Elevate Announces Amended Credit Facilities with Victory Park Capital

Elevate Announces Amended Credit Facilities with Victory Park Capital

FORT WORTH, Texas–(BUSINESS WIRE)–Feb 11, 2019–Elevate Credit, Inc. (NYSE:ELVT) (“Elevate” or perhaps the “Company”), a prominent tech-enabled provider of revolutionary and accountable on line credit solutions for non-prime customers, today announced amendments towards the credit facilities because of its four services and products with Victory Park Capital (“VPC”), a leading alternative investment firm that is global. The facilities that are new fund loans originated by Elevate as well as its bank lovers. This may lead to a notably less expensive of money for Elevate and offer over one billion bucks in available money.

“Our partnership with Victory Park Capital happens to be a driver that is important of tremendous development up to now. Our company is proud to keep our long-standing relationship with VPC with one of these dramatically expanded and lower-cost financing facilities,” said Ken Rees, Elevate CEO. “Elevate is filling a crucial void available in the market by giving underserved customers within the U.S. and U.K. with safe and transparent kinds of alternate credit,” stated Tom Welch, partner at VPC. “This latest transaction further solidifies our partnership with Ken along with his group, which now spans over almost 10 years, and now we anticipate Elevate’s proceeded success.”

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