INVESTOR PRESENTATIONNASDAQ: ATLCAugust 2021

Empowering Better Financial Outcomesfor Everyday Americans

Atlanticus Holdings Corporation (NASDAQ: ATLC)

Forward-Looking Statements

This presentation contains forward-looking statements that are made pursuant to safe harbor provisions of the Private Securities

Litigation Reform Act of 1995. These forward-looking statements include statements concerning, among other things, our

business, growth potential, operations, financial performance, the performance of our receivables, and consumer demand for our

products.

Although Atlanticus believes the expectations reflected in such forward-looking statements are reasonable, such statements

involve risks and uncertainties and you should not place undue reliance on such statements. Actual results may differ materially

from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from

these expectations include, among other things, the timing and financing of originations; and other risk factors detailed from time

to time in Atlanticus' reports filed with the Securities and Exchange Commission.

The forward-looking statements contained herein speak only as of the date of this presentation. Atlanticus undertakes no

obligation to update or revise any forward-looking statement, except as may be required by law.

PG 2

Sometimes you need help

to get back on the right

track. Fortiva has given

me this opportunity!

Already my credit score

has gone up by 5 points

just by paying on time!”~LINDA A., Fortiva Customer

“

EMPOWERING

BETTER FINANCIAL

OUTCOMES FOR

EVERYDAY

AMERICANS

Empowering Better Financial Outcomes for Everyday Americans

WHO WE ARE

PG 4

of data aggregation capital raisednew consumers loans funded

BH/PH Auto

Atlanticus Holdings Portfolio

25 Years >18M $26B $10B

Direct-to-Consumer Point-of-Sale

peak receivables$3.6B

Acute Healthcare

WHO WE ARE

Comparison: Atlanticus vs. Other Fintechs

Features / Characteristics Atlanticus“Full Credit-as-a-Service Provider”

Other FintechsNeobanks, Digital or AI Lending Platforms

25 Years of Data Aggregation

100% Cloud-based Infrastructure

AI Derived Decisioning

Mobile First UX

30+% Customer Growth

Omnichannel Origination Capability

AI Driven Customer Service

API First Integration Capabilities

Proven Customer Need

Proven Analytics through REAL Economic Cycles

At Scale Operating Infrastructure

100% Automated Decisioning

Proven Profitability

Proven Scalability

Multiple Asset Class Capability

PG 5

Tenured Management Team with Deep Industry Experience

WHO WE ARE

Insiders61%

Float39%

OwnershipAVERAGE

ATLANTICUS TENURE

13 Years

AVERAGE INDUSTRY

EXPERIENCE

22 Years

PG 6

Everyday Americans Face Financial Uncertainty

UNDERSTANDING CONSUMER NEEDS

PG 7

Sources:†2017 FDIC National Survey of Unbanked and Underbanked Households (2018, October)*Highland Solutions Poll. (2020, December)‡PYMNTS (2021, August)**Go Banking Rates (2019, December)††Federal Reserve (2020, May)

80M are unbanked or underbanked†

Live paycheck to paycheck*

Have less than $1,000 in savings**

Don’t have access

to $400-500 for an emergency

expense‡

88M have credit scores less than 700††

25% 69% 41%50%63%

Large Market OpportunityUNDERSTANDING CONSUMER NEEDS

Private Label

Credit Card

General Purpose

Credit Card

Healthcare

Finance

General Purpose Credit

Score US Market (550-

680 FICO): $520B in

annual spend(2)

Private Label

2nd Look US

Market: $50B

in annual

spend(3)

US Market: $305B

in out-of-pocket

healthcare

expenditures,

excluding small

balances(4)

Fortiva: $590M annual

purchases

Fortiva/Aspire:$600M

annual purchasesCurae: $12M annual

purchases

Sources:

(1) FICO (2019, April)

(2) Experian data; Management estimates

(3) Private Label Credit Cards in the U.S., 11th Edition (2019, June); Management estimates

(4) Centers for Medicare & Medicaid Services (2019); Management estimates

41% of US consumers, ~88M people, have sub-700 FICO scores(1)

PG 8

Everyday Americans Have Limited Alternatives

UNDERSTANDING CONSUMER NEEDS

Source: Management market research.

