Revvi
“Can a subprime Visa credit card program — operated by a fintech servicer and issued by a community bank — build a scalable consumer credit product for underserved borrowers?”
HQUnited States
IndustryFintech / Consumer banking
The story
Revvi is a subprime consumer credit card product operated by Vervent (doing business as Revvi), with the credit card issued by MRV Banks pursuant to a Visa license. The product targets consumers with limited or damaged credit, offering a rewards-bearing Visa credit card. The program is structured as a bank-program partnership where MRV Banks is the issuing bank and Vervent/Revvi handles servicing and digital operations.
Last 12 months
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Product timeline
2024
Revvi Digital Privacy Policy updated as of May 31, 2024, with Vervent d/b/a Revvi operating the Revvi credit card program serviced under MRV Banks.· card
The stack
4 layers disclosed in Revvi’s embedded-finance stack
Banking / BaaS
MRV Banks
Card issuing
in the full report
Lending
in the full report
Sponsor bank
in the full report
Accounting gap: none
3 more providers across 3 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.