Press Releases
OppFi Announces First Quarter 2022 Earnings Conference Call
CHICAGO--(BUSINESS WIRE)-- OppFi Inc. (NYSE: OPFI) (“OppFi” or the “Company”), a leading financial technology platform that powers banks to help everyday consumers gain access to credit, will report financial results for its first quarter 2022 before the market open on Thursday, May 5, 2022. Management will host a conference call on...
OppFi Appoints Pamela Johnson as Chief Financial Officer
CHICAGO--(BUSINESS WIRE)-- OppFi Inc. (NYSE: OPFI) ("OppFi" or the "Company"), a leading financial technology platform that powers banks to help the everyday consumer gain access to credit, today announced the appointment of Ms. Pamela (“Pam”) Johnson as the Company’s Chief Financial Officer. Johnson joined OppFi as Chief Accounting Officer in 2021....
OppFi Reports Fourth Quarter and Full-Year 2021 Financial Results
Net income for the fourth quarter of $17 million and $90 million for full-year 2021 Adjusted Net Income of $66 million for full-year 2021, up 19% year over year Basic and Diluted EPS of $0.84 for the fourth quarter of 2021 and $1.93 for full-year 2021 Adjusted Basic and Diluted...
OppFi Files Complaint for Declaratory and Injunctive Relief Against the Commissioner of the California Department of Financial Protection and Innovation
CHICAGO--(BUSINESS WIRE)-- OppFi Inc. (“OppFi” or the “Company”) (NYSE: OPFI), a leading financial technology platform that helps everyday consumers gain access to credit, today announced it has filed a Complaint for Declaratory and Injunctive Relief against the Commissioner of the Department of Financial Protection and Innovation for the State of California....
OppFi Announces Fourth Quarter and Full Year 2021 Earnings Conference Call Details
CHICAGO--(BUSINESS WIRE)--OppFi Inc. (NYSE:OPFI) (“OppFi”), a leading financial technology platform that powers banks to help everyday consumers gain access to credit, announced today that it will release financial results for its fourth quarter and full year 2021 results after the market close on Thursday, March 10, 2022. Conference call and...
OppFi Board of Directors Appoints Founder and Executive Chairman Todd Schwartz as Chief Executive Officer
Schwartz to Execute New Strategic Vision for the Company Company Reaffirms 2021 Revenue and Adjusted Net Income Outlook and Provides Additional 2021 Financial Outlook OppFi Board of Directors Appoints Founder and Executive Chairman Todd Schwartz as Chief Executive Officer. CHICAGO--(BUSINESS WIRE)-- OppFi Inc. (“OppFi” or the “Company”) (NYSE: OPFI), a leading...
OppFi Announces Share Repurchase Program
Authorization permits the Company to purchase up to $20 million of Class A common stock CHICAGO--(BUSINESS WIRE)-- OppFi Inc. (“OppFi” or the “Company”) (NYSE: OPFI), a leading financial technology platform that powers banks to help everyday consumers gain access to credit, announced today that its Board of Directors has authorized a...
As Part of OppFi’s Next Phase, Neville Crawley Will Succeed Jared Kaplan as OppFi CEO
Former CEO of Kiva, Crawley brings deep experience and expertise in fintech, technology and serving financially excluded populations Crawley to lead OppFi in its next chapter of growth and planned expansion of the platform for millions of everyday consumers who are locked out of the mainstream financial ecosystem Neville Crawley,...
OppFi Reaches Facilitated Issuance of 2 Million Installment Loans
Company’s growth supported by the use of alternative data in underwriting helps expand credit access to large, underserved consumer market CHICAGO--(BUSINESS WIRE)-- OppFi Inc. (NYSE: OPFI) (“OppFi”), a leading financial technology platform that powers banks to help everyday consumers gain access to credit, announced today that it has facilitated the issuance...
For Fourth Consecutive Year, OppFi Lands on the 2021 Deloitte Technology Fast 500™ North America
Company continues its focus to help millions of everyday consumers by providing access to simple and transparent financial products through the OppFi platform November 17, 2021 06:50 AM Eastern Standard Time CHICAGO--(BUSINESS WIRE)--OppFi Inc. (NYSE: OPFI) (“OppFi”), a leading financial technology platform that powers banks to help everyday consumers gain...
