@astafunding.com
Asta Funding, Inc.
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About
Description
Asta Funding is a diverse financial services brand that offers assistance to consumers and serves investors through the strategic management of its four complementary businesses. Established in 1994 as a subprime auto lender, Asta Funding went public in 1995 and successfully completed two significant securitizations. They then transitioned into purchasing a $1.
3 billion charged-off asset portfolio from a major bank, supported by Greenwich Capital. With expertise in the consumer receivables market, Asta Funding has consistently evaluated portfolios by understanding the underlying cycles of consumer behavior. In 2010, the brand made the strategic decision to exit the distressed consumer receivables market in the U.
S. Today, their U. S.
-based business lines focus on promoting claims on funds that protect individuals' daily living standards, including the injured, settlement recipients, the disabled, and veterans. With a strong financial performance and a robust balance sheet, Asta Funding is well-positioned for expansion and exploring new opportunities through acquisitions and strategic partnerships
Company Type
Public Company
Company Size
51-200
Year Founded
1994
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