Rent-A-Center Inc. has acquired Acima Holdings. Combining Acima’s capabilities with Rent-A-Center’s Preferred Dynamix platform, the companies expect to provide retailers and consumers an expanding set of fintech services for lease-to-own transactions. The combined business will be led by Preferred Dynamix executive vice president Jason Hogg.
“Acima’s technology and stellar team will help accelerate our innovation roadmap enabling us to support current and emerging LTO omnichannel needs of a diversified and growing portfolio of e-commerce and retail partners,” said Mitch Fadel, chief executive officer, Rent-A-Center. “We’ve set out to create the most seamless LTO experience for retailers and consumers alike and are delivering on that goal with the right assets now in place.”