Why this subprime loan provider funds loans through the Cayman Islands Elevate Credit calls its clients in america plus the British the “New Middle Class”, offering them loans into the latter at A apr that is representative of %. It’s gearing up to float in nyc this week and, if effective, the Texas-based company will function as “first technology IPO of 2016”. The organization claims that unlike payday lenders, it offers clear charges “in purchase to assist our clients facing…