Direct LendingLending as a Service provider Vervent Acquires Total Card

Enters Credit Card Market to Offer Card Servicing and Origination
BusinessWire BusinessWireDecember 1, 20202 min

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.”

For more such Updates Log on to https://fintecbuzz.com/ Follow us on Google News Fintech News

BusinessWire

BusinessWire

Leave a Reply

Your email address will not be published. Required fields are marked *

We are one of the world’s leading Fintech-based media publication with our content strategized and synthesized to fit right into the expanding ecosystem of Finance professionals. Be it fintech live news, finance press releases, tech articles from Fintech evangelists or interviews from top leaders from global fintech firms, we give the best slice of knowledge topped up with the aptest trends. Our sole mission is to help tech and finance professionals step up with the rapidly emerging Fintech civilization and gain better insights to emerge victorious in every possible way. We adopt a 360-degree approach in order to cater to present a holistic picture of the fintech arena.

Our Publications




FintecBuzz, 2021 © All Rights Reserved