Tranche Update on Elevate Credit, Inc.'s Equity Buyback Plan announced on July 29, 2019.

Elevate Credit, Inc. provides online credit solutions to non-prime consumers. The Company uses advanced technology and risk analytics to provide financial options to its customers. Its Blueprint platform offers unsecured online installment loans, lines of credit and credit cards in the United States (US). It is engaged two business activities: as a state-licensed lender and as a service provider to Federal Deposit Insurance Corporation (FDIC)-regulated banks. Its offers three product: Rise, Elastic, and Today Card. Its products provide access to credit and services, along with credit building and financial wellness features. Rise is an installment loan brand that operates as a state-licensed lender in approximately 12 states. Elastic is a line of credit brand that is designed to be a financial safety net and helps cover unexpected expenses through a fully online draw feature. Today Card features include higher line sizes up to $3,500, family flexibility, and credit score monitoring.