Atlanticus completed the acquisition of Mercury Financial for $162m.

Atlanticus, a financial technology company that uses proprietary technology and analytics to help banks, retailers, and healthcare partners provide more inclusive financial services to everyday Americans, completed the acquisition of Mercury Financial, a financial services company on a mission to expand financial inclusion, helping Americans build a stronger financial future and improve their credit, for $162m. “We are pleased to add the technology and near prime expertise of Mercury to expand our reach, advance our growth efforts, and leverage the scale that the combined companies create to bring a best-in-class product offering at the lowest possible cost to an even broader consumer segment. Having purchased over $6bn in credit card receivables portfolios throughout our history, we are highly confident in our ability to create value through the optimization of the $3.2bn credit card receivables portfolio that has been managed by Mercury. We are equally excited about the incremental growth we can achieve through additional marketing channels, partners, and expanded product offerings that the Mercury platform enables," Jeff Howard, Atlanticus President and CEO.