In The News
Opportunity Financial, LLC and FG New America Acquisition Corp. have joined forces. The combined new company, now officially known as OppFi, Inc., began trading on the New York Stock Exchange under the ticker symbols OPFI (Class A common stock) and OPFI (warrants) on Wednesday (July 21).
Potential regulation will shape the company and the path it will take. There are many uncertainties around OppFi’s business model but most of the paths will lead to happy customers as well as shareholders.
OppFi CEO Jared Kaplan and FG New America Chairman Joe Moglia discuss OppFi’s debut on ‘The Claman Countdown.’
Jared Kaplan, CEO of fintech OppFi, told CNBC on Wednesday he wants to help alleviate Americans’ emergency savings worries.
CNBC’s “Squawk Box” team discusses OppFi’s trading debut on the New York Stock Exchange as the company makes its public debut via a SPAC with OppFi CEO Jared Kaplan and SPAC sponsor Joe Moglia.
OppFi (OPFI) decided to follow competitor SoFi’s path to go public through a SPAC merger. The Joe Moglia-led FG New America Acquisition Corp. (FGNA) is the SPAC taking OppFi public.
Last month, FGNA announced that it has selected Opportunity Financial (OppFi) as its target. The merger between the two companies will result in OppFi entering the public stock markets with the ticker symbol OPFI.
On the road, OppFi attempts to differentiate itself from the lending models of Affirm, Katapult, and Upstart
Top consumer lenders aren’t all created equal. Firms like OppFi, Upstart, Katapult and Affirm have different strengths and focuses.
CEO of OppFi, Jared Kaplan, discusses his company and the potential investment opportunity.
Payday lenders target communities of color. But fintechs offering small-dollar loans and flexible wages may help break the debt trap.
OppFi, which is going public via SPAC, is a small-dollar lender that offers an alternative.
OppFi CEO Jared Kaplan said the underbanked need new digital front doors in an environment where traditional credit scoring mechanisms used by banks fall short in providing those consumers loans or credit cards.
As part of the Thrive Global series called “5 Things I Wish Someone Told Me Before I Began Leading My Company,” Jared Kaplan, chief executive officer of OppFi, was interviewed.
Online lending platform OppFi has been in the middle of going public and rebranding throughout 2021.
The Trump administration’s “True Lender” rule allowed predatory lending by rent-a-banks, advocates say. Overturning it will create confusion for fintechs, the rule’s backers argue. The House is set to review it.
Now more than ever, women are breaking down barriers in order to create a better, brighter future.
Chicago’s famously diversified economy was reflected in the list, though most of the winners had a technology edge.
The problem of unbanked consumers — those without access to a checking or savings account — has remarkably improved, with over 95 percent of American households reporting access to basic banking services, according to FDIC data.
In the Monetizing Digital Intent Tracker, OppFi CEO Jared Kaplan explains how behavioral analytics tools that examine customers’ data entry methods can help assess credit risk and improve loan access.
PYMNTS spoke with Jared Kaplan, CEO of OppFi, about how the FinTech uses behavioral analytics to examine customers’ data entry methods and determine their legitimacy and credit risk.
Opportunity Financial, or OppFi, is set to go public via special purpose acquisition company FG New America Acquisition Corp FGNA 0.2% with an implied equity valuation of approximately $800 million.
OppFi CEO Jared Kaplan speaks on Bloomberg Quicktake.
OppFi – merging with the SPAC, FG New America (FGNA) – is a high-growth sub-prime lender with an AI-powered tech platform.
Jared Kaplan, CEO of OppFi, joins Bill Brewster on The Business Brew Podcast.
Jared Kaplan, OppFi CEO, speaks to John Gaffney about the new ecosystems for consumers.
The products can come with a high cost, but the company suggests they’re an on-ramp into a credit system that leaves out many consumers.
Ever since the Atlantic wrote its seminal May 2016 cover story, “The Secret Shame of Middle-Class Americans,” there’s been acute awareness by the general public about the lack of savings for everyday consumers.
Kaplan discussed the problems with having that many underbanked Americans, how OppFi is bringing these individuals back into the system, how the pandemic has changed access to credit, what separates OppFi from other FinTechs from both a customer and an investor standpoint and how he plans to scale the company...
Jared Kaplan, OppFi CEO, answers three questions about trends in fintech and his professional experiences.
OppFi Fintech Opens Waitlist for Credit Builder Card.
Money that’s proven to be key to special-purpose acquisition companies getting mergers done is starting to show signs of drying up, according to market participants familiar with the world of SPAC transactions.
In recognition of those disruptive innovators creating positive and diverse change within the financial services space, Benzinga presents OppFi.
As willingness to extend credit remains tight among lenders, one fintech platform is getting creative in its efforts to give a wider swath of borrowers access to loans.
Replay: Nasdaq and Palm Beach Hedge Fund Association Host “The Future of Finance” with CEOs of OppFi, LendingClub, Finance of America
The battle for banking is heating up as Fintech companies roll out new lending and financing services.
Facility is designed to power OppFi’s growth plans and accelerate new product roll-out.
As the Biden administration ushers its cabinet nominees through the Senate confirmation process, pundits of all stripes are offering predictions concerning how bank regulation might proceed under a president who promises greater protections for vulnerable Americans.
