Progressive Leasing

Progressive Leasing builds underwriting and credit-risk technology for virtual lease-to-own in the United States. The company's technical work spans credit risk modeling, underwriting systems that weigh multiple data points beyond traditional credit scores, data analytics, e-commerce platforms and mobile app development. It pioneered the virtual lease-to-own purchase option in the US, a category it has operated in since its founding in 1999.

The business allows consumers with less-than-perfect credit to acquire products through flexible payment plans. Lease-to-own solutions are delivered through three channels: in-store, e-commerce and mobile app. The company positions its offerings as transparent and competitive, and frames its purpose around financial empowerment for consumers underserved by conventional credit.

Progressive Leasing has more than 20 years in FinTech and has grown from a startup to an industry leader, serving millions of customers. It describes itself as the largest and longest-tenured virtual lease-to-own provider in the United States. Its solutions are applied across retail categories including furniture, appliances, electronics, jewelry, mattresses and cell phones, with operations confined to the United States.