Company:Concora Credit
| Formerly | Genesis Financial Solution |
|---|---|
| Industry | Finance, credit |
| Founded | 2001 |
| Website | https://about.concoracredit.com/ |
Concora Credit, formerly known as Genesis Financial Solutions, was established in 2001 by Irving Levin. Concora Credit is a servicer of consumer loans, offering both general-purpose credit cards and private-label programs.[1]
Overview
In 2001, Genesis Financial Solutions was founded as a consumer specialty finance company focused on the acquisition, origination, and servicing of non-prime consumer credit. In 2017, the company announced its acquisition with Signet Jewelers which sold its revolving credit portfolio to Genesis Financial Solutions.[2][3]
Genesis Financial Solutions rebranded as Concora Credit in 2023.[4][5] In that same year, Concora Credit acquired Great American Finance Companies' private-label portfolio and merchant relationships.[6]
Concora Credit provides credit to non-prime consumers through credit programs and private-label credit card programs.[7]
References
- ↑ "Genesis Financial Solutions Closes Growth Equity Investment from The Edgewater Funds – Edgewater Funds". 27 February 2019. https://www.edgewaterfunds.com/genesis-financial-solutions-closes-growth-equity-investment-from-the-edgewater-funds/.
- ↑ "Genesis Financial Solutions looks ahead following Signet deal". https://www.bizjournals.com/portland/news/2017/11/29/genesis-financial-solutions-looks-ahead-following.html.
- ↑ "Signet Loses Shine as Sales Retreat, Will Sell its Credit Portfolio" (in en-US). Wall Street Journal. 2017-05-25. ISSN 0099-9660. https://www.wsj.com/articles/signet-loses-shine-as-sales-retreat-will-sell-its-credit-portfolio-1495716712.
- ↑ Gusinow, Sander (2023-09-27). "Genesis Financial Solutions Becomes Concora Credit" (in en-US). https://oregonbusiness.com/genesis-financial-solutions-becomes-concora-credit/.
- ↑ Staff, Furniture Today (2023-09-27). "Genesis Financial rebrands with new website and tagline" (in en-US). https://www.furnituretoday.com/finance/genesis-financial-rebrands-with-new-website-and-tagline/.
- ↑ "Concora Credit acquires Great American Finance Co. private-label portfolio - Furniture Today". Furniture Today. 27 December 2023. https://www.furnituretoday.com/financial/concora-credit-acquires-great-american-finance-co-private-label-portfolio/.
- ↑ Arroyo, Carmen; Tan, Gillian (2024-07-24). "Castlelake Exploring $1 Billion Sale of Concora Credit" (in en). Bloomberg.com. https://www.bloomberg.com/news/articles/2024-07-24/castlelake-said-to-explore-1-billion-sale-of-concora-credit.
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