New entrants not addressing market’s primary needs.

Installment Lenders

• Prime focused

Point of Sale / BNPL

NeoBanks

• Prime focus

• Retail only

• Specific purpose

• Short term

• Limited

• No credit alternatives

PG 9

Innovative TechnologyWHAT MAKES US DIFFERENT

Mobile-First customer

experience

• API-First approach

• Flexible integration capabilities

• Multi-factor authentication

• Data encryption

• DaaS architecture

• System of record

• Decisioning

• Database

Cloud-based InfrastructureScalability/Reliability/Efficiency

PG 10

Mobile65%

Desktop35%

Access Account Center

WHAT MAKES US DIFFERENT

Accelerating Digital AdoptionInto Our Ecosystem

Account Center

90%

% of New Cardholders

81%

% of Total Cardholders

Paperless Free Credit Score

79%

% of New Cardholders

37%

% of Total Cardholders

85%

% of New Cardholders

59%

% of Total Cardholders

Note: Based on General Purpose Credit Card as of 02/2021 PG 11

WHAT MAKES US DIFFERENT

Prime experience curated for the unique needs of everyday Americans

Financial Empowerment Platform

SupplementalIncome

Spending Summary

Mobile-FirstExperience

FreeCredit Score

Fraud Alerts

CashbackLock/UnlockCard Controls

Investments

Features & Functionality

Mobile Wallet

Credit

Budgeting / Planning

Savings and

Investing

Bill PayMoney Transfer

Credit Score Mgmt

Banking

PG 12

WHAT MAKES US DIFFERENT

Informed by 25 years of data aggregation

Leading Analytics

Banking Information

Transaction Modeling Application Information

Channel Attributes

Alternative Data Sources 300+ Attributes

PG 13

WHAT MAKES US DIFFERENT

ESG Initiatives• Empowering better financial outcomes since 1996

• Technology enabled, instant decisioning at POS enabling millions of everyday Americans to make purchases they need

• Reduction in employee environmental impact

• Encouraged move to paperless statementing – 85% of new general purpose cardholders opt-in

• Carbon offsets for customers still wanting paper statements

• Free credit scores offered to all customers to enable financial wellness

• Social Impact Committee of Board of Directors

• Employee-sponsored Social Equality Team

PG 14

WHY ATLANTICUS?

Rave Reviews

95%would recommend to a friend

4.7 out of 5 stars rating

“My credit was destroyed by

the loss of my job many years

ago and I have worked very

hard to build it up. Fortiva

offered me an opportunity to

gain more reliability and took a

chance on me. The application

was easy, my approval was

quick and I’m on my way.”

“After suffering a horrendous

identity theft and severe fraud

I was rebuilding my life and

credit history and found Fortiva.

Great company, terrific card,

easy to use website!”

“I AM BLESSED TO HAVE MY

FORTIVA CARD.

Thank You!”

“When I applied for

my Fortiva Card I

thought it was going

to be just like my

other cards. Boy,

was I wrong!! This

truly is my favorite

Credit Card, and I

love using it.”

Two major, unexpected, events

have occurred since I was given

my card. A move from one city

to the other and a huge dental

procedure and bill. Fortiva has

filled in my blank spots!

PG 15

Point-of-Sale,

$627.2M

Direct-to-Consumer, $616.7M

$1.2B Total Managed Receivables

Balanced Product ApproachATLANTICUS PERFORMANCE

Data as of 6/30/21 for current product mix

Footnote: Total Managed Receivables is a non-GAAP financial measure. See slide 23 for a reconciliation of Managed Receivables and additional information.

