Essential Financial Services (EFS), and it’s inaugural consumer service, the Charge It + Card, is an entirely unique innovation in delivering instant point-of-purchase credit to more than 45 million underserved US consumers. By leveraging the installed retail payments infrastructure and sophisticated analytics, the Charge It + card can be installed today at more than 100,000 US retail grocery and convenience locations.
The Charge It + card is proven to create high retailer loyalty and repeat sales, and generates a recurring revenue stream business model with numerous vectors of downstream opportunity. Consumer direct marketing, graduation credit products and other financial services of relevance to this growing population segment represent just three points of near-term leverage to the company’s market position.
Following two years of systems development, EFS launched commercial operations in 2010 and today operates a robust and financially viable platform. With a strong balance sheet and sufficient operating capital on hand to achieve cash flow break even within the next fiscal year, EFS is focused on aggressively expanding retail distribution and profitable card holder acceptance. Current financial performance supports a strong EBITDA forecast and operational leverage over time.
The company is led by a team of strong and experienced executives with deep domain expertise in payments, credit management and retail distribution.
Specialties
financial services
