When was Progressive Leasing founded?

Progressive Leasing was founded in 1999 and raised its 1st funding round 13 years after it was founded.

Where is Progressive Leasing located?

Progressive Leasing is headquartered in Draper, United States. It is registered at 256 West Data Drive Draper, UT 84020.

Who is the current CEO of Progressive Leasing?

Steve Michaels of Progressive Leasing.

How many employees does Progressive Leasing have?

As of Jul 31, 2026, the latest employee count at Progressive Leasing is 1354.

Is Progressive Leasing a funded company?

Progressive Leasing is a funded company, having raised a total of $***** in its 1st and only funding round, a PE round on Jun 15, 2012.

When was the latest funding round of Progressive Leasing?

Progressive Leasing's latest funding was a $***** PE round on Jun 15, 2012, with participation from 1 investor. Its primary sector is Consumer and SME Loans. In United States, the Consumer and SME Loans sector has seen $1.49B in funding in 2026 to date.

Where does Progressive Leasing rank among its competitors?

Progressive Leasing ranks 1st amongst 55 active competitors, of which 3 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Permian Labs, which secured an undisclosed amount in Jun, 2026.

Who are the top competitors of Progressive Leasing?

Progressive Leasing's top competitors include Pluto, Stackfolio and Heracles. Among them, Permian Labs secured the most recent funding round in June, 2026.

Progressive Leasing - 2026 Company Profile, Team, Funding & Competitors

Q: Is Progressive Leasing an acquired company?

Progressive Leasing got acquired by Aaron’s on Apr 15, 2014.

Company Details

Website: www.progleasing.com/en/
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Registered Address: 256 West Data Drive Draper, UT 84020

Key Metrics

Founded Year

1999

Location

Draper, United States

Stage

Acquired

Latest Funding Round

PE, Jun 15, 2012, $*****

Investors

Summit Partners & 2 more

Ranked

1^st among 55 active competitors

Employee Count

1,354 as on Jul 31, 2026

Similar Companies

Quicklend & 45 more

Exit Details

Acquired by Aaron’s (Apr 15, 2014)

View Progressive Leasing's full profile

Progressive Leasing is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
RELIANCE STANDARD LIFE INSURANCE COMPANY CIN: 360883760 , United States, Active	Dec 31, 1999	-	2708 (As on Dec 31, 2024)	-

Progressive Leasing got acquired by Aaron’s on Apr 15, 2014 at an acquisition amount of $*****.

Click here to take a look at Progressive Leasing's acquisition in detail

Progressive Leasing has raised funding over 1 round. Its latest funding round was a PE round on Jun 15, 2012 for $*****. 1 investor participated in its latest round. Progressive Leasing has 3 institutional investors.

Here is the list of recent funding rounds of Progressive Leasing:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 15, 2012	1584819	PE	7411348	2175934	6969512	9861970

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View details of Progressive Leasing's funding rounds and investors

The founders of Progressive Leasing are Curt Doman, Brent Wilson and Philip Yi. Steve Michaels is the CEO of Progressive Leasing.

Here are the details of Progressive Leasing's key team members:

Curt Doman: Co-Founder of Progressive Leasing. They are also an angel investor in 2 startups.
Brent Wilson: Co-Founder of Progressive Leasing.
Philip Yi: Co-Founder of BUILD, acquired by Prog Holdings (NYSE: PRG) of Progressive Leasing.
Steve Michaels: CEO of Progressive Leasing.
Contact Info: 1 email address

View details of Progressive Leasing's Founder profiles and Board Members

Progressive Leasing's employee count trend

Progressive Leasing has 1,354 employees as of Jul 26. Here is Progressive Leasing's employee count trend over the years:

Employee count trend for Progressive Leasing

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Top competitors of Progressive Leasing include Pluto, Stackfolio and Heracles. Here is the list of Top 10 competitors of Progressive Leasing, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Progressive Leasing 1999, Draper (United States), Acquired	Provider of online asset based loans	-	Summit Partners, New Kent Capital & 1 others	58/100
2nd	Pluto 2024, New York (United States), Seed	Provider of lending solutions	$8.6M	Sagard, Hamilton Lane & 5 others	40/100
3rd	Stackfolio 2015, Atlanta (United States), Funding Raised	Platform offering bank's asset management solutions	-	TechSquare Labs, Revolution & 3 others	36/100
4th	Heracles 2019, Burlingame (United States), Funding Raised	Asset-backed credit cards	-	SciFi, Resolute Ventures	35/100
5th	Title Max 1998, Savannah (United States), Funding Raised	TitleMax: Fast cash solutions with title loans, pawns, and personal loans	-	-	34/100
6th	Qollateral 2018, New York City (United States), Unfunded	Internet first provider of luxury collateral financing services	-	-	34/100
7th	NFTYDoor 2022, Mclean (United States), Funding Raised	Digital home equity lending platform	-	757 Accelerate	32/100
8th	Permian Labs 2021, San Francisco (United States), Seed	Provider of financing secured by GPU hardware for immediate capital access	-	EchoStar	28/100
9th	Rubicon Mortgage Fund 2007, Lafayette (United States), Unfunded	An online platform offering a pool of loans to borrowers	-	-	27/100
10th	Alpine Credits 1974, Surrey (Canada), Unfunded	Provider of home equity loans and secured personal lending options	-	-	27/100