PG 16

Point-of-Sale, 898K

Direct-to-Consumer,

1,302K

2.2M Total Acounts as of 6/30/21

Point-of-Sale,

1.3MDirect-to-

Consumer, 1.6M

2.8M LTD Accounts

Point-of-Sale,

$374.6MDirect-to-

Consumer, $458.7M

$833M YTD Purchases

GrowthATLANTICUS PERFORMANCE

$ in thousands

$0

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

$1,600,000

Q1-18 Q2-18 Q3-18 Q4-18 Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21

Gross Receivables

Credit and Other Investments CAR Financial

CAGR: 43.3%

-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

Q1-18 Q2-18 Q3-18 Q4-18 Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21

Total Accounts

Credit and Other Investments CAR Financial

CAGR: 66.7%

PG 17

$0

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

$140,000

$160,000

$180,000

$200,000

Q1-18 Q2-18 Q3-18 Q4-18 Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21

Total Revenue

Credit and Other Investments CAR Financial

CAGR: 56.4%

ResultsATLANTICUS PERFORMANCE

(20.0%)

(15.0%)

(10.0%)

(5.0%)

-

5.0%

10.0%

15.0%

20.0%

Q1-18 Q2-18 Q3-18 Q4-18 Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21

Annualized Return on Average Total Managed Receivables (Gross) (1)

$ in thousands

Footnote:

(1) Annualized return on average total managed receivables is calculated by dividing GAAP Net Income Attributable to Common

Shareholders by the average of beginning period and ending period Total Managed Receivables. Total Managed Receivables is a non-GAAP

financial measure. See slide 23 for a reconciliation of Managed Receivables and additional information.PG 18

($60,000)

($40,000)

($20,000)

$0

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

$140,000

Q1-18 Q2-18 Q3-18 Q4-18 Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21

TTM GAAP Net Income Attributable to Common Shareholders

CAGR: 204.9%

ATLANTICUS PERFORMANCE

Valuation: Atlanticus vs. Other Fintechs

Financial Data as of 6/30/2021

Stock Price Information as of: 8/9/2021 PG 19

Metric

Price to Revenue 1.3X 2X – 53X

Price to Earnings 5.4Xa. 200X – N/M

(Few with Actual NI)

ROE 68%N/M

(All with Negative ROE)

Atlanticus“Full Credit-as-a-Service Provider”

Other FintechsNeobanks, Digital or AI Lending

Platforms

ATLC share price at

Median (34X)

Price-to-Sales of

Fintech “Peers”

$936

Current Share Price

$47.01.

Historically Valued on P/E and ROE Price to SalesEV / Revenue

August 2021

Square to Acquire

Afterpay for 41X current

Sales or

23X EV / Revenue

Q2 HighlightsATLANTICUS PERFORMANCE

Dollars in thousands PG 20

2021 2020

Total operating revenue $ 179,519 $ 135,421 Other non-operating revenue 2,586 325 Interest expense (13,790) (12,252) Provision for losses on loans, interest and fees receivable recorded at net realizable value (11,096) (32,530) Changes in fair value of loans, interest and fees receivable and notes payable associated with structured financings recorded at fair value

(58,763) (25,667)

Net margin 98,456 65,297 Operating expenses:

Salaries and benefits 7,883 6,508 Card and loan servicing 18,212 15,601 Marketing and solicitation 13,678 10,190 Depreciation 320 320 Other 5,972 4,586

Total operating expenses: 46,065 37,205 Loss on repurchase of convertible senior notes 5,448 —

Net income 36,826 23,117

Net loss attributable to noncontrolling interests 50 48

Net income attributable to controlling interests 36,876 23,165

Net income attributable to controlling interests to common shareholders 32,138 18,429

Net income attributable to controlling interests per common share - basic $ 2.12 $ 1.28

Net income attributable to controlling interests per common share - diluted $ 1.56 $ 0.93

For the Three Months Ended June 30,

Consolidated Statement of OperationsATLANTICUS PERFORMANCE

Dollars in thousands, except per share dataPG 21

2021 2020 2021 2020Revenue:Consumer loans, including past due fees 122,654$ 100,112$ 224,950$ 203,259$ Fees and related income on earning assets 49,553 32,399 86,573 67,044 Other revenue 7,312 2,910 11,891 5,636 Total operating revenue 179,519 135,421 323,414 275,939 Other non-operating revenue 2,586 325 3,426 315 Total revenue 182,105 135,746 326,840 276,254

Interest expense (13,790) (12,252) (26,088) (25,836) Provision for losses on loans, interest and fees receivable recorded at net realizable value (11,096) (32,530) (15,231) (99,866) Changes in fair value of loans, interest and fees receivable and notes payable associated with structured financings recorded at fair value (58,763) (25,667) (86,254) (40,858) Net margin 98,456 65,297 199,267 109,694

