Progressive Finance

Web-based lease-to-own financing programs for retailers
Invested in
2012
Status

Acquired by Aaron's in 2014

Location
Draper, Utah
Sector
Growth Products & Services
Sector
Growth Products & Services

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Progressive Finance is a provider of web-based lease-to-own financing programs for retailers.

“Summit is the epitome of a good partner. I always felt like we were on the same side of the table.”

John Robinson

Former CEO | Progressive Finance

Certain statements about Summit Partners made by John Robinson herein are intended to illustrate Summit Partners’ business relationship with Progressive Finance and Mr. Robinson, including with respect to Summit Partners’ role as a business partner, rather than reflect Summit Partners’ capabilities or expertise with respect to investment advisory services. Mr. Robinson was not compensated in connection with his participation or statements; however, since Progressive Finance is a former portfolio company of Summit, Mr. Robinson did receive general compensation in connection with his employment by the company. In addition, Mr. Robinson is an investor in a Summit fund and may have conflicts arising from his role with Progressive Finance due to the company’s relationship with Summit.

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