First Equity Card Overview

  • Year Founded
  • 2001

Year Founded

  • Status
  • Acquired/​Merged

  • Latest Deal Type
  • Buyout/​LBO

  • Financing Rounds
  • 5

First Equity Card General Information

Description

Provider of commercial card services focused on building and rebuilding credit. The company offers a wide range of card programs and credit lines based on a refundable security deposit instead of a credit score, helping consumers establish credit records with the major consumer credit bureaus.

Contact Information

Website
www.firstprogress.com
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Private Equity-Backed
Corporate Office
  • P.O. Box 9053
  • Johnson City, TN 37615-9053
  • United States
Primary Industry
Other Financial Services
Parent Company
Vervent
Corporate Office
  • P.O. Box 9053
  • Johnson City, TN 37615-9053
  • United States

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First Equity Card Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA		 Post-Val Status Debt

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First Equity Card Former Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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First Equity Card FAQs

  • When was First Equity Card founded?

    First Equity Card was founded in 2001.

  • Where is First Equity Card headquartered?

    First Equity Card is headquartered in Johnson City, TN.

  • What industry is First Equity Card in?

    First Equity Card’s primary industry is Other Financial Services.

  • Is First Equity Card a private or public company?

    First Equity Card is a Private company.

  • What is First Equity Card’s current revenue?

    The current revenue for First Equity Card is .

  • How much funding has First Equity Card raised over time?

    First Equity Card has raised $62.7M.

  • Who are First Equity Card’s investors?

    Citigroup Global Markets, GCP Capital Partners, LLR Partners, Navigation Capital Partners, and Outcome Capital are 5 of 8 investors who have invested in First Equity Card.

  • When was First Equity Card acquired?

    First Equity Card was acquired on 04-Apr-2022.

  • Who acquired First Equity Card?

    First Equity Card was acquired by Vervent.

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