Operating expense:Salaries and benefits 7,883 6,508 16,122 14,018 Card and loan servicing 18,212 15,601 35,599 31,438 Marketing and solicitation 13,678 10,190 23,979 19,507 Depreciation 320 320 632 605 Other 5,972 4,586 10,940 9,387 Total operating expense 46,065 37,205 87,272 74,955 Loss on repurchase of convertible senior notes 5,448 - 13,255 - Income before income taxes 46,943 28,092 98,740 34,739 Income tax expense (10,117) (4,975) (17,887) (6,260) Net income 36,826 23,117 80,853 28,479 Net loss attributable to noncontrolling interests 50 48 98 111 Net income attributable to controlling interests 36,876 23,165 80,951 28,590 Preferred dividends and discount accretion (4,738) (4,736) (9,425) (7,495) Net income attributable to common shareholders 32,138$ 18,429$ 71,526$ 21,095$ Net income attributable to common shareholders per common share—basic 2.12$ 1.28$ 4.74$ 1.46$ Net income attributable to common shareholders per common share—diluted 1.56$ 0.93$ 3.47$ 1.12$

For the Three Months Ended For the Six Months EndedJune 30, June 30,

Consolidated Balance SheetATLANTICUS PERFORMANCE

Dollars in thousands, except per share data PG 22

June 30, December 31, 2021 2020

AssetsUnrestricted cash and cash equivalents (including $156.9 million and $96.6 million associated with variable interest entities at June 30, 2021 and December 31, 2020, respectively) 265,869$ 178,102$ Restricted cash and cash equivalents (including $49.8 million and $70.2 million associated with variable interest entities at June 30, 2021 and December 31, 2020, respectively) 67,884 80,859 Loans, interest and fees receivable:Loans, interest and fees receivable, at fair value (including $587.6 million and $374.2 million associated with variable interest entities at June 30, 2021 and December 31, 2020, respectively) 644,739 417,098 Loans, interest and fees receivable, gross (including $445.5 million and $560.2 million associated with variable interest entities at June 30, 2021 and December 31, 2020, respectively) 547,355 667,556 Allowances for uncollectible loans, interest and fees receivable (including $92.2 million and $120.9 million associated with variable interest entities at June 30, 2021 and December 31, 2020, respectively) (95,183) (124,961) Deferred revenue (including $6.7 million and $10.3 million associated with variable interest entities at June 30, 2021 and December 31, 2020, respectively) (31,344) (39,456) Net loans, interest and fees receivable 1,065,567 920,237 Property at cost, net of depreciation 1,704 2,240 Investments in equity-method investee 1,033 1,415 Operating lease right-of-use assets 6,970 9,181 Prepaid expenses and other assets 10,824 15,180 Total assets 1,419,851$ 1,207,214$

June 30, December 31, 2021 2020

LiabilitiesAccounts payable and accrued expenses 38,656$ 41,731$ Operating lease liabilities 9,712 13,776 Notes payable, net (including $911.8 million and $827.1 million associated with variable interest entities at June 30, 2021 and December 31, 2020, respectively) 966,566 882,610 Notes payable associated with structured financings, at fair value (associated with variable interest entities) 2,562 2,919 Convertible senior notes 9,226 24,386 Income tax liability 37,211 25,932

Total liabilities 1,063,933 991,354

Commitments and contingenciesPreferred stock, no par value, 10,000,000 shares authorized:Series A preferred stock, 400,000 shares issued and outstanding at June 30, 2021 (liquidation preference - $40.0 million); 400,000 shares issued and outstanding at December 31, 2020 40,000 40,000 Class B preferred units issued to noncontrolling interests 99,500 99,350

Shareholders' EquitySeries B preferred stock, no par value, 2,800,000 shares issued and outstanding at June 30, 2021 and 0 shares issued and outstanding at December 31, 2020 (liquidation preference - $70.0 million) — —

