Asta Funding
- Company typePublic
- Founded1994
- HeadquartersEnglewood Cliffs, United States
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
Asta Funding firmographics
Firmographics- Name
- Asta Funding
- Legal name
- Asta Funding, Inc.
- Website
- https://astafunding.com
- Company type
- Public
- Founded year
- 1994
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
Where Asta Funding is headquartered
LocationHeadquarters
- HQ city
- Englewood Cliffs
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Asta Funding business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- International Consumer Receivables: Palisades Acquisitions invests in distressed consumer receivables in Latin America, acquired at substantial discounts to face value. The company invests in debt from all types of issuers including credit card and consumer loans.
- Social Security Disability Advocacy: GAR Disability Advocates helps disabled people obtain disability benefits from the Social Security Administration. The company earns contingency fees of 25% of claimants' back money.
- Veterans Disability Advocacy: Five Star Veterans Disability assists veterans in obtaining disability compensation from the U.S. Department of Veterans Affairs. The company earns contingency fees of 20% of retroactive benefits won by veterans.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Outcome Based/ Performance | Pay-as-you-go | Social Security disability advocacy services |
| Outcome Based/ Performance | Pay-as-you-go | Veterans disability advocacy services |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels2 records
Asta Funding product offering
Product offeringCore offering
Asta Funding is a diversified financial services company that acquires and manages distressed consumer receivables portfolios at deep discounts and operates contingency-fee disability advocacy services. Through Palisades Acquisitions it invests in non-performing consumer debt in Latin American markets; through GAR Disability Advocates it helps individuals obtain Social Security disability benefits; and through Five Star Veterans Disability it helps U.S. veterans secure VA disability compensation. Revenue is generated from portfolio collections and contingency fees on awarded benefits.
Product overview
Asta Funding operates as a diversified financial services company managing a portfolio of three complementary business segments: Consumer Receivables - International (via Palisades Acquisitions), Benefits Advocacy (via GAR Disability Advocates and Five Star Veterans Disability subsidiary), and Personal Injury Claims. The Consumer Receivables business invests in distressed consumer receivables in Latin America, while the Benefits Advocacy segment helps disabled individuals obtain Social Security benefits (GAR Disability Advocates) and veterans obtain VA disability compensation (Five Star Veterans Disability). A customer payment portal provides account access for consumers.
Differentiator
Problem solved
Functional benefit
Brands
- Palisades Acquisitions: Invests in distressed consumer receivables in Latin America, acquired at substantial discounts to face value and provides international collection services
- GAR Disability Advocates
- Five Star Veterans Disability
Products and services
- Consumer Receivables - International (Palisades Acquisitions) International debt collection and distressed receivables management. Palisades Acquisitions, a wholly-owned subsidiary, invests in non-performing consumer receivables across Latin American markets, acquiring debt portfolios at substantial discounts to face value from issuers including credit card companies, telecommunications firms, and consumer lenders.
- GAR Disability Advocates Social Security disability benefits advocacy service for disabled individuals. Provides full-service representation from initial application through hearings before the Social Security Administration, earning a 25% contingency fee on back payments awarded to claimants. Operates a nationwide network of experienced Social Security representatives across all 50 states and the District of Columbia.
- Five Star Veterans Disability Veterans disability advocacy service assisting U.S. veterans in obtaining disability compensation from the U.S. Department of Veterans Affairs. Employs disabled veterans as advocates who navigate the VA system, regional offices, the Board of Veterans Appeals, and the Court of Appeals for Veterans Claims. Earns a 20% contingency fee on retroactive benefits won by veterans.
Companies that use Asta Funding
Customer profileSegments3 records
Ideal customer profiles4 records
Asta Funding technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Asta Funding partnerships and signals
Strategic signalScale indicators5 records
Recent moves9 records
Expansion highlights5 records
Asta Funding competitors and assessment
Company assessmentDirect peers
- PRA Group: Specializes in the purchase, collection, and management of portfolios of nonperforming loans. Closest U.S. direct peer to Asta's distressed consumer receivables business.
- Allsup: Nationwide disability advocacy and representation firm for Social Security disability claimants. Directly competes with GAR Disability Advocates on SSA claim representation using a similar contingency-fee model.
- Regional Management Corp. Consumer finance company originating installment loans through a branch network. Comparable to Asta's earlier subprime auto lending roots and its smaller-scale consumer credit activity.
- Encore Capital Group: Public consumer debt buyer purchasing charged-off credit portfolios at discount and collecting through wholly-owned subsidiaries. Directly comparable to Asta's Palisades Acquisitions international receivables model and to Asta's historical U.S. debt-buying operations.
- World Acceptance (World Finance): Small-loan consumer finance company with branch-based installment lending to underbanked consumers in the U.S. Comparable end-customer profile and operating model to Asta's legacy consumer finance origins.
- Curo Group Holdings: Provides consumer credit products to underbanked households in the U.S., Canada, and U.K. Overlaps with Asta on the consumer receivables side serving subprime borrowers.
- Jan Dils Group: Law firm focused on VA disability compensation claims. Closest direct competitor to Five Star Veterans Disability, also operating on contingency-fee representation of veterans.
Broad incumbents
- Synchrony Financial: Major consumer finance company with private-label credit card and installment lending programs. Sells charged-off receivables to debt buyers including companies like Asta, making it both a counterparty and a broad incumbent in the value chain.
- Navient: Large student-loan servicer and consumer credit asset manager. Operates in adjacent consumer credit asset management, overlapping with Asta's receivables strategy though at much greater scale.
Emerging players
- Affirm: Emerging consumer credit platform offering installment lending at point of sale. Operates in adjacent consumer receivables origination space with a modern tech stack that contrasts Asta's traditional debt-buying model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Asta Funding social profiles
Digital presenceAsta Funding financial estimates
Financial estimateRevenue estimate
Valuation estimate
Asta Funding leadership team
Management profileNumber of profiles
Profiles7 records
Asta Funding subsidiaries and ownership
Company hierarchySubsidiaries3 records
Asta Funding funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Asta Funding M&A and investment
M&A and investmentM&A2 records
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Asta Funding
What does Asta Funding do?
Asta Funding is a diversified financial services company that acquires and manages distressed consumer receivables portfolios at deep discounts and operates contingency-fee disability advocacy services. Through Palisades Acquisitions it invests in non-performing consumer debt in Latin American markets; through GAR Disability Advocates it helps individuals obtain Social Security disability benefits; and through Five Star Veterans Disability it helps U.S. veterans secure VA disability compensation. Revenue is generated from portfolio collections and contingency fees on awarded benefits.
Is Asta Funding a public or private company?
Asta Funding is a public company. It is classified as public and is currently operating.
When was Asta Funding founded?
Asta Funding was founded in 1994. It employs 51 to 100 people.
Where is Asta Funding based?
Asta Funding is headquartered in Englewood Cliffs, United States, in the North America region.
How does Asta Funding make money?
Three revenue lines are on record. International Consumer Receivables are the primary driver. The others are social Security Disability Advocacy and veterans Disability Advocacy.
Who are Asta Funding's main competitors?
Direct peers on record are PRA Group, Allsup, Regional Management Corp., Encore Capital Group, World Acceptance (World Finance), Curo Group Holdings and Jan Dils Group. Broad incumbents are Synchrony Financial and Navient. Affirm is listed as an emerging player.
Does Asta Funding have an API?
No public API is recorded for Asta Funding.