RISE Credit is an online lender offering unsecured installment loans and lines of credit to non-prime borrowers.
The company is a product of Elevate Credit Inc., a company that facilitates loans for people with lower credit scores.
Elevate’s current generation of product offerings was launched in 2013.
In 2014, Elevate was spun off from Think Finance, Inc., a technology licensing platform and lender. Elevate was incorporated in Delaware in January 2014.
On April 6, 2017, the parent company went public on the New York Stock Exchange under the symbol “ELVT”. On April 11, 2017, Elevate completed its initial public offering as the underwriters exercised their option to purchase additional shares. The aggregate net proceeds received by the company from were approximately $80.2 million.
In June 2017, RISE announced that it will now offer lines of credit to non-prime consumers in Kansas. The company currently operates in 16 states.
Headquarters for RISE are located in Fort Worth, Texas.
Rise Credit
RISE Credit is an online lender offering unsecured installment loans and lines of credit to non-prime borrowers.
The company is a product of Elevate Credit Inc., a company that facilitates loans for people with lower credit scores.
History
Elevate’s current generation of product offerings was launched in 2013.
In 2014, Elevate was spun off from Think Finance, Inc., a technology licensing platform and lender. Elevate was incorporated in Delaware in January 2014.
On April 6, 2017, the parent company went public on the New York Stock Exchange under the symbol “ELVT”. On April 11, 2017, Elevate completed its initial public offering as the underwriters exercised their option to purchase additional shares. The aggregate net proceeds received by the company from were approximately $80.2 million.
In June 2017, RISE announced that it will now offer lines of credit to non-prime consumers in Kansas. The company currently operates in 16 states.
Headquarters for RISE are located in Fort Worth, Texas.