About PROG Holdings
PROG Holdings is a company based in Salt Lake City (United States) founded in 1999 by Curt Doman.. The company has 1,400 employees as of December 31, 2024. PROG Holdings has completed 2 acquisitions, including Four and Purchasing Power. PROG Holdings offers products and services including Progressive Leasing, Vive Financial, Four Technologies, and Build Credit Builder. PROG Holdings operates in a competitive market with competitors including Klarna, Afterpay, Zip, Sunbit and Snap Finance, among others.
- Headquarter Salt Lake City, United States
- Employees 1400 as on 31 Dec, 2024
- Founders Curt Doman
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
- Legal Name Prog Holdings, Inc.
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Annual Revenue
$2.46 B2.29as on Dec 31, 2024
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Net Profit
$197.25 M42.07as on Dec 31, 2024
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EBITDA
$1.89 B0.47as on Dec 31, 2024
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Latest Funding Round
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Investors
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Employee Count
1400
as on Dec 31, 2024
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Investments & Acquisitions
Four
& 1 more
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IPO & Listings of PROG Holdings
PROG Holdings is a publicly listed company on the NYSE with ticker symbol PRG in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of PROG Holdings
PROG Holdings offers a comprehensive portfolio of products and services, including Progressive Leasing, Vive Financial, Four Technologies, and Build Credit Builder. 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.
Provides e-commerce lease-to-own solutions for consumer merchandise.
Offers revolving credit cards for those not qualifying for traditional loans.
Enables interest-free installment payments for online purchases.
Helps consumers build credit through reported installment payments.
Funding Insights of PROG Holdings
| 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 |
Investments & Acquisitions by PROG Holdings
PROG Holdings has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Four and Purchasing Power. 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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Payment splitting is facilitated via four interest-free installments for purchases.
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2018 | ||||
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E-commerce company that allows customers to finance purchases through payroll deduction.
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2001 |
| 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 - PROG Holdings
| 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 |
Prog Holdings Comparisons
Competitors of PROG Holdings
PROG Holdings 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 Klarna, Afterpay, Zip, Sunbit and Snap Finance, 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 |
Point-of-sale financing is facilitated through an online platform for purchases.
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| domain | founded_year | HQ Location |
A buy now pay later service is offered by Afterpay.
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| domain | founded_year | HQ Location |
Payment solutions are provided for deferred purchasing by Zip.
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| domain | founded_year | HQ Location |
Point-of-sale financing is facilitated via an online platform for retailers.
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| domain | founded_year | HQ Location |
Merchandise financing is offered through partner stores.
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| domain | founded_year | HQ Location |
Point-of-sale financing is enabled for installment purchases at partnered retailers.
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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 Prog Holdings
Frequently Asked Questions about PROG Holdings
When was PROG Holdings founded?
PROG Holdings was founded in 1999.
Where is PROG Holdings located?
PROG Holdings is headquartered in Salt Lake City, United States. It is registered at Salt Lake City, Utah, United States.
Who is the current CEO of PROG Holdings?
Steven A Michaels is the current CEO of PROG Holdings.
How many employees does PROG Holdings have?
As of Dec 31, 2024, the latest employee count at PROG Holdings is 1,400.
What is the annual revenue of PROG Holdings?
Annual revenue of PROG Holdings is $2.46B as on Dec 31, 2024.
What does PROG Holdings do?
Provider of lease-to-own, revolving credit, and BNPL financial products. It offers lease-to-own solutions for various merchandise categories, providing flexible payment options. Additionally, it provides revolving credit products to consumers who may not qualify for traditional prime lending. A Buy Now, Pay Later (BNPL) solution allows retailers to offer increased payment flexibility to shoppers. Finally, it offers credit building products coupled with financial education tools.
Who are the top competitors of PROG Holdings?
What products or services does PROG Holdings offer?
PROG Holdings offers Progressive Leasing, Vive Financial, Four Technologies, and Build Credit Builder.
Is PROG Holdings publicly traded?
Yes, PROG Holdings is publicly traded on NYSE under the ticker symbol PRG.
How many acquisitions has PROG Holdings made?
PROG Holdings has made 2 acquisitions, including Four, and Purchasing Power.
What is PROG Holdings's ticker symbol?
The ticker symbol of PROG Holdings is PRG on NYSE.