Elevate Credit First Quarter 2021 Earnings Release Available on its Investor Relations Website

Rhea-AI Summary

Elevate Credit, a leader in online credit solutions for non-prime consumers, reported its first quarter 2021 financial results. Since inception, Elevate has originated $9.0 billion in non-prime credit to over 2.5 million consumers, saving them more than $8.2 billion compared to payday loans. The company’s technology-enabled services aim to provide immediate relief and support borrowers in building better financial futures. Key products include RISE, Elastic, and Today Card. For further details, the financial results are available on their Investor Relations webpage.

Positive

• Originated $9.0 billion in non-prime credit since inception.
• Saved customers over $8.2 billion compared to payday loans.
• Offers features rewarding good financial behavior, such as decreasing interest rates.

Negative

• None.

Elevate Credit, Inc. (“Elevate”), a leading tech-enabled provider of innovative and responsible online credit solutions for non-prime consumers, today announced financial results for the first quarter 2021. Elevate has posted its release to its Investor Relations webpage at http://investors.elevate.com/press-releases.

Conference Call

The Company will host a conference call to discuss its first quarter financial results on Monday, May 3 at 4:00 p.m. Central Time / 5:00 p.m. Eastern Time. Interested parties may access the conference call live over the phone by 1-877-407-0792 (domestic) or 1-201-689-8263 (international) and requesting the Elevate Credit First Quarter 2021 Earnings Conference Call. Participants are asked to dial in a few minutes prior to the call to register for the event. The conference call will also be webcast live through Elevate’s website at https://investors.elevate.com/corporate-profile/.

An audio replay of the conference call will be available approximately three hours after the conference call until 11:59 pm ET on May 17, 2021, and can be accessed by dialing 1-844-512-2921 (domestic) or 1-412-317-6671 (international), and providing the passcode 13718523, or by accessing Elevate’s website.

About Elevate

Elevate (NYSE: ELVT) provides online credit solutions to consumers and banks in the United States who are not well-served by traditional bank products and who seek alternative options to payday loans, title loans, pawn, and storefront installment loans. Elevate, and the banks that rely on its marketing expertise and license its technology services, has originated $9.0 billion in non-prime credit to more than 2.5 million non-prime consumers and has saved its customers more than $8.2 billion versus the cost of payday loans. Its responsible, tech-enabled online credit solutions provide immediate relief to customers today and help them build a brighter financial future. The company is committed to rewarding borrowers’ good financial behavior with features like interest rates that can decrease over time, free financial training and free credit monitoring. Elevate’s suite of groundbreaking credit brands includes RISE, Elastic and Today Card. For more information, please visit https://corporate.elevate.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210503005736/en/

FAQ

What were Elevate Credit's financial results for Q1 2021?

Elevate Credit announced its first quarter 2021 financial results, highlighting significant credit origination and consumer savings.

When is Elevate Credit's conference call to discuss Q1 results?

Elevate Credit's conference call is scheduled for May 3, 2021, at 4:00 p.m. Central Time.

How much non-prime credit has Elevate originated?

Elevate has originated $9.0 billion in non-prime credit to over 2.5 million consumers.

What brands does Elevate Credit offer?

Elevate's credit brands include RISE, Elastic, and Today Card.

What savings have Elevate customers achieved?

Elevate's customers have saved over $8.2 billion compared to traditional payday loans.