About Curo
Curo is a company based in Wichita (United States) founded in 1997 by Michael McKnight.. The company has 4,000 employees as of December 31, 2022. Curo has completed 4 acquisitions, including Ad Astra Recovery Services, First Heritage Credit and Flexiti. Curo offers products and services including Personal Loans and Lines of Credit. Curo operates in a competitive market with competitors including Moniepoint, White Oak Global Advisors, Benefit Street Partners, Golub Capital and National Funding, among others.
- Headquarter Wichita, United States
- Employees 4000 as on 31 Dec, 2022
- Founders Michael McKnight
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Curo Group Holdings Corp.
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Annual Revenue
$1.03 B25as on Dec 31, 2022
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Net Profit
$-185.48 M-413as on Dec 31, 2022
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EBITDA
$378.62 M11as on Dec 31, 2019
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Latest Funding Round
$690 M (USD), Debt – Conventional
Aug 13, 2018
- Investors
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Employee Count
4000
as on Dec 31, 2022
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Investments & Acquisitions
Ad Astra Recovery Services
& 3 more
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Products & Services of Curo
Curo offers a comprehensive portfolio of products and services, including Personal Loans and Lines of Credit. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Secured and unsecured installment loans up to $10,000 for consumers
Flexible credit lines up to $10,000 or more for financial needs
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Funding Insights of Curo
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $690.0M
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2018 | Amount | Debt – Conventional - Curo | Valuation |
investors |
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| Sep, 2008 | Amount | Series A - Curo | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Curo
Curo has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include FFL Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Lower middle market investments are targeted by FFL Partners.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Curo
Curo has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Ad Astra Recovery Services, First Heritage Credit and Flexiti. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Credit cards for point-of-sale financing are provided to consumers.
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2013 | ||||
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Payment recovery services are provided to businesses and individuals.
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2007 | ||||
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Personal loans are provided to individuals by First Heritage Credit.
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1995 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Curo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Curo Comparisons
Competitors of Curo
Curo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Moniepoint, White Oak Global Advisors, Benefit Street Partners, Golub Capital and National Funding, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Integrated financial services are provided for businesses and individuals.
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| domain | founded_year | HQ Location |
Offers customized capital and lending products to support business growth needs.
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| domain | founded_year | HQ Location |
Credit-focused alternative asset management firm
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| domain | founded_year | HQ Location |
Private debt investments are managed for U.S. middle market companies.
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| domain | founded_year | HQ Location |
Small business loans and equipment financing are provided rapidly.
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| domain | founded_year | HQ Location |
Diversified lending services are provided by this non-banking financial institution.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Curo
Frequently Asked Questions about Curo
When was Curo founded?
Curo was founded in 1997 and raised its 1st funding round 11 years after it was founded.
Where is Curo located?
Curo is headquartered in Wichita, United States. It is registered at Wichita, Kansas, United States.
Who is the current CEO of Curo?
Don Gayhardt is the current CEO of Curo.
How many employees does Curo have?
As of Dec 31, 2022, the latest employee count at Curo is 4,000.
What is the annual revenue of Curo?
Annual revenue of Curo is $1.03B as on Dec 31, 2022.
What does Curo do?
CURO was founded in 1997 in Wichita, United States, and operates in the financial services sector. Short-term loans are offered as the primary service, targeting consumers seeking quick credit solutions. Operations are managed from the headquarters, with leadership provided by co-founder and director Michael McKnight, alongside CEO and president Don Gayhardt. The companys domain, curo.com, supports online access to these services across the United States.
Who are the top competitors of Curo?
Curo's top competitors include Golub Capital, Clearinghouse CDFI and Moniepoint.
What products or services does Curo offer?
Curo offers Personal Loans and Lines of Credit.
How many acquisitions has Curo made?
Curo has made 4 acquisitions, including Ad Astra Recovery Services, First Heritage Credit, and Flexiti.
Who are Curo's investors?
Curo has 1 investor. Key investors include FFL Partners.
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