Acima Raises $317M in Series A

Acima has successfully raised $317M in a Series A at a $1B valuation led by Warburg Pincus.

Company Overview

Acima is a Fintech company headquartered in Draper, UT, founded in 2013 with 2000+ employees.

Lease-to-own financing

Fundraising Details

• Amount Raised: $317M
• Round Type: Series A
• Valuation: $1B
• Date: 2024-08-10
• Investors: Warburg Pincus

About Acima

Lease-to-own financing The company is positioned in the Fintech sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: Draper, UT
• Founded: 2013
• Team Size: 2000+
• Industry: Fintech

What This Means

This funding round demonstrates strong investor confidence in Acima's vision and execution. The capital will likely be used to:

• Scale Operations: Expand the team and operational capacity
• Product Development: Enhance existing products and develop new features
• Market Expansion: Enter new markets and strengthen presence in existing ones
• Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Fintech sector continues to attract significant investment as companies innovate to meet evolving market demands. Acima's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $1B valuation marks an important milestone for Acima, positioning the company among notable players in the Fintech industry.

Looking Ahead

With this new capital, Acima is well-positioned to execute on its growth strategy and continue building innovative solutions in the Fintech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-08-10. For more information about Acima, visit their headquarters at Draper, UT.