Concora Credit
- Company typePrivate
- Founded2004
- HeadquartersBeaverton, United States
- Headcount501–1,000
- GTM typeB2B and B2C
- OfferingServices
What Concora Credit does
Concora Credit Inc. (formerly Genesis Financial Solutions) is a privately held US-based specialty credit card servicer headquartered in Beaverton, Oregon, operating in the non-prime consumer credit market. The company develops and services credit card programs serving approximately 6 million active customers who have less-than-perfect credit, including the consumer card brands Destiny Mastercard, Indigo Mastercard, Milestone Mastercard, and Earniva Business Mastercard. The company also operates B2B merchant solutions including private label credit cards, co-branded Mastercard programs, and affiliate/referral arrangements for retail partners. Issuing bank partners include The Bank of Missouri and Celtic Bank, with Mastercard serving as the network for co-branded products.
Concora Credit's core technology platform centers on proprietary underwriting algorithms that incorporate alternative data and behavioral signals beyond traditional FICO scores to evaluate non-prime creditworthiness in real time. The platform supports waterfall integration with primary lender POS systems, enabling second-look financing where applicants declined by primary lenders are routed to Concora Credit programs. Cardholder servicing is delivered through a digital-first mobile application (branded Genesis FS in app stores) supporting Apple Pay and Google Pay, online account management, and a call center operation with Spanish-speaking agents achieving a 91% customer satisfaction score.
The business model combines (1) transaction fee and interchange revenue from credit card usage across private label and co-branded programs, (2) managed services revenue from non-recourse merchant financing partnerships, and (3) affiliate/referral fees from FinTech partners. Merchant partnerships span home improvement (Home Depot), jewelry (Kay Jewelers), home furnishings (Raymour and Flanigan), automotive aftermarket (CarParts.com, with that program approaching $45M in annualized revenue run rate), fashion (Full Beauty Brands), and newer verticals including technology (HP), moving/storage (PODS), and additional furniture retail (American Furniture Warehouse). The company is regulated under NMLS #1549514 and holds California Collection Agency License #10739-99.
Concora Credit firmographics
Firmographics- Name
- Concora Credit
- Legal name
- Concora Credit Inc.
- Website
- https://about.concoracredit.com
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Ownership category
- akta.pro rank
Concora Credit industry classification
Industry- Product category
- Non-Prime Consumer Credit Services
- NAICS
- Credit Card Issuing (52221), Credit Card Issuing (522210)
- SIC
- Personal Credit Institutions (6141)
- akta.pro primary industry
- General Purpose Credit Cards (FSAKABAA)
- akta.pro secondary industries
- Co-Branded Credit Cards (FSAKABAB), Business / Corporate Credit Cards (FSAKABAF)
Keywords
Where Concora Credit is headquartered
LocationHeadquarters
- HQ city
- Beaverton
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Concora Credit business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Credit Card Transaction Fees: Concora Credit earns revenue through transaction fees and interchange income from credit card usage across its private label and co-branded card programs. The company services credit cards for issuing banks and shares in the economics of card usage.
- Merchant Partnership Programs: Revenue generated through merchant partnerships where retailers offer Concora Credit's financing solutions. The company provides non-recourse financing programs to merchants, earning fees for credit program management and transaction processing.
- Affiliate and Referral Fees: The Affiliate Program rewards merchants for every new credit account that results in a purchase, creating a new revenue stream for participating businesses.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | B2B Merchant Financing Programs |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels5 records
Concora Credit product offering
Product offeringCore offering
Concora Credit operates as a non-prime consumer credit services provider, offering a portfolio of consumer Mastercard credit cards (Destiny, Indigo, Milestone, Earniva) alongside merchant solutions including private label credit cards, co-branded credit cards, and an affiliate program. The company services approximately 6 million active customers, issues cards through partner banks (The Bank of Missouri, Celtic Bank), and provides second-look financing for merchants whose customers are declined by primary lenders.
Product overview
Concora Credit is a non-prime consumer credit services provider operating as a second-look lender with a portfolio of consumer credit card products (Destiny Mastercard, Indigo Mastercard, Milestone Mastercard, Earniva Business Mastercard) and merchant solutions (Private Label Credit Cards, Co-Branded Credit Cards, Affiliate Program). The company services credit cards for banks, partners, and private label programs, serving approximately 6 million active customers. Core offerings include consumer-facing Mastercard products designed for credit builders with limited or challenged credit, and business-to-business merchant financing solutions including private label cards, co-brand bankcards, and affiliate programs that help merchants extend credit to non-prime consumers.