OppFi Reports Third Quarter 2021 Financial Results
Revenue up 47% and Adjusted Revenue for the third quarter of 2021 up 25% year over year Net Originations for the third quarter of 2021 up 25% year over year and 14% sequentially to a record $165 million Ending Receivables for the third quarter of 2021 up 22% year over...
OppFi Announces Third Quarter 2021 Earnings Conference Call Details
CHICAGO--(BUSINESS WIRE)-- OppFi Inc. (NYSE:OPFI), a leading financial technology platform that powers banks to help everyday consumers gain access to credit, announced today that it will release financial results for the third quarter ended September 30, 2021 after the market close on Thursday, November 11, 2021. Conference call and...
OppFi Amends $75 Million Credit Facility with Atalaya Capital Management to Support Expansion of OppFi Card
OppFi recently launched its first-ever credit card designed to enable the company to serve a segment of the large non-prime credit card market October 19, 2021 06:45 AM Eastern Daylight Time CHICAGO--(BUSINESS WIRE)--OppFi Inc. (NYSE: OPFI) (“OppFi”), a leading financial technology platform that powers banks to help everyday consumers gain...
OppFi Expands Bank Credit Facility to Support Growth of SalaryTap
October 05, 2021 04:35 PM Eastern Daylight Time CHICAGO--(BUSINESS WIRE)--OppFi Inc. (NYSE: OPFI) (“OppFi”), a leading financial technology platform that powers banks to help everyday consumers gain access to credit, announced today that it has expanded its existing $25 million bank credit facility to $45 million. OppFi plans to use...
OppFi to Participate in the JMP Securities Fintech Forum: Artificial Intelligence
September 07, 2021 07:00 AM Eastern Daylight Time CHICAGO--(BUSINESS WIRE)--OppFi Inc. (NYSE: OPFI) ("OppFi"), a leading financial technology platform that powers banks to help the everyday consumer gain access to credit, today announced that the company will participate at the upcoming JMP Securities Fintech Forum: Artificial Intelligence on Friday, September...
OppFi Applauds Recent Federal Court Decision to Grant CFPB's Motion for Summary Judgment in CFSA's Challenge to CFPB's Small Dollar Rule
Decision provides clarity and further supports the need for common sense consumer protection guidance that also protects credit access for millions of everyday consumers September 02, 2021 05:00 PM Eastern Daylight Time CHICAGO--(BUSINESS WIRE)--OppFi Inc. (NYSE: OPFI) (“OppFi”), a leading financial technology platform that powers banks to help everyday consumers...
OppFi Releases Inaugural Social Impact Report
Report demonstrates how OppFi is furthering credit access and improving financial health for everyday consumers August 16, 2021 07:00 AM Eastern Daylight Time CHICAGO--(BUSINESS WIRE)--OppFi Inc. (NYSE: OPFI) today released its 2020 Social Impact Report as part of the company’s ongoing efforts to measure the financial impact of products and...
OppFi Reports Second Quarter 2021 Financial Results
Net Originations for the second quarter of 2021 up 84% year over year, 44% sequentially and 20% vs. the second quarter of 2019 Ending Receivables for the second quarter of 2021 up 19% year over year and 29% vs. the second quarter of 2019 Revenue up 28% and Adjusted Revenue...
Fintech Leader Neville Crawley Joins OppFi as President
This newly created executive role will help lead and grow the company’s innovative technology, product, and go-to-market strategies Fintech leader Neville Crawley joins OppFi as President to help lead and grow company’s innovative technology, product, and go-to-market strategies. (Photo: Business Wire) August 03, 2021 07:00 AM Eastern Daylight Time CHICAGO--(BUSINESS...
OppFi Announces Second Quarter 2021 Earnings Conference Call Details
July 28, 2021 07:00 AM Eastern Daylight Time CHICAGO--(BUSINESS WIRE)--OppFi Inc. (NYSE:OPFI) (“OppFi”), a leading financial technology platform that powers banks to help everyday consumers gain access to credit, announced today that it will release financial results for the second quarter ended June 30, 2021 after the market close on...
OppFi Board of Directors Will Bring Diverse Experience in Driving Growth, Innovation, and Customer-Centric Excellence
Company will celebrate its recent listing on the New York Stock Exchange by ringing The Closing Bell® on July 27 July 26, 2021 07:05 AM Eastern Daylight Time CHICAGO--(BUSINESS WIRE)--OppFi Inc. (NYSE: OPFI) (“OppFi”), a leading financial technology platform that powers banks to help the everyday consumer gain access to...