OppFi CEO Jared Kaplan and Bloomberg News markets reporter Sonali Basak joined Quicktake to discuss a variety of issues, from inflation to credit access, and they’ll be affected as Americans begin to receive Covid stimulus checks.
The pandemic has made access to loans more difficult for everyday consumers. That’s why OppFi, a fintech that partners with banks to offer loans to consumers with low credit scores, is seeing new demand.
Consumer credit is getting destroyed at a furious pace. OppFi helps credit-challenged borrowers access credit and heal their credit scores.
Opportunity Financial began contemplating whether to go public in early 2020. The online lender wanted to flesh out its installment loan business with more mainstream financial products and raise its profile.
The Chicago-based loan servicer looks to reach upmarket with a credit-card rollout this year and a payroll deduction secured installment loan, currently in beta.
FinTech platform Opportunity Financial (OppFi) has entered into an agreement with special purpose acquisition company (SPAC) FG New American Acquisition Corp. (FGNA) to become a public company, according to a press release.
Opportunity Financial, a fintech that partners with banks to offer loans to consumers with low credit scores, is going public.
CNBC’s Bob Pisani talks with former TD Ameritrade CEO Joe Moglia on his SPAC acquiring OppFi in $800 million deal as well as how retail investors are in the market.
Financial technology firm Opportunity Financial LLC, or OppFi, agreed to merge with blank-check company FG New America Acquisition Corp. to go public.
OppLoans’ deal, with a firm started by former TD Ameritrade CEO Joe Moglia, is the second such transaction for a privately held Chicago company in a week.
Former TD Ameritrade CEO and chairman Joe Moglia’s SPAC just announced plans to acquire fintech OppLoans in a deal valued at $800 million
TD Ameritrade’s former top executive has found a target for his so-called blank check company.
Jared Kaplan is the Chief Executive Officer of OppLoans, a leading financial technology platform that provides accessible products and a top-rated experience to middle income, credit-challenged consumers.
Though a spotlight on racial injustice this year has brought awareness to unconscious bias in the workplace, there’s still a long way to go.
Four regulators issued guidance on the products in May, but banks have been slow to roll out offerings. Higher demand may provide the catalyst they need.
Meet the Disruptors: Jared Kaplan of OppLoans On The Three Things You Need To Shake Up Your Industry
As a part of our series about business leaders who are shaking things up in their industry, I had the pleasure of interviewing Jared Kaplan CEO of OppLoans.
Messrs. Brooks and Calomiris bring context to why lending that occurs nationally should operate under a single regulatory framework, instead of a Byzantine system of overlapping laws.
The Covid-19 pandemic has laid bare many of the challenges inherent to our economic system.
An all too familiar statistic is the Federal Reserve’s 2018 finding that 40 percent of Americans would struggle to pay for a $400 emergency expense, signaling that despite a decade-long bull market on Wall Street, millions on Main Street continued to live only one crisis away from disaster, even during boom...
For the millions of Americans who struggle to afford an unexpected expense, high-interest payday and online loans may seem like acceptable options despite the inherent risk.
According to research from credit bureau TransUnion to measure consumer hardship caused by COVID-19, nearly 70 percent of Americans are currently worried about their ability to pay off bills and loans, anticipating an average budget shortfall of about $1,000.
The annual ranking is back and bigger than before.
The ranking highlights 500 businesses across the continent for whom innovation and creativity have paid off — attributes that will underpin resilience and enable many of them to thrive once the worst effects of the pandemic are behind them.
The severity of the effects of COVID-19 on our financial system is beyond a reality check for decision-makers – it puts the brightest spotlight on the already precarious finances of tens of millions of Americans, many who were unable to make ends meet before this crisis began.
The OppLoans Disaster Borrower’s Assistance Program allows customers to skip their upcoming payment without incurring any penalties or accruing additional interest and keeps them in an active status so there is no negative credit reporting impact.
Jared Kaplan of OppLoans comments on bank and fintech partnership to create access to wider credit-challenged population.
Morning Consult: Fintech and Bank Partnerships are Necessary for Tens of Millions who Lack Access to Credit
The vast majority of Americans live paycheck to paycheck, and that’s a big part of why 60 million Americans lack good credit. As a result, they can’t obtain the same rates on loans that people with prime credit qualify for.
OppLoans CEO Jared Kaplan gives his strategies to lead top talent, including what is working for their company to grow the top talent and accelerate revenues.
This four-time Inc. 5000 honoree offers personal installment loans to nonprime borrowers
by Jared Kaplan, OppLoans CEO
Millennials are feeling the pressure that comes from a less-than-stellar credit history.
In business, the importance of long-term relationships is the closest you’ll come to a universally accepted truth. But for OppLoans, the best kind of customer is one who never comes back.
Jared Kaplan discussses OppU, an online curriculum that provides free financial literacy lessons to schools, colleges and consumers.
Based on actual customer experience, socially responsible online lender OppLoans takes the top spot for personal loans on LendingTree’s list of Q2 2016 lenders!
Technology-Driven Lender OppLoans Launches New Website and Application to Offer Responsible Alternative to Payday Loans
Alt Lending 3.0 FinTech firm OppLoans launches more efficient online customer portal to help non-prime borrowers access responsible financial products and resources.
OppLoans extends its industry leading credit products to Maryland to better serve non-prime borrowers with better personal loans that include credit education discounts and flexible payment options.
Experienced marketing, operations and growth executive joins fast-growing, newly branded online lending company.