Differentiator
Problem solved
Functional benefit
Brands
- Destiny Mastercard: A credit card designed to help consumers with challenging credit history move forward, offering purchasing power without requiring a security deposit.
- Indigo Mastercard
- Milestone Mastercard
- Earniva Business Mastercard
- CarParts.com Mastercard
- Diamond Rewards Mastercard
Products and services
- Destiny Mastercard A Mastercard designed for consumers with challenging credit history, offering a $700 credit limit guarantee if approved with no security deposit required, reporting to all three major credit bureaus.
- Indigo Mastercard A Mastercard for consumers with less than perfect credit seeking a fresh start, issued by Celtic Bank, designed to help build credit history.
- Milestone Mastercard A Mastercard for consumers working to achieve their goals despite challenging credit history, offering pre-qualification option.
- Earniva Business Mastercard A business Mastercard for sole proprietors, gig workers, contractors, and others with less than perfect credit.
- Diamond Rewards Mastercard A co-branded rewards Mastercard for Full Beauty Brands customers earning 1% cashback on dining, fuel, phone bills and groceries.
- CarParts.com Mastercard A co-branded Mastercard with CarParts.com offering 3% cashback on CarParts.com purchases and 1% on all other purchases, serviced by Concora Credit.
- Private Label Credit Cards Exclusive credit cards usable only at partner merchant locations, offering generous credit limits, promotional periods, and flexible payment plans to encourage customer purchases.
- Co-Branded Credit Cards Bankcards allowing customers to use cards anywhere while earning rewards with the merchant brand, with integrated reward programs and marketing solutions.
- Affiliate Program Integration-free instant credit solution allowing merchants to promote credit cards and earn rebates for accounts opened, with no tech integration required.
- Second-Look Financing A financing product that extends credit to consumers who may not qualify for traditional financing due to lower credit scores, offered after primary lender denial or less favorable terms.
- Concora Credit Mobile App (Genesis FS) Mobile application enabling cardholders to track payments, view statements, access credit instantly, manage accounts, set up paperless billing, and use autopay.
Quantifiable outcome
- 30% of cardholders improve FICO scores in 6-7 months
- +3 more outcomes
Companies that use Concora Credit
Customer profileNamed customers9 records
Segments4 records
Ideal customer profiles4 records
Concora Credit technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
AI capability6 records
Feature5 records
Concora Credit partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and minor.
- Home DepotcoreMajor home improvement retailer partner offering private label credit card program through Concora Credit for customers financing home improvement purchases.
- Kay JewelerscoreMajor jewelry retailer partner offering private label credit card program for jewelry purchases through Concora Credit's financing solutions.
- Raymour and FlanigancoreMajor home furnishings retailer partner offering private label credit card program for furniture purchases through Concora Credit.
- CarParts.comcoreAuto parts retailer with co-branded Mastercard program offering 3% cashback on CarParts.com purchases and 1% on all other purchases. Program approaching $45 million annualized revenue run rate. Serviced by Concora Credit.
- Full Beauty BrandscoreCo-branded Diamond Rewards Mastercard program allowing customers to earn 1% cashback on dining, fuel, phone bills and groceries at Full Beauty Brands.
- MastercardcoreStrategic partnership enabling Concora Credit to issue co-branded Mastercard products that can be used anywhere Mastercard is accepted globally.
- HPminorNew partner offering technology products with co-branded credit solutions.
- PODSminorNew partner in the moving and storage industry offering co-branded credit solutions to customers.
- American Furniture WarehouseminorNew furniture retailer partner offering co-branded credit solutions for furniture purchases.
- ReflowminorNew partner in the retail space offering co-branded credit solutions.
Scale indicators10 records
Recent moves5 records
Expansion highlights6 records
Concora Credit competitors and assessment
Company assessmentDirect peers
- Continental Finance Company: Continental Finance is one of the largest US issuers of credit cards for non-prime and credit-builder consumers, with brands including Total Visa and Surge. It directly competes with Concora's Destiny, Indigo, and Milestone products on customer profile, underwriting approach, and distribution channels.
