Atlanticus Holdings Corporation's Fortiva Retail Credit program has expanded its financing options to include Lowe's and Mattress Firm. This development was noted on December 4, 2024, highlighting a significant increase in the program's retail presence. Lowe's is identified as a top three retail partner of Synchrony, indicating the scale of this new integration.
The addition of these major retailers means that Fortiva Retail Credit will now offer its second-look financing solutions to a broader customer base for large-ticket items. This expansion is expected to drive increased transaction volumes and managed receivables within Atlanticus's Credit as a Service segment. The move leverages existing partnerships and extends the reach of Atlanticus's technology-enabled credit platform.
This strategic expansion into prominent retail chains like Lowe's and Mattress Firm underscores Atlanticus's ability to secure and grow partnerships with significant merchants. It positions the company to capture a larger share of the consumer financing market for underserved individuals. The success with these early integrations is a positive indicator for future growth opportunities.
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