Press Release

Elevate Announces Launch of Mosaic, A New Employee-Led Multicultural Network

Company Release - 2/19/2020 9:15 AM ET

FORT WORTH, Texas--(BUSINESS WIRE)-- Elevate Credit, Inc. (NYSE: ELVT), a leading tech-enabled provider of innovative and responsible online credit solutions for non-prime consumers, proudly announced today the company's next step in strengthening its commitment to diversity and inclusion by introducing Mosaic, an employee-led multicultural network. The new initiative, led by Director of Bank Products Dion Harrison, will help connect the Elevate community by promoting and celebrating the importance of diversity in the workplace.

Chosen for his passion for diversity and inclusion, Dion Harrison will lead the Mosaic network in its first year. Harrison is involved with Junior Achievement and homelessness programs in the local Dallas/Fort Worth communities and is poised to help Elevate enhance its internal diversity practices and increase community outreach.

"Dion is the perfect person to lead Mosaic in its inaugural year. He is not only a leader at Elevate, where he is at the helm of our bank relationship and product management teams, but he also commits his time to helping others in our community," said Jason Harvison, CEO of Elevate. "Dion is a dedicated advocate for these issues, and I am excited to see how Mosaic will help strengthen our diversity and inclusion efforts and bring our community closer together."

The network will focus on four key areas: promoting a diverse and inclusive workforce, celebrating cultural heritage, increasing shared perspectives, and promoting involvement in the local community.

"I am honored to lead Mosaic and help Elevate leverage and celebrate our differences," said Harrison. "We know that we are better able to serve our customers when we have a strong employee community, and I am dedicated to ensuring these efforts remain a top priority across our teams."

Elevate was nominated by the Council for Inclusion in Financial Services' (CIFS) 2019 Diversity & Inclusion Award, recognizing individuals and organizations who take action to promote diversity and inclusion through education, technology, advocacy, industry outreach, and philanthropy. Elevate is thrilled to be building on this progress with the launch of Mosaic.

So far in 2020, Mosaic has spearheaded Elevate's celebrations of the Lunar New Year and Black History Month. The network looks forward to continuing these and other efforts to honor the backgrounds of all employees.

About Elevate

Elevate (NYSE: ELVT), together with its bank partners, has originated $8.1 billion in non-prime credit to more than 2.4 million non-prime consumers to date and has saved its customers more than $6.5 billion versus the cost of payday loans. Its responsible, tech-enabled online credit solutions provide immediate relief to customers today and help them build a brighter financial future. The company is committed to rewarding borrowers’ good financial behavior with features like interest rates that can go down over time, free financial training and free credit monitoring. Elevate’s suite of groundbreaking credit products includes RISE, Elastic, Sunny and Today Card. For more information, please visit http://www.elevate.com.

Investor Relations:
Solebury Trout
Sloan Bohlen, 817-928-1646
investors@elevate.com

or

Media Inquiries:
Solebury Trout
James McCusker, 203-585-4750
jmccusker@soleburytrout.com

Source: Elevate Credit, Inc.