What does Upbound Group do?

Upbound Group, Inc. is an omnichannel platform company that specializes in lease-to-own solutions for household durable goods. Founded in 1960 and headquartered in Plano, Texas, the company focuses on financial inclusion by offering technology-driven options for consumers who may not qualify for traditional financing. Upbound Group operates primarily in the United States, Puerto Rico, and Mexico, employing around 11,970 people. The company operates through four main segments: the Rent-A-Center Business, which manages lease-to-own stores and an e-commerce platform; Acima, which provides lease-to-own transactions for consumers ineligible for traditional financing; a segment tailored to the Mexican market; and franchising, which supports lease-to-own stores under various brands. Upbound Group offers a wide range of products, including furniture, consumer electronics, appliances, and more, through physical stores, kiosks, and digital platforms, aiming to serve underserved consumers.