Lend Academy Podcast: Ken Rees of Elevate

The CEO and Chairman of Elevate talks about the challenges of the short term loan space and what makes his company different. Source

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Blog
·Apr. 5, 2016

Predictive Analytics – A Bridge to Credit

[Editor’s note: This is a guest post from Eric VonDohlen, Chief Analytics Officer at Elevate. Elevate is a Bronze Sponsor at LendIt...
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News RoundupOnline LendingUSA
·Mar. 27, 2017

Elevate Details IPO Plans

Company is offering 7.7 million shares at $12 - $14 per share and may raise up to $124 million; Elevate will be listed on the New York Stock Exchange with ticker ELVT; UBS is leading the IPO with participation from Credit Suisse and Jefferies; according to Elevate CEO Ken Rees: "When we began our IPO process over a year ago, we told you we would grow revenue and profits throughout 2016, while continuing to provide the most responsible credit products in our space. In fact, we improved the company in almost every way."  Source

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FintechNews RoundupUSA
·Jan. 28, 2020

How Two Online Lenders are Combating Fraud

Attacks on online lenders have started to increase according to data from LexisNexis Risk Solutions; some fintech companies such as...
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Bank manager with face mask using touchpad while talking to her clients on a meeting in the office.
Opinion
·Nov. 24, 2021

Pandemic’s financial impact was uneven and financial institutions can help

Financial services companies must reckon with a consumer base that is hurting and anxious about what’s coming next and ask: How do we transition from temporary relief to a more permanent financial recovery?
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