Credit Card Acquisition

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Atlanticus Announces Acquisition of Mercury Financial LLC
Globenewswireยท 2025-09-11 21:00
Core Insights - Atlanticus Holdings Corporation has acquired Mercury Financial LLC, enhancing its credit card offerings and expanding its reach into the near-prime consumer segment [1][2][9] Group 1: Acquisition Details - The acquisition adds 1.3 million credit card accounts and $3.2 billion in credit card receivables to Atlanticus, increasing its total serviced accounts to over 5 million and total managed receivables to over $6 billion [3][9] - The cash purchase price for the transaction is approximately $162 million, with potential future earn-out payments based on portfolio credit performance [7] Group 2: Strategic Benefits - The integration of Mercury is expected to drive value creation through portfolio optimization, cost synergies, and increased originations for bank partners [4] - Growth opportunities include enhanced customer acquisition via new marketing channels and product expansion within Mercury's and Atlanticus' existing markets [4][6] Group 3: Company Background - Atlanticus focuses on providing inclusive financial services through proprietary technology and analytics, having serviced over 20 million customers and $44 billion in consumer loans over 25 years [10] - Mercury Financial, founded in 2017, aims to expand financial inclusion and has facilitated access to over $6 billion in credit [11]