Draper, United States
Progressive Leasing is a leading provider of in-store, ecommerce, and app-based point-of-sale lease-to-own solutions that provide transparent and competitive payment options and flexible terms. The company, founded in 1999 and headquartered in the United States, aims to help credit-challenged customers achieve merchandise ownership. Through its technology-based proprietary platform, Progressive Leasing offers instant decisioning results, allowing millions of consumers to acquire various products, including furniture, appliances, jewelry, electronics, mattresses, and cell phones.
The company's mission focuses on financial empowerment, and its values prioritize people and integrity while emphasizing innovation and perseverance, as reflected in the organization's commitment to diversity and inclusive practices. Over the years, Progressive Leasing has received numerous accolades, including the Shatter List recognition from the Women Tech Council and being named as the Business Equality Leader by Equality Utah.
As an investor, observing the consistent recognition of Progressive Leasing in various prestigious awards and lists, such as being named among the Best Companies to Work For and the Fast 50, indicates the company's commitment to excellence and innovation. Its ownership by PROG Holdings, Inc. (NYSE:PRG), a fintech holding company, further solidifies its position in the industry. The company's focus on addressing the financial needs of underserved markets, coupled with its technological prowess, presents an attractive opportunity for investment within the financial services and insurance industries.
