About Progressive Leasing
Progressive Leasing is a Financial Services company based in Draper (United States) founded in 1999 by Brent Wilson and Curt Doman, and was acquired by Aaron’s in April 2014. It operates as an online asset-based loans are provided to customers. Its chief executive is Steve Michaels. Its website progleasing.com draws about 1.2 million monthly visits. Its focus areas include Consumer and SME Loans, Consumer Loans, Asset-Backed Loans and Internet-First. Its legal entity is RELIANCE STANDARD LIFE INSURANCE COMPANY. Its competitors include Heracles, Dollar Loan Center, GMFS Mortgage, Title Max and PB Financial Group and 3 more; 2 of its 8 listed competitors have raised funding.
Company details
Progressive Leasing was founded in 1999 in Draper, United States, as a provider of online asset-based loans. Operations focus on lease-purchase agreements for consumer goods, enabling access to items like electronics and furniture without traditional credit checks. Services are delivered digitally, serving retail partners across the U.S. The company is led by CEO Steve Michaels, with co-founders Brent Wilson and Curt Doman contributing to its growth in the fintech sector.
- Headquarters Draper, United States
- Founders Brent Wilson, Curt Doman
- Stage Acquired
- SectorsFinancial Services
- Website category Finance
- Website progleasing.com
- Social LinkedIn X Facebook
- Acquired by Aaron’s (Apr 2014)
- Legal Name Reliance Standard Life Insurance Company
Apps and channels of Progressive Leasing
Progressive Leasing publishes 1 mobile app with over 1M+ downloads.
Funding Insights of Progressive Leasing
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Progressive Leasing with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2012 | – | Private Equity Round | – | – |
2 investors in total: 2 institutional.
Investors in Progressive Leasing
Progressive Leasing has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Aaron’s and Summit Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Summit Partners is recognized as a growth equity investment firm. | – | summitpartners.com | Boston, United States | |
Furniture, electronics, appliances, and computers are retailed by Aaron’s. | 1955 | aarons.com | Atlanta, United States |
Investor details for Progressive Leasing
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People of Progressive Leasing
264 people are tracked at Progressive Leasing (77 in leadership, 9 in board & advisors, 178 in team).
| Name | Role | Group |
|---|---|---|
Brent Wilson | Co-Founder | Leadership |
Curt Doman | Co-Founder | Leadership |
Steve Michaels | CEO | Leadership |
Todd King | Chief Legal Counsel | Leadership |
Jonathan Smith | Director Of Tax | Leadership |
Brian Garner | CFO | Leadership |
Kunal Arya | Director Of Software Engineering | Leadership |
Sridhar Nallani | Chief Technology Officer | Leadership |
Steven A. Michaels | President & CEO | Leadership |
Kevin Nichols | Vice President, Strategic Planning & Partnerships | Leadership |
Trevor Thatcher | Chief Operations Officer | Leadership |
Ryan Ray | President, PROG Lending | Leadership |
Ashfaque Manzer | Director Software Engineering | Leadership |
Debra Fiori | Chief People Officer | Leadership |
Eric Azarela | Director Of Software Engineering | Leadership |
Rakshith A. | Director Of Software Engineering | Leadership |
Stephanie Swanson | Director Of Sales | Leadership |
Jennifer Cairone Crane | Director Of Business Development, Enterprise & Ecommerce | Leadership |
Anastasia Shirinina | Partner Marketing | Leadership |
Jay Berendzen | Director, Retail Partner Marketing | Leadership |
244 more people are available in the full profile.
Complete people profiles for Progressive Leasing
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Team structure
- Board tenure
- Professional contacts
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Timeline of Progressive Leasing
3 dated milestones of Progressive Leasing across 15 years, from founding to its latest funding, stage changes and deals.
- Founded Progressive Leasing is founded.
- Funding First funding round.
- Exit Acquired by Aaron’s.
