Vervent to Shutter Activate Financial to Sharpen Focus on Accelerated Growth
To streamline and grow our core business, Vervent will cease operations of our third-party collection agency Activate Financial effective November 30, 2021. This is a strategic business decision to focus our talent and resources on other high-growth areas of our business and move away from the ever-changing regulatory environment for collections activities and the increased regulation and decreased flexibility that goes along with these new laws.
One of our core values at Vervent is to intentionally and thoughtfully drive industry standards. We are proud of the growth that Activate Financial helped us achieve and of the Activate Financial team, all of whom are continuing on with Vervent. We know that this decision will allow us to deliver more effective solutions for our industry-leading partners. To learn more about Vervent and our solutions, please visit WWW.VERVENT.COM.