Based in Beaverton, Oregon, Genesis Financial Solutions (“Genesis”) is a leader in originating and managing non-prime consumer credit. Genesis partners with merchants, retailers and healthcare organizations who want to serve more customers by offering affordable and flexible financing. The Company’s credit products are offered to consumers in-store or at the point-of-purchase on a private label basis. For over 10 years, Genesis has maintained a strong reputation among consumers and partners by focusing on offering simple terms, competitive rates, and exceptional customer service.
Endeavour met Genesis’ Chairman Irving Levin and CEO Bruce Weinstein over 10 years ago. Irving founded Genesis in 2001 to acquire and service existing pools of consumer receivables. Following the 2008 financial crisis, the Company recognized a demand from retailers to offer affordable financing options to consumers with less than perfect credit. While Genesis had a stable loan servicing and balance transfer business, the planned expansion into private label credit required additional capital to meet market demand. In 2012, Endeavour partnered with Irving and Bruce to provide the necessary growth capital to expand Genesis’ private label consumer credit programs. In 2019, management led the sale of Genesis to a long-time capital partner of the business who intends to continue supporting the company’s growth strategy.