Acima and Bob's Discount Furniture Announce Exclusive Collaboration to Provide Innovative Lease-to-Own Solution
Acima, one of the leading providers of lease-to-own (LTO) solutions and a business of Upbound Group, Inc. (
NASDAQ: UPBD), today announced it is now the exclusive lease-to-own provider for Bob's Discount Furniture stores nationwide and online at mybobs.com.
Acima Unveils Industry’s First Lease-to-Own Anywhere Virtual Payments Card
Acima, a $1.3 billion virtual lease-to-own FinTech company owned by Rent-A-Center, today unveiled the lease-to-own (LTO) industry’s first LTO payments card. The new Acima LeasePay™ card, which is powered exclusively by the Mastercard network, will unlock a new level of shopping power for cash and credit constrained customers to lease eligible goods that improve their quality of life. The LeasePay™ card will eliminate the upfront transaction risk for retailers because Acima will purchase the goods from the retailer directly for lease to the customer.