Competitors of Progressive Leasing
Progressive Leasing has 8 listed competitors in our database, 2 of them funded. They include Heracles, Dollar Loan Center, GMFS Mortgage, Title Max and PB Financial Group, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| heraclescorp.com | 2019 | Burlingame, United States | – | – | Asset-backed credit cards are provided to consumers for debt reduction. | |
| dontbebroke.com | 1998 | Las Vegas, United States | – | 153 | Short-term installment loans are offered as community lending alternatives. | |
| gmfsmortgage.com | 1999 | Baton Rouge, United States | – | 304 | Offers residential mortgages, loans, and refinancing for home buyers. | |
| titlemax.com | 1998 | Savannah, United States | – | – | Direct lender for car and motorcycle title/pawn loans | |
| pbfinancialgrp.com | 2006 | California, United States | $130,000 | – | Asset-backed loans are provided to clients by PB Financial Group. | |
| luxloanz.com | 2015 | Miami, United States | – | – | Offers loans secured by luxury assets to individual clients. | |
| gobuckup.com | 2020 | Birmingham, United States | – | – | Provider of instant cash loans secured by consumer electronics | |
| tenminutetitleloans.com | 2014 | Santa Monica, United States | $1.62M | – | Operates as a direct lender specializing in auto title loans for individuals. |
Detailed competitors of Progressive Leasing
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Web traffic of Progressive Leasing
The website of Progressive Leasing (progleasing.com) receives about 1.2M visits a month and ranks #31,741 among all websites worldwide, #2,026 in Finance.
- Monthly visits1.2M
▼ 17.7% vs previous month
- Unique visitors682.2K
per month
- Global rank#31,741
among all websites
- Category rank#2,026
Finance · Finance
- Bounce rate47%
- Pages per visit4.9
- Average visit2 min 37 sec
- DevicesDesktop 21% · Mobile 79%
Websites whose visitors overlap most with Progressive Leasing. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
progressivelp.com | progressivelp.com | 100% | – | #148,250 | – |
approve.me | approve.me | 75% | – | #210,242 | – |
| affirm.com | 74% | 23.7M | #1,694 | View details | |
| easypayfinance.com | 69% | 201.5K | #187,527 | View details | |
| americanfirstfinance.com | 60% | 1M | #46,857 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Progressive Leasing
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- 40 similar websites
- Audience overlap
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Top companies in Consumer and SME Loans
10 companies that operate in the same segment as Progressive Leasing (Consumer and SME Loans), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 860 | |
Synchrony is engaged in providing credit cards and banking services. | 1993 | Salem, United States | USD 25 M | USD 19.12 B | 20,000 | |
Consumer and SME loans are provided by Manappuram Finance. | 1992 | Valapad, Kerala, India | USD 39.98 M | USD 1.01 B | 51,650 | |
Full-stack marketplace services for car ownership are provided. | 2015 | Singapore, Singapore, Singapore | USD 685.9 M | USD 806.83 M | 1,381 | |
Affordable home loans are extended to low and middle-income groups. | 2010 | Mumbai, Maharashtra, India | USD 209.7 M | USD 203.79 M | 1,630 | |
Diversified lending services are provided as a non-banking financial institution. | 1994 | Mumbai, Maharashtra, India | – | USD 1.9 B | 36,520 | |
Financial solutions including loans and insurance are offered. | 2007 | Pune, Maharashtra, India | – | USD 15.24 B | 126 | |
Household and business loans are provided with risk management support. | 2006 | Chennai, Tamil Nadu, India | USD 283.47 M | USD 288.73 M | 1,100 | |
Online gold, home, personal, and business loans are provided. | 1995 | Mumbai, Maharashtra, India | – | USD 1.38 B | 38,720 | |
An online lending platform for point-of-sale financing is provided. | 2013 | Bengaluru, Karnataka, India | USD 205.92 M | USD 3.93 M | 499 |
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Related news about Progressive Leasing
Complete news archive for Progressive Leasing
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Frequently Asked Questions about Progressive Leasing
Progressive Leasing was founded in 1999 and raised its 1st funding round 13 years after it was founded.
Progressive Leasing is headquartered in Draper, United States. It is registered at Draper, Utah, United States.
Steve Michaels is the current CEO of Progressive Leasing.
Progressive Leasing was founded in 1999 in Draper, United States, as a provider of online asset-based loans. Operations focus on lease-purchase agreements for consumer goods, enabling access to items like electronics and furniture without traditional credit checks. Services are delivered digitally, serving retail partners across the U.S. The company is led by CEO Steve Michaels, with co-founders Brent Wilson and Curt Doman contributing to its growth in the fintech sector.
Progressive Leasing's top competitors include Heracles, Dollar Loan Center and Title Max.
Progressive Leasing has 2 investors. Key investors include Aaron’s, and Summit Partners.
Progressive Leasing operates through Reliance Standard Life Insurance Company.
Yes. Progressive Leasing was acquired by Aaron’s in April 2014.
Yes. Progressive Leasing publishes Progressive Leasing Mobile, with over 1 million downloads.
The website of Progressive Leasing receives about 1.2 million visits a month and ranks #31,741 among all websites worldwide.