Opportunity Financial (“OppFi”) and FG New America Acquisition Corp. Complete Business Combination
OppFi to Begin Trading on the NYSE Under Ticker Symbol “OPFI” on July 21, 2021 CHICAGO--(BUSINESS WIRE)--Opportunity Financial, LLC (“OppFi”), a leading financial technology platform that powers banks to help everyday consumers gain access to credit, and FG New America Acquisition Corp. (NYSE: FGNA), a special purpose acquisition corporation (“SPAC”),...
FG New America Acquisition Corp. Stockholders Approve Business Combination With OppFi
July 19, 2021 04:42 PM Eastern Daylight Time CHICAGO--(BUSINESS WIRE)--FG New America Acquisition Corp. (NYSE:FGNA) (“FGNA”), a special purpose acquisition corporation, today announced that FGNA’s stockholders have approved all proposals related to the previously announced proposed business combination (the “Business Combination”) with Opportunity Financial, LLC (“OppFi”), a leading financial technology...
FG New America Acquisition Corp. Announces Special Meeting Date to Approve Proposed Business Combination With Opportunity Financial
June 22, 2021 04:05 PM Eastern Daylight Time CHICAGO--(BUSINESS WIRE)--FG New America Acquisition Corp. (NYSE: FGNA) (“FGNA”), a special purpose acquisition corporation, today announced that it has set a meeting date of July 16, 2021 for its special meeting (the "Special Meeting") to approve the previously announced proposed business combination...
OppFi Named a Crain’s Fast 50 Company for the Third Consecutive Year
Nationally ranked fintech ranks 7th in the 50 fasting growing companies in Chicagoland by Crain’s Chicago Business June 15, 2021 08:00 AM Eastern Daylight Time CHICAGO--(BUSINESS WIRE)--Opportunity Financial, LLC ("OppFi"), a leading financial technology platform that powers banks to help everyday consumers gain access to credit, announced today it has...
OppFi Announces New Relationship with Best Money Moves to Expand Credit Access Through Employers with SalaryTap
SalaryTap, a new employer payroll-linked loan product through OppFi’s platform, aims to widen credit access while reducing cost of borrowing Relationship with Best Money Moves designed to help more employees meet their credit access needs through SalaryTap June 09, 2021 08:00 AM Eastern Daylight Time CHICAGO--(BUSINESS WIRE)--Opportunity Financial, LLC ("OppFi"),...
OppFi to Participate in Piper Sandler Global Exchange & FinTech Conference
CHICAGO, June 3, 2021 /PRNewswire/ -- Opportunity Financial, LLC ("OppFi"), a leading financial technology platform that powers banks to help the everyday consumer gain access to credit, today announced that the company will participate at the upcoming Piper Sandler Global Exchange & FinTech Conference on Thursday, June 10, 2021. At 4:00 p.m. ET on June 10, Jared Kaplan, chief...
OppFi Expands SalaryTap Product Nationally to Broaden Credit Access
Launching in 33 states, OppFi will help companies across the U.S. offer employees access to small dollar loans linked to their payroll Through SalaryTap, non-prime borrowers will have access to credit at prime rates CHICAGO, June 2, 2021 /PRNewswire/ -- Opportunity Financial, LLC ("OppFi"), a leading financial technology platform that powers banks...
OppFi Reports First Quarter 2021 Financial Highlights
- Net Income increased 44% to $24.4 million for first quarter of 2021 vs. 2020 - Adjusted Net Income increased 48% to $19.3 million for first quarter of 2021 vs. 2020¹ - Net Originations up 32% for the first quarter of 2021 vs. 2019, despite impact of 2021 stimulus -...
OppFi to Participate in Upcoming Investor Conferences
CHICAGO, May 11, 2021 /PRNewswire/ -- Opportunity Financial, LLC ("OppFi"), a leading financial technology platform that powers banks to help the everyday consumer gain access to credit, today announced that the company will participate in this month's upcoming investor conferences. OppFi and FG New America Acquisition Corp. (NYSE: FGNA), a special purpose acquisition corporation, recently...
