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CURO Group Holdings Corp. (NYSE: CURO) is a leading provider of financial solutions, offering a wide range of services to meet the evolving needs of consumers. Founded in 1997 in Riverside, California, by three childhood friends from Wichita, Kansas, CURO has grown from a single storefront to a multi-brand powerhouse with a significant online presence.
CURO operates under various well-known brands including Speedy Cash, Rapid Cash, Cash Money, LendDirect, Avío Credit, Opt+, Juo Loans, and WageDayAdvance. These brands offer a variety of financial products such as short-term loans, installment loans, lines of credit, and other financial services. The company prides itself on providing financial freedom to the underbanked, a segment of the market that often lacks access to traditional banking services.
With over 20 years of operational experience, CURO has developed a robust financial technology platform that ensures seamless and efficient transaction processing. The company’s unique, fully integrated system allows for end-to-end ownership of every financial transaction, ensuring high-quality service and customer satisfaction.
Recent achievements include the expansion of online services, strategic partnerships to enhance service offerings, and continuous improvements in their technology infrastructure to better serve their customers. CURO’s financial condition remains strong, with a focus on sustainable growth and profitability. The company is committed to innovation and adapts quickly to changes in the financial landscape, ensuring they remain a trusted partner for their customers' financial needs.
CURO Group Holdings Corp. (NYSE: CURO) announced an upsized offering of senior secured notes, increasing from $225 million to $250 million. The 7.500% notes due 2028 are priced at 100.500% of their principal amount. Proceeds will finance the acquisition of Heights Finance. The offering is expected to close on December 3, 2021, subject to conditions. The notes won’t be registered under the Securities Act and can’t be sold in the U.S. without registration or exemption. Forward-looking statements caution investors about potential risks affecting actual outcomes.
Flexiti Financial Inc. ranks 10th on Deloitte’s 2021 Canada’s Technology Fast 50 and 54th on the North American Technology Fast 500, reflecting a 3,143% revenue growth from 2017 to 2020. This is Flexiti's third consecutive year on both lists, highlighting significant growth in the buy now, pay later (BNPL) sector. Flexiti operates in over 7,000 Canadian retail locations, offering 0% interest financing at the point of sale. Deloitte’s awards recognize companies demonstrating exceptional growth and innovation in technology.
CURO Group Holdings Corp. (NYSE: CURO) plans to offer
CURO Group Holdings Corp. (NYSE: CURO) has announced its acquisition of Heights Finance for a total of
CURO Group Holdings Corp. (CURO) reported significant growth in its Q3 2021 financial results, with total revenue increasing by 15% year-over-year to $209.3 million and gross loans receivable up by 77.4%. The Canadian operations drove this growth, notably the POS Lending segment which saw a 63% revenue increase sequentially. Despite these gains, CURO reported a diluted loss per share of $1.02, largely due to a loss on debt extinguishment. The company also raised its revenue and earnings growth outlook for 2022 and 2023, anticipating continued strong trends as demand recovers from the pandemic.
CURO Group Holdings Corp. (NYSE: CURO) will release its third-quarter 2021 financial results after market close on November 1, 2021. A conference call discussing the results is scheduled for November 2, 2021, at 8:15 a.m. Eastern Time, accessible via the CURO Investors website. The company, founded in 1997, focuses on providing loans to non-prime consumers in the U.S. and Canada through various brands and innovative technology platforms. A replay of the call will be available until November 9, 2021.
Flexiti Financial has launched its 0% interest financing solution at 78 London Drugs locations, following a successful pilot program. Customers can apply for a FlexitiCard in-store, allowing for immediate purchases upon approval through a seamless, paperless application process. This partnership aims to enhance consumer affordability across a variety of product categories. Flexiti, a subsidiary of CURO Group Holdings, is recognized as one of Canada’s fastest-growing buy now, pay later lenders, accepted at over 7,000 locations nationwide.
Flexiti Financial Inc. has been ranked 13th on Canada’s Top Growing Companies list for 2021, marking a three-year revenue growth of 3,181%. This recognition is attributed to Flexiti’s successful omni-channel financing solutions, including the FlexitiCard®, which offers quick approval and flexible payment options. The company has expanded its operations, notably by partnering with one of Canada's largest retailers and entering the Quebec market. This is Flexiti's third consecutive year on the list, reflecting consistent growth and resilience in a challenging business environment.
CURO Group Holdings Corp. (CURO) reported its Q2 financial results for 2021, showing a modest revenue growth of 2.8% year-over-year to $187.7 million. Notably, net income surged to $104.5 million, reflecting a substantial increase of 373.5%. The Canadian operations demonstrated strong performance, with direct lending growing by 40.7%. CURO completed its acquisition of Flexiti, further enhancing its product offerings. However, total revenue for the first half of 2021 saw a 17.1% decline compared to the previous year, primarily due to COVID-19 impacts and reduced U.S. loan demand.
CURO Group Holdings Corp. (NYSE: CURO) will release its second quarter 2021 financial results after market close on July 28, 2021. A conference call to discuss these results will take place on July 29, 2021, at 8:15 a.m. Eastern Time, accessible via the CURO Investors website. They provide a range of financial services including short-term loans and operate under several brands such as Speedy Cash and Rapid Cash. CURO aims to meet the needs of non-prime consumers through innovative financial solutions.
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