Snap Finance Releases 2024 Community Impact Report Highlighting Continued Commitment to Social Responsibility

Company’s Initiatives Drive Positive Change Through Volunteerism, Philanthropy, and Partnerships

SALT LAKE CITY--(BUSINESS WIRE)--Snap Finance, a leading provider of innovative and convenient pay-over-time financing solutions, has unveiled its 2024 Community Impact Report, detailing another year of significant social, economic, and environmental contributions made through its corporate social responsibility program, Snap Cares. The report showcases continued growth in volunteerism, philanthropic investment, and partnerships that drive meaningful change in communities worldwide.

“At Snap, we believe in giving back to communities in the U.S. and around the world,” said Ted Saunders, Chief Executive Officer of Snap Finance. “Our 2024 Community Impact Report reflects the deep dedication of our employees and partners to making a tangible difference. I’m incredibly proud of how our philanthropic culture has continued to evolve and grow.”

In 2024, Snap attained robust community service engagement, with employees logging over 1,400 volunteer hours toward meaningful causes. Snap’s contributions included building homes for underserved families in Costa Rica, partnering with 25 nonprofit organizations globally, and contributing over $150,000 in community grants through the Snap Finance Foundation.

Since launching in 2021, Snap Cares has made a remarkable impact, contributing over $7 million in monetary and in-kind donations to enhance lives and foster positive change in underserved communities. Over the last four years, Snap employees have embodied the Snap Cares spirit of doing well by doing good by volunteering more than 6,000 hours for nonprofit organizations in areas where they live and work. Snap Cares integrates volunteerism, strategic partnerships, and community grants to deliver holistic, lasting impact. With over 70% of Snap team members actively volunteering in the last two years, the program fosters a culture of giving at every level of the organization.

Highlights of Snap’s 2024 Community Impact Report

• Promoting Community Development: Snap’s Costa Rica team partnered with CODEA throughout the year to complete five community development projects, including rolling up their sleeves to revitalize a local children’s park and common areas.
• Supporting Education: Snap’s Utah team collaborated with Granite Education Foundation to pack more than 1,000 backpacks with essential school supplies as part of their Back-to-School Backpack Build.
• Enhancing Food Security: The global Snap team led significant efforts in food security, including partnering with the Utah Food Bank to support its Mobile School Pantry program. Snap employees volunteered at local schools to package and distribute food to families in need. As a result, 87,803 households and 72 Mobile Pantry sites received food assistance, including 653 distributions.

“As we continue to expand, our commitment to amplifying our positive impact and strengthening our social responsibility only grows,” Saunders said. “Looking ahead, we aim to foster deeper connections within our communities and create lasting change through global collaborations and grassroots efforts.”

For more details on Snap’s community impact and CSR efforts, please visit Snap Finance’s website.

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About Snap Finance

Snap Finance harnesses the power of data to empower consumers of all credit types to get what they need. Launched in 2012, Snap’s technology utilizes more than a decade of data, machine learning, and nontraditional risk variables to create a proprietary platform that looks at each customer through a more holistic lens. Snap’s lease-to-own and loan solutions are changing the face and pace of consumer retail finance. For more information, visit snapfinance.com.