CURO
- CURO Group Holdings Corp.
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Overview
Company Summary
CURO Group Holdings Corp., commonly known as CURO, is a financial technology company that operates in the consumer finance industry. It provides access to credit and financial solutions to underbanked and underserved consumers who may have limited options for traditional banking services.
CURO primarily offers its services through three key brands: Speedy Cash, Rapid Cash, and Avio Credit. These brands operate both online and through retail locations in multiple states across the United States, Canada, and the United Kingdom.
The company's main focus is on short-term loans, also known as payday loans or cash advances, which are designed to meet immediate financial needs between paychecks. These loans are generally for small amounts and are expected to be repaid in a short period, often within a few weeks or months.
In addition to payday loans, CURO also provides other financial products and services such as installment loans, line of credit, and other non-bank services. These offerings help customers cover unexpected expenses, manage cash flow issues, and bridge financial gaps.
CURO leverages technology and data analytics to streamline its loan application and approval processes, aiming to provide fast and convenient access to credit for its customers. The company prioritizes responsible lending practices, ensuring compliance with applicable regulations and considering the borrower's ability to repay the loan.
CURO's mission is to serve the financial needs of individuals who may not have access to traditional banking services and to provide them with convenient, transparent, and reliable financial solutions.