Elevate Delays Pricing of Anticipated Initial Public Offering

FORT WORTH, Texas--(BUSINESS WIRE)-- Elevate Credit, Inc. today announced that due to the volatile market, it has decided to temporarily delay the pricing of its initial public offering.

“Although the response to the marketing of our planned IPO has been very favorable, we recognize that the current market volatility makes it very difficult to price our offering at present,” stated Elevate’s Chief Executive Officer Ken Rees. “We will continue to evaluate the timing for the offering as market conditions develop. We believe our strong growth to date, and our responsible online credit products, make Elevate an exciting opportunity that we look forward to bringing to the market.”

About Elevate

Elevate’s innovative 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, Sunny, and Elastic. The company is privately held and is backed by respected Silicon Valley venture capital firms including Sequoia Capital and Technology Crossover Ventures.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160121005798/en/

Media Inquiries:
For Elevate
Laura Anderson, 203-682-8267
[email protected]
or
Kelly Ann Doherty, 817-928-1534
[email protected]

Source: Elevate Credit, Inc.

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