Elevate CEO Ken Rees Named Top Innovator to Watch for 2017
July 24 2017 - 8:30AM
Business Wire
Recognition reflects company’s technology-driven approach to
making credit more accessible for non-prime Americans
Following a successful IPO in April, Elevate Credit CEO Ken Rees
has been named to Bank Innovation’s “2017 Innovators to Watch”
list, underscoring the company’s unique technology-driven approach
to helping non-prime Americans access credit and build financial
health.
“Ken has shown vision and leadership for this company since day
one. His leadership has been driven by his passion for helping
non-prime consumers improve not only their immediate
situations but also their long-term financial outlooks. We are
excited and proud that he has received this well-deserved
recognition,” said John Rosenberg, Lead Director of Elevate’s Board
of Directors.
Elevate was founded to help give credit to non-prime Americans
(those with credit scores below 700) who cannot get credit from
other sources like banks. Rees and the founding team of Elevate saw
a gap in the market: as money continued to pour into innovating for
prime Americans (those with 700+ credit scores, who have plenty of
options), non-prime Americans were still lacking options. By
leveraging the best in machine learning and underwriting tactics,
combined with a team of world-class data scientists and
underwriters, Elevate has originated $4 billion in credit to more
than 1.6 million non-prime consumers to date.
Elevate’s suite of tech-enabled, responsible credit products
includes RISE, an installment loan product that helps Americans
smooth cash flows and avoid financial crises; Elastic, a
bank-issued line of credit that helps people stretch their
paychecks and draw upon it only when needed; and Sunny, a
responsible online credit product serving the UK.
“I’m thrilled and humbled by this recognition because this is an
honor for Elevate as a whole,” said Rees. “Our mission is to help
get credit in the hands of those who need it most and help them
improve their financial health, and I could not be prouder of what
our team has built.”
About Elevate
Elevate (NYSE: ELVT) has originated $4 billion in credit to more
than 1.6 million non-prime consumers to date. 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 go down over
time, free financial training and free credit monitoring. Elevate’s
suite of groundbreaking credit products includes RISE, Elastic and
Sunny. For more information, please visit
http://www.elevate.com.
Follow Elevate:Twitter: @elevatecreditFacebook:
facebook.com/ElevateCreditLinkedIn:
linkedin.com/company/elevate-credit
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version on businesswire.com: http://www.businesswire.com/news/home/20170724005216/en/
Investor Relations:Solebury CommunicationsSloan Bohlen,
817-928-1646investors@elevate.comorMedia
Inquiries:VestedIshviene Arora,
917-765-8720elevate@fullyvested.com
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