December 1, 2020
Vervent announced the acquisition of Total Card Solutions today in the next step towards further growth of the dynamic fintech company. Total Card has been a significant player in the credit card industry for over 20 years with a stellar reputation for service, over 400 employees, and two global operations centers. Their addition to Vervent’s tech-forward, proven, compliant, and efficient approach will continue to position the company for future success.
Vervent’s acquisition of Total Card closely follows their successful investment round from Stone Point Capital and their acquisition of Portfolio Financial Servicing Company (PFSC).
“Expanding Vervent’s Lending as a Service (LaaS) value chain with the acquisition of Total Card, now Vervent Card, makes a lot of sense,” said David Johnson, CEO and Founder. “We are excited to grow our footprint in the credit card marketplace to support our clients with a one-stop shop for credit card origination, underwriting, and servicing.”
About the Company:
As one of the pre-eminent Lending as a Service (LaaS) companies, Vervent sets the global standard for outperformance by delivering superior expertise, future-built technology, and meaningful services. We support our industry-leading partners with primary strategic services including Loan & Lease Servicing, Call Center Services, Backup Servicing/Capital Markets Support, Credit Card Servicing, and Card Marketing & Customer Acquisition.
Vervent empowers companies to accelerate business, drive compliance, and maximize service. Contact us today to find out how we can help boost your performance at 888.486.2509 or Solutions@Vervent.com.
Vice President, Marketing