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PYMNTS

OppFi Combines With SPAC; Begins Trading On NYSE

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).

Published on: July 22, 2021
Seeking Alpha

OppFi Has Characteristics of a Multibagger

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.

Published on: July 21, 2021
Fox Business

Fintech OppFi goes public

OppFi CEO Jared Kaplan and FG New America Chairman Joe Moglia discuss OppFi’s debut on ‘The Claman Countdown.’

Published on: July 21, 2021
CNBC

Fintech OppFi goes public as CEO looks to alleviate America’s emergency savings drought

Jared Kaplan, CEO of fintech OppFi, told CNBC on Wednesday he wants to help alleviate Americans’ emergency savings worries.

Published on: July 21, 2021
CNBC

OppFi CEO, SPAC sponsor Joe Moglia on its trading debut

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.

Published on: July 21, 2021
Market Realist

Is OppFi Stock a Good Buy After FGNA Merger Approval?

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.

Published on: July 20, 2021
Nasdaq

Solid Insider Buying Puts These 2 Stocks in Focus

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.

Published on: July 13, 2021
Tearsheet

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.

Published on: July 6, 2021
Seeking Alpha

OppFi Is The Next Upstart

CEO of OppFi, Jared Kaplan, discusses his company and the potential investment opportunity.

Published on: June 30, 2021
Business Insider

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.

Published on: June 30, 2021
PYMNTS

Underbanked Consumers Primed To Move Beyond Basic DDAs

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.

Published on: June 28, 2021
Thrive Global

Jared Kaplan of OppFi: “Always hold the door, always”

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.

Published on: June 23, 2021
Tearsheet Podcast

‘Our four prong product strategy is a decade long vision’: OppFi’s Jared Kaplan

Online lending platform OppFi has been in the middle of going public and rebranding throughout 2021.

Published on: June 22, 2021
Protocol

A Trump-era fintech backdoor for high-interest loans is under scrutiny

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.

Published on: June 21, 2021
Built In Chicago

How These Women in Tech Bring Moxie to Work Every Day

Now more than ever, women are breaking down barriers in order to create a better, brighter future.

Published on: June 17, 2021
Crain’s Chicago Business

Meet Crain’s Fast 50 2021

Chicago’s famously diversified economy was reflected in the list, though most of the winners had a technology edge.

Published on: June 11, 2021
PYMNTS

Technology Helps Locked-Out Consumers Access Lending

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.

Published on: June 9, 2021
PYMNTS

OppFi On Using Behavioral Analytics To Gauge Customers’ Creditworthiness And Prevent Fraud

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.

Published on: June 4, 2021
PYMNTS

OppFi CEO Says Behavioral Analytics Unearth Credit Gems Other Methods Miss

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.

Published on: June 3, 2021
Benzinga

EXCLUSIVE: OppFi CEO Talks Company Differentiation, Product Timeline, SPAC Deal On ‘SPACs Attack’

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.

Published on: June 2, 2021
Bloomberg Quicktake

“Take Focus” Full Show

OppFi CEO Jared Kaplan speaks on Bloomberg Quicktake.

Published on: May 27, 2021
Seeking Alpha

OppFi And FGNA: A SPAC Merger With A High-Growth Fintech Sub-Prime Lending Platform

OppFi – merging with the SPAC, FG New America (FGNA) – is a high-growth sub-prime lender with an AI-powered tech platform.

Published on: May 16, 2021
The Business Brew Podcast

Jared Kaplan – CEO Interview – OppFi

Jared Kaplan, CEO of OppFi, joins Bill Brewster on The Business Brew Podcast.

Published on: May 4, 2021
PYMNTS

Connected Economy with Jared Kaplan

Jared Kaplan, OppFi CEO, speaks to John Gaffney about the new ecosystems for consumers.

Published on: May 3, 2021
FinLedger

Behind OppFi’s approach to reaching the credit underserved

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.

Published on: April 30, 2021
Medium

OppFi: An Advocate for the Everyday Consumer

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.

Published on: April 27, 2021
C-Suite TV Insights

Jared Kaplan – CEO of OppFi

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...

Published on: April 15, 2021
Protocol

3 Questions With… Jared Kaplan, OppFi CEO

Jared Kaplan, OppFi CEO, answers three questions about trends in fintech and his professional experiences.

Published on: April 13, 2021
The Balance

Average APR Inches Up, Card Debt Gains Weight, and Old Apple Cards Fall From Tree

OppFi Fintech Opens Waitlist for Credit Builder Card.

Published on: April 7, 2021
Business Insider

The SPAC M&A frenzy has finally reached its limits and a huge funding logjam is starting to form

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.

Published on: April 2, 2021
Benzinga

Fintech Spotlight: OppFi CEO Talks Going Public, Prospects For Growth

In recognition of those disruptive innovators creating positive and diverse change within the financial services space, Benzinga presents OppFi.

Published on: April 1, 2021
National Mortgage News

Fintech partnership offers payroll-deducted loan for non-prime borrowers

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.

Published on: March 31, 2021
IPO Edge

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.

Published on: March 31, 2021
CNN Business

OppFi Closes Expanded $50 Million Corporate Credit Facility with Atalaya Capital Management

Facility is designed to power OppFi’s growth plans and accelerate new product roll-out.

Published on: March 29, 2021
American Banker

Strike the right balance in regulating small-dollar lending

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.