OppFi CEO Jared Kaplan to Speak at LendIt Fintech USA 2021 Conference
Jared Kaplan keynotes a fireside chat on measuring products’ impact on consumer financial health CHICAGO, April 26, 2021 /PRNewswire/ -- Opportunity Financial, LLC ("OppFi"), a leading financial technology platform that powers banks to help the everyday consumer gain access to credit, announced today that Jared Kaplan, CEO, will be speaking at the LendIt...
53% of Credit-Challenged Americans Are Doing Worse Financially a Year into Pandemic Finds OppFi Survey
Despite multiple rounds of stimulus and economic relief, 43% foresee bankruptcy or eviction CHICAGO, April 22, 2021 /PRNewswire/ -- New survey data from Opportunity Financial, LLC ("OppFi") shows that thirteen months into the COVID-19 global pandemic, more than half (53%) of credit-challenged consumers in the U.S. believe that they are worse off financially...
OppFi Makes 2nd Straight Appearance on the Financial Times List of the Americas’ Fastest-Growing Companies
Chicago fintech again places in the top 100 on this prestigious list CHICAGO, April 14, 2021 /PRNewswire/ -- Opportunity Financial, LLC ("OppFi"), a leading financial technology platform that powers banks to provide credit access for the everyday consumer, announced today that it has been named to the Financial Times List of the Americas' Fastest...
OppFi Teams Up with Mastercard, First Electronic Bank and Deserve to Introduce OppFi Card
OppFi Card is designed to expand credit access and bridge the gap for the millions of everyday consumers who are locked out of the traditional financial ecosystem CHICAGO, April 7, 2021 /PRNewswire/ -- Opportunity Financial, LLC ("OppFi"), a leading financial technology platform that powers banks to help the everyday consumer gain access to...
OppFi Announces Agreement with Brightside to Leverage Payroll Deduction for Non-Prime Borrowers
OppFi’s new employer payroll-linked loan product, SalaryTap, aims to widen credit access while reducing cost of borrowing Agreement with the Brightside employee financial care platform tests proof of concept through direct-to-consumer offering CHICAGO, March 31, 2021 /PRNewswire/ -- Opportunity Financial, LLC ("OppFi"), a leading financial technology platform that powers banks to help the...
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 CHICAGO, March 29, 2021 /PRNewswire/ -- Opportunity Financial, LLC ("OppFi"), a leading financial technology platform that powers banks to help the everyday consumer gain access to credit, announced today that it has closed an expanded $50 million corporate credit facility with...
OppFi Reports Fourth Quarter and Full Year 2020 Financial Highlights
Achieved 2020 yearly revenue growth of 27% and net income growth of 135% CHICAGO, March 22, 2021 /PRNewswire/ -- Opportunity Financial, LLC ("OppFi"), a leading financial technology platform that empowers banks to provide credit access for the everyday consumer, today reported financial highlights for the fourth quarter and full year that ended December 31, 2020. OppFi...
OppFi Named ‘Best Consumer Lending Company’ by the FinTech Breakthrough Awards
This is the second consecutive award received by the Chicago fintech as part of this prestigious consumer fintech awards program CHICAGO, March 16, 2021 /PRNewswire/ -- Opportunity Financial, LLC ("OppFi"), a leading financial technology platform that powers banks to help the everyday consumer gain access to credit, announced today that it has been selected as...
OppFi Named on Forbes America’s Best Startup Employers 2021
Chicago fintech is one of only three financial startup companies based in Illinois to make the prestigious list CHICAGO, March 9, 2021 /PRNewswire/ -- Opportunity Financial, LLC ("OppFi"), a leading financial technology platform that powers banks to provide credit access for the everyday consumer, announced today it has been named to the Forbes list...
OppFi Announces Leadership Appointments to Spearhead Newly Launched OppFi Card and SalaryTap Business Lines
Fintech taps Discover leader to lead credit card division to bring revolving credit to everyday consumers CHICAGO, March 3, 2021 /PRNewswire/ -- Opportunity Financial, LLC ("OppFi" or the "company"), a leading financial technology platform that powers banks to help everyday consumers gain access to credit, announced today that Elizabeth Simer has joined the company...
OppLoans Hires Government Affairs Leader Joseph Rubin as Head of Public Affairs and Regulatory Policy
Rubin brings strong bipartisan partnership to elevate consumer credit access policy awareness and education across the aisle CHICAGO, February 4, 2021 — OppLoans, a leading financial technology platform that serves middle income, credit challenged consumers, has announced that Joseph Rubin will join the company as head of public affairs and...
