About Progressive Leasing
Progressive Leasing is a company based in Draper (United States) founded in 1999 by Brent Wilson and Curt Doman was acquired by Aaron’s in April 2014.. Progressive Leasing operates in a competitive market with competitors including Heracles, Dollar Loan Center, GMFS Mortgage, Title Max and PB Financial Group, among others.
- Headquarter Draper, United States
- Founders Brent Wilson, Curt Doman
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Reliance Standard Life Insurance Company
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Software Development Team
76 people
Sales and Marketing
39 people
Leadership Team
34 people
Legal and Compliance
15 people
Finance and Accounting
13 people
Senior Team
10 people
Product Management Team
10 people
Operations Team
8 people
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Funding Insights of Progressive Leasing
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2012 | Amount | Private Equity Round - Progressive Leasing | 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 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. 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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Summit Partners is recognized as a growth equity investment firm.
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Founded Year | Domain | Location | |
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Furniture, electronics, appliances, and computers are retailed by Aaron’s.
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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 Progressive Leasing
| 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 |
Financial Statements - Progressive Leasing
| 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 |
Progressive Leasing Comparisons
Competitors of Progressive Leasing
Progressive Leasing 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 Heracles, Dollar Loan Center, GMFS Mortgage, Title Max and PB Financial Group, 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 |
Asset-backed credit cards are provided to consumers for debt reduction.
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Short-term installment loans are offered as community lending alternatives.
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| domain | founded_year | HQ Location |
Offers residential mortgages, loans, and refinancing for home buyers.
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Direct lender for car and motorcycle title/pawn loans
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| domain | founded_year | HQ Location |
Asset-backed loans are provided to clients by PB Financial Group.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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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 Progressive Leasing
Frequently Asked Questions about Progressive Leasing
When was Progressive Leasing founded?
Progressive Leasing was founded in 1999 and raised its 1st funding round 13 years after it was founded.
Where is Progressive Leasing located?
Progressive Leasing is headquartered in Draper, United States. It is registered at Draper, Utah, United States.
Who is the current CEO of Progressive Leasing?
Steve Michaels is the current CEO of Progressive Leasing.
What does Progressive Leasing do?
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.
Who are the top competitors of Progressive Leasing?
Progressive Leasing's top competitors include Heracles, Dollar Loan Center and Title Max.
Who are Progressive Leasing's investors?
Progressive Leasing has 2 investors. Key investors include Aaron’s, and Summit Partners.
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