Vervent announced the acquisition of Total Card Solutions today in the next step towards further growth of the dynamic fintech company. Total Card has been a significant player in the credit card industry for over 20 years with a stellar reputation for service, over 400 employees, and two global operations centers. Their addition to Vervent’s tech-forward, proven, compliant, and efficient approach will continue to position the company for future success.
Vervent’s acquisition of Total Card closely follows their successful investment round from Stone Point Capital and their acquisition of Portfolio Financial Servicing Company (PFSC).
“Expanding Vervent’s Lending as a Service (LaaS) value chain with the acquisition of Total Card, now Vervent Card, makes a lot of sense,” said David Johnson, CEO and Founder. “We are excited to grow our footprint in the credit card marketplace to support our clients with a one-stop shop for credit card origination, underwriting, and servicing.”