FirstCash
FirstCash is an international operator of pawn stores, with over 2,800 locations and approximately 16,000 employees across the United States and Latin America. The company focuses on serving consumers who require cash or credit solutions through its retail pawn operations. Its primary business involves providing small loans secured by personal property, allowing borrowers to repay the loans with interest or forfeit the collateral without further penalty. FirstCash generates the majority of its revenue from its U.S. pawn segment, with nearly 30% coming from interest on loans and around 70% from reselling forfeited items, which include a diverse range of merchandise such as jewelry, electronics, tools, appliances, and musical instruments. Additionally, the company operates a segment offering retail point-of-sale payment solutions.
American First Finance
Acquisition in 2021
American First Finance is a prominent consumer financial technology company that offers alternatives to traditional retail lending services. The company has developed a consumer financial platform designed to provide innovative lending solutions for both businesses and individuals. Its point-of-sale payments platform utilizes a proprietary underwriting system, allowing consumers to receive tailored offers based on their creditworthiness within minutes. This includes features such as consumer credit options, retail installment plans, lease purchase agreements, and eCommerce solutions, effectively supporting a variety of financial needs for consumers.
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