Published on: March 15, 2021
Bloomberg Quicktake

How Will Americans Spend Their $1,400 Stimulus Checks?

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.

Published on: March 12, 2021
Forbes

Meet America’s Best Startup Employers 2021

Published on: March 9, 2021
Yahoo! Finance | IPO Edge

OppFi Wants to Be the Go-To Fintech Platform for the Middle Class

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.

Published on: March 9, 2021
One Million by One Million Blog

Thought Leaders in Financial Technology: OppFi CEO Jared Kaplan

Consumer credit is getting destroyed at a furious pace. OppFi helps credit-challenged borrowers access credit and heal their credit scores.

Published on: March 2, 2021
American Banker

SPACs supercharging fintechs

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.

Published on: February 19, 2021
Banking Dive

OppLoans rebrands, will go public through merger with SPAC

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.

Published on: February 12, 2021
PYMNTS

Everyday Credit FinTech OppFi Will Go Public Via SPAC

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.

Published on: February 11, 2021
American Banker

OppFi is the latest fintech to go public via SPAC

Opportunity Financial, a fintech that partners with banks to offer loans to consumers with low credit scores, is going public.

Published on: February 11, 2021
CNBC

Joe Moglia on his SPAC merging with OppFi in $800 million deal

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.

Published on: February 10, 2021
S&P Global Market Intelligence

Banking fintech OppFi to go public via SPAC merger

Financial technology firm Opportunity Financial LLC, or OppFi, agreed to merge with blank-check company FG New America Acquisition Corp. to go public.

Published on: February 10, 2021
Crain’s Chicago Business

Online lender going public yet another blank-check deal

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.

Published on: February 10, 2021
Business Insider

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.

Published on: February 10, 2021
Thrive Global

Jared Kaplan of OppLoans: “You’re never not changing”

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.

Published on: January 7, 2021
BuiltInChicago

3 HR Leaders Discuss the Significance of Unconscious Bias Training

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.

Published on: November 9, 2020
Banking Dive

With stimulus in legislative limbo, market may see boost in small-dollar loans

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.

Published on: October 1, 2020
Authority Magazine

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.

Published on: September 30, 2020
The Wall Street Journal

Regulating Fintech as It Becomes Pervasive

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.

Published on: September 15, 2020
Forbes

The Pandemic Is Putting Banks To The Test. Here’s How They Can Pass

The Covid-19 pandemic has laid bare many of the challenges inherent to our economic system.

Published on: September 4, 2020
InsideSources

72 Percent of Credit-Challenged Americans Set Back by COVID-19

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...

Published on: August 21, 2020
Nerdwallet | AP

How to take a high-interest loan and skip the debt cycle

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.

Published on: July 29, 2020
InsideSources.com

Embracing Alternative Data in Loan Underwriting Would Provide Win-Win for Credit Access in Pandemic

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.

Published on: May 18, 2020
ChicagoBusiness.com

OppLoans Named one of Crain’s Largest Privately Help Companies and #2 for Revenue Growth

The annual ranking is back and bigger than before.

Published on: April 17, 2020
Financial Times

OppLoans Named one of Financial Times’ Americas’ fastest-growing companies

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.

Published on: April 6, 2020
American Banker

Is Now the Right Time for Banks to Resume Small Dollar Lending

Published on: April 6, 2020
LinkedIn

Banks Must Offer Small Dollar Credit to Rapidly Solve America’s Credit Access Crisis

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.

Published on: March 26, 2020
Lend Academy Blog

New Action Plans from the Leading Consumer Lenders

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.

Published on: March 25, 2020
American Banker

Will the US ever enact a national interest rate cap?

Published on: March 6, 2020
BankInnovation.net

With CardWorks, Ally gains tools to broaden customer reach

Jared Kaplan of OppLoans comments on bank and fintech partnership to create access to wider credit-challenged population.

Published on: February 21, 2020
Morning Consult

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.

Published on: February 3, 2020
GeneHammett.com

How to Create an Environment for Top Talent

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.

Published on: January 3, 2020
Inc.com

Chicago’s Startup Scene Is as Hot as Ever. Just Ask These 10 Fast-Growing Companies

This four-time Inc. 5000 honoree offers personal installment loans to nonprime borrowers

Published on: December 20, 2019
Morning Consult

Let’s Create the Right Guardrails to Protect Consumers in the Small Dollar Loan Market

by Jared Kaplan, OppLoans CEO

Published on: December 4, 2019
Experian

Millennials Feel Held Back By Their Credit Scores

Millennials are feeling the pressure that comes from a less-than-stellar credit history.

Published on: July 25, 2018
BuiltInChicago

For this startup, customer retention is a bad thing

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.

Published on: September 6, 2017
EdTech Digest

Life Lessons—Building an online curriculum for economic empowerment.

Jared Kaplan discussses OppU, an online curriculum that provides free financial literacy lessons to schools, colleges and consumers.

Published on: September 6, 2017
Yahoo! Finance

OppLoans Named the #1 Personal Lender on LendingTree in the 2nd Quarter

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!

Published on: September 16, 2016
Yahoo! Finance

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.

Published on: April 27, 2016
Yahoo! Finance

OppLoans Launches Line of Credit Personal Loan Product in Maryland

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.

Published on: December 15, 2015
Yahoo! Finance

OppLoans Welcomes Jared Kaplan as President & CEO

Experienced marketing, operations and growth executive joins fast-growing, newly branded online lending company.

Published on: November 3, 2015

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