OppLoans Ranks 14th on Built In’s 2021 100 Best Places to Work in Chicago
Company was also recognized as a top 20 Company with the Best Benefits in Chicago, a further testament to its commitment to the employee experience CHICAGO, January 11, 2021 – OppLoans, a leading financial technology platform that powers banks to help middle income, credit-challenged consumers gain access to credit, announced...
OppLoans Receives LendingTree’s 2020 Customer Satisfaction Award for Three Straight Quarters
The LendingTree award is based on quantity and quality of consumer reviews, driven by OppLoans’ customer-focused mission CHICAGO, December 2, 2020 – OppLoans, a leading financial technology platform that powers banks to help middle-income, credit-challenged consumers gain access to credit, announced winning the LendingTree Customer Satisfaction Award for three consecutive...
For Third Consecutive Year, OppLoans Ranks in the Top 150 on Deloitte’s 2020 Technology Fast 500™
Company continues its focus on building a better financial path for credit-challenged, middle income consumers through its top-rated, industry leading financial platform CHICAGO, November 18, 2020 – OppLoans, a leading financial technology platform that powers banks to help middle-income, credit-challenged consumers gain access to credit, announced it ranked 138th on...
OppLoans Teams Up with Experian®, Steady, and BillShark Furthering its Commitment to Social Impact
These new, mission-aligned partnerships provide additional financial resources and support as part of a larger social impact strategy to help consumers build a better financial path forward CHICAGO, October 21, 2020—OppLoans, a leading financial technology platform that powers banks to help middle-income, credit-challenged consumers gain access to credit, announced three...
OppLoans Hires Nationally Recognized DEI Leader Michelle Y. Bess as Vice President of Talent & Diversity, Equity and Inclusion
Bess brings new leadership and focus to further strengthen the company’s DEI efforts and support its overall mission of expanding financial inclusion Chicago, September 15, 2020—OppLoans, a leading financial technology platform that serves middle income, credit challenged consumers, has announced that Michelle Y. Bess will join the company as vice...
OppLoans Named on the Inc. 5000 List for Fifth Consecutive Year
The Chicago-based fintech firm ranked #539 on the prestigious annual list of America’s fastest growing companies Chicago, August 12, 2020—OppLoans, a leading financial technology platform that serves middle income, credit challenged consumers, ranked 539 on this year’s Inc. Magazine’s prestigious 5000 list of America’s fastest growing companies. This marks the...
1 in 5 Credit-Challenged Young Adults Who Lost Financial Ground in Pandemic Doubts They’ll Ever Fully Recover
Survey of credit-challenged Americans from OppLoans finds that a majority of respondents expect it to take at least 4 months to bounce back Chicago, July 6, 2020—According to a new survey from OppLoans, a vast majority – 72% – of credit-challenged Americans say they have experienced at least some form...
OppLoans Applauds Newly-Released Interagency Lending Principles for Banks and Credit Unions Offering Responsible Small-Dollar Loans
Guidance further supports the need for financial institutions to provide access to loans for the 60 million credit-challenged Americans, while protecting consumers Chicago, May 27, 2020—OppLoans, a leading financial technology platform that powers banks to serve middle income, credit-challenged consumers, applauds the release of the Interagency Lending Principles on small-dollar...
OppLoans Wins 2020 FinTech Breakthrough Awards For Best Consumer Lending Platform
Prestigious awards program recognizes outstanding financial technology companies for their innovation and customer experience Chicago, March 11, 2020—OppLoans, a leading financial technology platform that serves middle income, credit challenged consumers, today announced that it was selected as the winner of the “Best Consumer Lending Platform” award by FinTech Breakthrough, an independent...
Vast Majority of Credit-Challenged Consumers Remain Locked out of Traditional Credit Markets
According to OppLoans, a leading fintech firm, only 7.8% of applicants qualify for sub-36% APR loans from a consortium of near-prime lenders Chicago, February 19, 2020—OppLoans, a leading financial technology platform that serves middle income, credit-challenged consumers, released its latest insights on sub-36% APR loan availability for non-prime consumers through...
