Continental Finance Company, LLC
May 09, 2024, 10:20 ET
Continental Finance, an esteemed financial technology company, has successfully completed the acquisition of the Today Card Portfolio, previously under the ownership of Elevate Credit, Inc. & Capital Community Bank, Inc. This acquisition marks a significant milestone in the company’s strategic expansion.
Since its inception in 2005, Continental Finance has been dedicated to advancing financial inclusion through cutting-edge and adaptable technology. The company has established itself as a leading marketer and servicer of credit cards for individuals with less-than-perfect credit.
The acquisition of the Today Card Portfolio aligns with Continental Finance’s vision to empower individuals with innovative financial solutions. The company aims to fortify its position in the competitive financial services industry by providing unparalleled value and benefits to its growing base of credit card customers.
According to Stephen McSorley, President at Continental Finance, “We are delighted to announce the acquisition of the Today Card Portfolio. This strategic move underscores our steadfast commitment to providing consumers with access to top-tier bank-issued financial products.”
The incorporation of the Today Card Portfolio has enhanced Continental Finance’s market presence, adding 25,000 new credit card holders to the portfolio, which comprises approximately $1.1 billion in credit card receivables and 1.3 million credit card accounts.
As part of the acquisition, Continental Finance, in collaboration with The Bank of Missouri, ensured a seamless transition for customers on February 25, 2024, safeguarding their existing benefits, while introducing new features and offerings.
This acquisition reaffirms Continental Finance’s dedication to driving innovation, fostering growth, and delivering unparalleled value to its customers. The company remains committed to empowering individuals to achieve their financial goals in a rapidly evolving financial services landscape.
For further information about Continental Finance and its comprehensive range of financial products and services, please visit the official website.
About Continental Finance
Since its establishment, Continental Finance has managed over 5.3 million credit cards, prioritizing exceptional customer service and access to bank-issued credit products with innovative features. The company strives to offer affordable and secure options to consumers with poor or limited credit, utilizing responsible innovation to equip customers with the necessary tools for successful credit management.
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Continental Finance Company, LLC