Vervent Inc., a fintech company specializing in servicing solutions, has secured a forward flow agreement led by Mesirow Alternative Credit, an independent financial services firm, which will provide up to $80 million in funding over the next 12 months to support the origination of unsecured credit cards. The strategic partnership aims to fuel the expansion of Vervent’s Revvi, Total Visa, First Access, and Total Select credit card programs. This initiative is designed to extend access to credit for underserved consumers who are seeking unsecured credit card options.

Tim Reimink, Head of Asset Management at Mesirow Alternative Credit, stated, “Mesirow is pleased to continue supporting Vervent’s efforts to deliver high-quality non-prime credit card programs. This partnership provides our investors with meaningful exposure to a compelling consumer credit opportunity.”

Joseph Noe, President of Vervent Card, commented, “We are excited for this partnership which allows us to continue meeting the growing demand for full-service credit cards among non-prime consumers. This strategic relationship reinforces our commitment to expanding access to credit while maintaining the operational discipline and risk management standards our partners expect.”

Vervent, headquartered in San Diego, describes itself as a fintech leader known for delivering expertise and technology in the servicing space. The company supports its partners with primary strategic services including Primary Loan and Lease Servicing, Backup Servicing and Capital Markets Services, eVault Solutions, Managed Services, and Credit Card Servicing.

Mesirow is an independent, employee-owned financial services firm founded in 1937 and headquartered in Chicago. The firm serves clients globally with capabilities spanning Private Capital & Currency, Capital Markets & Investment Banking, and Advisory Services.