Common stock, no par value, 150,000,000 shares authorized: 16,638,161 shares issued and outstanding (including 1,459,233 loaned shares to be returned) at June 30, 2021; and 16,115,353 shares issued and outstanding (including 1,459,233 loaned shares to be returned) at December 31, 2020 — —Paid-in capital 254,001 194,950 Retained deficit (36,715) (117,666) Total shareholders’ equity 217,286 77,284 Noncontrolling interests (868) (774) Total equity 216,418 76,510 Total liabilities, preferred stock and shareholders' equity 1,419,851$ 1,207,214$

Reconciliation of non-GAAP financial measures

ATLANTICUS PERFORMANCE

At or for the Three Months Ended2021 2020 2019 2018

(in millions) Jun. 30 (1) Mar. 31 (1) Dec. 31 (1) Sept. 30 (1) Jun. 30 (1) Mar. 31 (1) Dec. 31 Sept. 30 Jun. 30 Mar. 31 Dec. 31 Sept. 30 Jun. 30Loans, interest and fees receivable, at fair value $644.7 $481.4 $417.1 $310.8 $177.9 $89.4 $4.4 $4.5 $4.9 $5.4 $6.3 $7.1 $8.3Fair value mark against receivable (2) $148.6 $112.3 $99.0 $71.8 $42.7 $17.5 $2.0 $2.6 $2.9 $3.3 $3.3 $3.4 $5.4Loans, interest and fees receivable, at face value $793.3 $593.7 $516.1 $382.6 $220.6 $106.9 $6.4 $7.1 $7.8 $8.7 $9.6 $10.5 $13.7

At or for the Three Months Ended2021 2020 2019 2018

(in millions) Jun. 30 Mar. 31 Dec. 31 Sept. 30 Jun. 30 Mar. 31 Dec. 31 Sept. 30 Jun. 30 Mar. 31 Dec. 31 Sept. 30 Jun. 30Loans, interest and fees receivable, gross $454.2 $498.8 $574.3 $604.8 $679.6 $810.6 $908.4 $769.0 $602.3 $472.3 $453.3 $395.6 $357.6Loans, interest and fees receivable, gross from fair value reconcil iation above $793.3 $593.7 $516.1 $382.6 $220.6 $106.9 $6.4 $7.1 $7.8 $8.7 $9.6 $10.5 $13.7Total managed receivables - Credit and Other Investments Segment $1,247.5 $1,092.5 $1,090.4 $987.4 $900.2 $917.5 $914.8 $776.1 $610.1 $481.0 $462.9 $406.1 $371.3Total managed receivables - Auto Finance Segment $93.2 $94.1 $93.2 $90.5 $89.6 $90.2 $89.8 $89.5 $89.5 $90.2 $88.1 $85.3 $83.9Total managed receivables $1,340.7 $1,186.6 $1,183.6 $1,077.9 $989.8 $1,007.7 $1,004.6 $865.6 $699.6 $571.2 $551.0 $491.4 $455.2

(1) We elected the fair value option to account for certain loans receivable associated with our point-of sale and direct to consumer platform that are acquired on or after January 1, 2020.(2) The fair value mark against receivables reflects the difference between the face value of a receivable and the net present value of the expected cash flows associated with that receivable.

This presentation includes references to managed receivables, which is a non-GAAP financial measure provided as a supplement to the results provided in accordance with

accounting principles generally accepted in the United States of America (“GAAP”). This non-GAAP financial measure aids in the evaluation of the performance of our credit

portfolios, including our risk management, servicing and collection activities and our valuation of purchased receivables. The credit performance of our managed receivables

provides information concerning the quality of loan origination and the related credit risks inherent with the portfolios. Management relies heavily upon financial data and

results prepared on the “managed basis” in order to manage our business, make planning decisions, evaluate our performance and allocate resources.

This non-GAAP financial measure is presented for supplemental informational purposes only. This non-GAAP financial measure has limitations as an analytical tool and

should not be considered in isolation from, or as a substitute for, GAAP financial measures. This non-GAAP financial measure may differ from the non-GAAP financial

measures used by other companies. A reconciliation of this non-GAAP financial measure to the most directly comparable GAAP financial measure is provided above for

each of the fiscal periods indicated.

PG 23

• History of performance

• Proven ability to scale

• Attractive asset level returns

• Accelerated growth