Progressive Leasing

Progressive Leasing is the largest and longest-tenured virtual lease-to-own provider in the United States. Founded in 1999, the company pioneered a virtual lease-to-own purchase option that allows consumers with less-than-perfect credit to acquire products through flexible payment plans, and has served millions of customers over more than 20 years in FinTech. It operates as a subsidiary of PROG Holdings, Inc. (NYSE: PRG) and is based in the United States.

Its virtual lease-to-own solution is delivered through in-store, e-commerce and mobile app channels, reaching customers across furniture, appliances, consumer electronics, jewellery, mattresses and cell phone retail. Alongside the consumer product, the company runs an underwriting platform that draws on multiple data points beyond traditional credit scores in order to extend access to a broader range of consumers.

The technical work spans FinTech, data analytics, alternative credit underwriting and e-commerce and mobile app platforms. Company culture signals emphasise financial empowerment for consumers with less-than-perfect credit, transparency and competitive lease-to-own solutions, alongside growth from startup to industry leader over more than two decades.