About First Progress
First Progress is a company based in North Wales (United States) founded in 2001. First Progress has raised $9.6 million across 2 funding rounds. The company has 8 employees as of December 31, 2019. First Progress offers products and services including Secured Mastercard and Mobile App. First Progress operates in a competitive market with competitors including Mercury Cards, Buy Way, Trigg, CALCARD and Guama, among others.
- Headquarter North Wales, United States
- Employees 8 as on 31 Dec, 2019
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Sectors
Financial Services
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name First Equity Card Corporation
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$9.6 M (USD)
in 2 rounds
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Latest Funding Round
$6.71 M (USD), Series A
Jan 01, 2004
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Investors
Not available
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Employee Count
8
as on Dec 31, 2019
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Products & Services of First Progress
First Progress offers a comprehensive portfolio of products and services, including Secured Mastercard and Mobile App.
Secured card for building credit with rewards and bureau reporting.
App for checking balances and managing credit card accounts.
Funding Insights of First Progress
First Progress has successfully raised a total of $9.6M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $6.71 million completed in January 2004. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investments & Acquisitions by First Progress
Investment portfolio details for First Progress
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Financial Statements - First Progress
Detailed financials for First Progress
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First Progress Comparisons
Peer comparison for First Progress
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Competitors of First Progress
First Progress 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 Mercury Cards, Buy Way, Trigg, CALCARD and Guama, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provides credit card solutions tailored for individual consumers.
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Point-of-sale financing solutions, including credit and loans, are provided.
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| Locked | Locked | Locked |
Offers a mobile-linked digital credit card for convenient financial transactions.
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| Locked | Locked | Locked |
Delivers a versatile platform for secure credit card payment processing.
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Credit cards are provided to those without credit history.
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Detailed competitors of First Progress
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Latest news on First Progress
Complete news archive for First Progress
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Frequently Asked Questions about First Progress
First Progress was founded in 2001 and raised its 1st funding round 1 year after it was founded.
First Progress is headquartered in North Wales, United States. It is registered at North Wales, Pennsylvania, United States.
First Progress is a funded company, having raised a total of $9.6M across 2 funding rounds to date.
As of Dec 31, 2019, the latest employee count at First Progress is 8.
First Progress (a First Equity Corp entity) provides secured loans to those with poorno credit history to establishimprove their credit history. Loans are provided in the form of secured credit cards. First Progress provides MasterCard credit cards (issued by Synovus Bank, Columbus, Georgia) with a credit line based on a refundable security deposit instead of credit score. The card reports to all three major credit bureaus every month. First Progress secured cards are available to residents of all U.S. states except Arkansas, Iowa, New York, or Wisconsin. As on date, three variants of cards are on offer, with premium one having 11.99 Variable APR for Purchases, 44 Annual Fee, 18.99 Variable APR for Cash Advances and additional cash advance transaction fees.
First Progress offers Secured Mastercard and Mobile App.