Fintech Firm OppLoans Named 91st on the Deloitte 2019 Technology
Company continues to focus on building financial access and inclusion to underserved, credit challenged consumers. Chicago, November 7, 2019—OppLoans, a top-rated financial technology platform that serves middle income, credit challenged consumers, announced it ranked 91st on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications,...
Fintech Firm OppLoans Announces Its First Bank-Led Credit Facility
The industry leading financing structure will strengthen OppLoans’ mission of expanding credit access to underserved consumers. Chicago, September 17, 2019 — OppLoans, a growing fintech and top rated direct-to-consumer online lending platform, announced today that it has secured its first bank-led asset-backed revolving credit facility. This facility structure will enable...
Fintech Firm OppLoans Named to Inc. 500 for Fourth Consecutive Year
Chicago-based fintech firm placed #321 on Inc. magazine’s prestigious annual list of the fastest-growing U.S. companies Chicago, August 14, 2019—OppLoans, a leading fintech company, has been named to Inc. magazine’s prestigious 2019 Inc. 500 list for the fourth year in a row. Only four companies on this year’s list, including OppLoans, have...
Leading FinTech Firm OppLoans Ranks #4 on Crain’s Fast 50
The Chicago-based fintech firm places in top five of Chicago’s fastest-growing companies as measured by Crain’s Chicago Business Chicago, June 27, 2019 --OppLoans, a leading fintech firm, has been named the fourth fastest-growing Chicagoland company by Crain’s Chicago Business. With a five-year growth rate of 9,041.9% the company placed fourth on...
Socially Responsible FinTech Firm OppLoans Appoints Kyle Williams, Esq., to Head of Government Affairs
Policy expert joins OppLoans to lead efforts to expand credit access for borrowers. Chicago, May 1, 2019 (GLOBE NEWSWIRE) --OppLoans, a leading socially responsible fintech firm, has appointed Kyle Williams to the new role of Head of Government Affairs. Williams is a seasoned policy executive with a background in the...
CEO of Leading FinTech Firm OppLoans Releases Statement on Firm’s Success, Evolving the Conversation about Non-Prime Lending and the Road Ahead
Jared Kaplan, CEO of OppLoans, speaks to the reality of consumer lending today and his firm’s efforts to create a path to credit history for non-prime borrowers. Chicago, Feb. 12, 2019 (GLOBE NEWSWIRE) --Jared Kaplan, CEO of the rapidly growing financing platform OppLoans, has released an article addressing the phenomenal health...
Socially Responsible Lender OppLoans Appoints Karishma Patel Buford to New Chief People Officer Role
Highly successful talent management leader joins fast-growing fintech firm. Chicago, Jan. 29, 2019 (GLOBE NEWSWIRE) --OppLoans, the nation’s leading socially responsible online lender, has announced the appointment of Karishma Patel Buford to the new role of Chief People Officer. Karishma is a deeply experienced human resource executive and psychologist. At...
For V-Day, 88 Percent Say It’s the Thought That Counts, 46 Percent Admit Financial Infidelity
New survey by fintech firm OppLoans discovers that Valentines are happy to receive less expensive gifts — but only if the presents are thoughtful. Chicago, Jan. 28, 2019 (GLOBE NEWSWIRE) -- How can consumers save money on Valentine’s Day? Easy: buy a thoughtful present. In a new survey commissioned by...
OppLoans Named a Best Workplace by Glassdoor for the Second Year in a Row
The Chicago-based fintech firm is one of only 17 companies to appear twice on the prestigious list. Chicago, IL, Dec 15, 2018 (GLOBE NEWSWIRE) –Chicago-based fintech firm OppLoans has been honored with a Glassdoor Employees’ Choice Award, recognizing the best places to work in 2019. This marks the second year in...
How Much Do Grandparents Spend on Holiday Gifts? New Study Has the Answer.
The researchers at OppLoans surveyed over 1,700 grandparents nationwide to find out! Chicago, IL, Nov 27, 2018 (GLOBE NEWSWIRE) –Just in time for the 2018 holiday shopping season, fintech firm OppLoans has released a new nationwide study that examines grandparents' holiday spending. Based on results from over 1,700 grandparents surveyed...
FinTech Firm OppLoans Ranked 86th Fastest-Growing Company in North America on Deloitte’s 2018 “Technology Fast 500™”
The socially responsible online lender attributes 1,500-percent revenue growth to a better product, rapid technology development and a best-in-class customer experience. Chicago, IL, Nov 21, 2018 (GLOBE NEWSWIRE) – OppLoans today announced it ranked number 86 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and...