- Comenity Capital Bank: Comenity operates co-branded and private-label credit card programs for hundreds of retail partners, directly overlapping with Concora's merchant solutions GTM. It issues store and bank cards for apparel, jewelry, and home furnishings — many of the same verticals Concora serves.
- Credit One Bank: Credit One Bank is a major US issuer focused on non-prime and credit-rebuilding consumers, with a Visa-branded portfolio of cashback cards. It is a direct peer on consumer non-prime credit card acquisition, underwriting, and rewards positioning.
Broad incumbents
- Synchrony Financial: Synchrony is the largest US private-label and co-branded credit card issuer, serving partners across virtually every retail vertical Concora targets. As a broad incumbent, it offers overlapping capabilities but operates at vastly greater scale and across the full credit spectrum.
- Bread Financial: Bread Financial (formerly Alliance Data) is a major private-label credit card services provider for large US retailers and brands. It competes for the same enterprise merchant relationships that Concora targets with its private-label and co-branded programs, but serves a broader credit-quality range.
- Capital One: Capital One is a top-five US credit card issuer with a long-standing subprime / secured card franchise (e.g., Capital One Platinum, QuicksilverOne). It competes for the same non-prime consumer at much greater scale and brand recognition.
- Discover Financial Services: Discover issues the Discover it Secured and student cards targeted at credit-builders and non-prime customers, overlapping with Concora's consumer card segment. As a broad incumbent, it competes on rewards and brand trust rather than on the merchant-funded program model.
Emerging players
- Deserve: Deserve is a fintech issuing credit cards for international students, young professionals, and other underbanked segments with limited US credit history. It overlaps with Concora's credit-builder thesis and alternative-data underwriting approach, but at smaller scale.
- TomoCredit: TomoCredit issues credit cards to consumers with limited or no US credit history using alternative cash-flow underwriting, a closely adjacent thesis to Concora's alternative-data approach to non-prime. It is an emerging niche player rather than a direct channel competitor.
- Affirm: Affirm is a leading buy-now-pay-later provider that increasingly competes with second-look financing and private-label credit at the point of sale. While structurally different (installment vs. revolving), it pressures the same merchant budget and customer acquisition channels Concora targets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Concora Credit social profiles
Digital presenceConcora Credit compliance and trust
Trust signalCompliance4 records
Concora Credit financial estimates
Financial estimateRevenue estimate
Valuation estimate
Concora Credit leadership team
Management profileNumber of profiles
Profiles6 records
Concora Credit funding detail
Funding detailFunding overview
Funding rounds2 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Concora Credit M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Concora Credit
What does Concora Credit do?
Concora Credit operates as a non-prime consumer credit services provider, offering a portfolio of consumer Mastercard credit cards (Destiny, Indigo, Milestone, Earniva) alongside merchant solutions including private label credit cards, co-branded credit cards, and an affiliate program. The company services approximately 6 million active customers, issues cards through partner banks (The Bank of Missouri, Celtic Bank), and provides second-look financing for merchants whose customers are declined by primary lenders.
Is Concora Credit a public or private company?
Concora Credit is a private company. It is classified as venture growth investor backed and is currently operating.
When was Concora Credit founded?
Concora Credit was founded in 2004. It employs 501 to 1,000 people.
Where is Concora Credit based?
Concora Credit is headquartered in Beaverton, United States, in the North America region.
How does Concora Credit make money?
Three revenue lines are on record. Credit Card Transaction Fees are the primary driver. The others are merchant Partnership Programs and affiliate and Referral Fees.
Who are Concora Credit's main competitors?
Direct peers on record are Continental Finance Company, Comenity Capital Bank and Credit One Bank. Broad incumbents are Synchrony Financial, Bread Financial, Capital One and Discover Financial Services. Emerging players are Deserve, TomoCredit and Affirm.
Does Concora Credit have an API?
No public API is recorded for Concora Credit.
What industry is Concora Credit in?
Concora Credit's product category is Non-Prime Consumer Credit Services. Its primary akta.pro industry code is FSAKABAA, General Purpose Credit Cards, with a secondary code of FSAKABAB, Co-Branded Credit Cards. Its NAICS code is 52221 and its SIC code is 6141.