Elevate Credit to Exit UK Market
June 30, 20207 min
Elevate Credit, Inc. (āElevateā), a leading tech-enabled provider of innovative and responsible online credit solutions for non-prime consumers, announced today that its wholly-owned subsidiary in the UK, Elevate Credit International Limited (āECILā), will cease operations in the UK effective June 29, 2020. The ECIL Board of Directors placed the UK subsidiary in administration under the UK Insolvency Act 1986 and appointed insolvency practitioners from KPMG LLP (the āAdministratorā) to take control and management of the...