ACE Cash Express Company Description
ACE Cash Express really has a bankless job. The company owns a chain of financial services outlets that target the underbanked and bankless populations. For a fee, customers can cash checks, obtain short-term unsecured loans ("payday loans"), purchase money orders, pay bills, and set up pre-paid debit cards. There are more than 1,800 ACE Cash Express and ACE Cash Advance stores throughout the US, about 10% of which are franchised locations. ACE stores are typically found in strip malls, in free-standing buildings on busy streets, and in kiosks within retail stores. Private equity firm JLL Partners took ACE private in 2006 in a deal worth some $455 million.
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The Company Description provides a historical perspective of ACE Cash Express's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of ACE Cash Express's evolution in the marketplace.
