Elevate CEO Ken Rees said: "We are very pleased that Sunny is one of the first short term credit providers to receive full authorization from the FCA to conduct its operations. We believe this recognizes our ongoing commitment to be transparent and fair to our customers, by offering them a short-term loan that gives them the financial flexibility they need.
"We look forward to continuing our focus on innovation, which provides our UK customers with access to simple, flexible and responsible credit products to help put them on a path toward a brighter financial future."
Elevate UK has been operating and providing its Sunny credit products under interim permission since the FCA commenced its regulation of the UK consumer credit sector in April 2014.
All UK consumer credit lenders were required to apply to receive full authorization from the FCA to ensure that their culture, systems, controls and operations were in compliance with the FCA’s standards.
