Overview

Acima provides lease-to-own financing for customers who may not qualify for traditional loans, partnering with retailers to offer goods like furniture, appliances, electronics, and tires through a lease. It purchases products from retailers and leases them to consumers via a digital process accessible by app, website, or in-store. Approvals rely on income and checking history rather than credit scores, with initial payment, flexible renewal terms, and optional early purchase to reduce total cost; it targets unbanked and underbanked shoppers and emphasizes retailer partnerships. Its goal is to expand access to goods and help retailers grow sales by offering a convenient, omnichannel LTO platform.