Joint VentureAug 11, 2026, 08:31 AM
SurgePays Smartphone Rent-to-Own Sales Up 23% in July; JV Talks
AI Summary
SurgePays, Inc. announced continued strong growth in its smartphone rent-to-own program with All Prepaid, LLC (LWP). Retailer sales through the program reached approximately $176,000 in July, marking a 23% increase over June sales. The program has seen significant growth since its April launch, leading SurgePays to initiate discussions with LWP for a potential joint venture to support its continued expansion and broader rollout.
Key Highlights
- Smartphone rent-to-own program sales reached approximately $176,000 in July.
- July sales represent a 23% increase over June sales of $142,725.
- Program grew from approximately $1,500 in monthly sales in April to over $176,000.
- Discussions initiated with LWP regarding a potential joint venture for program expansion.
- The program currently operates across fewer than 50 participating locations.
- Future plans include a broader rollout across the Company's independent retail dealer footprint.
Price Impact
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