Which states are most likely to overspend on Black Friday shopping? New study has the answer.
New report ranks states according to risky credit card habits, finds 41 percent of Black Friday shoppers have suffered financial consequences from overspending. Chicago, IL, Nov 05, 2018 (GLOBE NEWSWIRE) - Are some states more likely to overspend on Black Friday than others? If credit card habits are any indication,...
How Much Do Bike Share Costs Differ Across the U.S.?
According to new research from fintech firm OppLoans, the cost of U.S. bike-sharing programs varies wildly. Chicago, IL, Oct 17, 2018 (GLOBE NEWSWIRE) -As bike sharing programs grow more popular in cities worldwide, they can make for a cost-effective alternative to expensive car rentals and ride shares. But according to new...
Fintech Leader OppLoans Appoints Stacee Hasenbalg to Chief Compliance Officer Role
Highly regarded compliance and regulatory expert joins rapidly growing firm. Chicago, IL, Sep 26, 2018 (GLOBE NEWSWIRE) - OppLoans, the nation's leading socially responsible online lender, has announced the appointment of Stacee Hasenbalg to the role of Chief Compliance Officer. Ms. Hasenbalg has held positions in banking and financial services for...
Workers Spend 6.9 Hours Per Week On Their Fantasy Football Teams
How much do people spend and win in fantasy football—and what percentage of players pay fellow league members to help them cheat?! Chicago, IL, Aug 21, 2018 (GLOBE NEWSWIRE) -Fantasy football is a multi-billion dollar business, but a new survey from the finance experts at fintech firm OppLoans has found that it's costing businesses...
FinTech Firm OppLoans Ranks on the Inc. 5000 List for Third Consecutive Year
Socially responsible online lender is the 340th fastest-growing company in the country. CHICAGO, IL, August 15, 2018—OppLoans, the nation's leading online lender, is No. 340 on the 37th annual Inc. 5000, the most prestigious ranking of the nation's fastest-growing private companies. In addition to the honor of the placement, OppLoans has the...
15 Percent of College Millennials Spend Parents' Money Primarily on Partying
New survey by fintech firm OppLoans reveals that millennials and their parents often have different ideas about responsible spending. CHICAGO, IL/ August 08, 2018 – Should parents give their kids spending money in college? Possibly, but if they do, there’s a good chance they won’t get the full truth about...
Forty-Six Percent of Millennials Feel Held Back by Credit Score
New survey by fintech firm OppLoans shows the impact of bad credit on young people. CHICAGO—July 11, 2018—Are millennials too young to have bad credit? Definitely not. And it's taking a toll. According to data from a new survey by the fintech firm OppLoans, a shocking 46 percent of millennials...
OppLoans CEO Jared Kaplan Named a Glassdoor Top CEO in 2018
Kaplan was 8th highest-rated CEO on the prestigious list. CHICAGO—June 20, 2018—OppLoans CEO Jared Kaplan has won a Glassdoor Employees' Choice Award honoring the Top CEOs in 2018 in the U.S. SMB category. Glassdoor, one of the world's largest job and recruiting sites, released its annual report recognizing the Top CEOs, which highlights...
New Study from Fintech Firm Finds Majority of Teens and Young Adults have Summer Jobs
Whether they live in the South, the Midwest, the East Coast, or the West, more than half of American young people are planning to work this summer. CHICAGO—June 13, 2018—Are young people still holding down summer gigs? According to a recent survey from the finance experts at OppLoans, 63 percent of...
OppLoans Named One of the Country's Best Workplaces by Inc. Magazine
The socially responsible FinTech firm receives further recognition for employee satisfaction and positive workplace environment. CHICAGO, IL, May 30, 2018—Online lender and service provider OppLoans has been listed as one of the country's 2018 Best Workplaces by Inc. Magazine. The award determination was based on employee survey results in areas like...
How Much Are Parents in Your State Spending on Their Kids? A New Study Has the Answer
From $2,000 to $17,921, how much parents spend per child, per year is drastically different from state to state. CHICAGO—May 2, 2018—Having a kid has never been cheap, but a new survey from fintech firm OppLoans has found that raising a tiny tot can set you back more than you'd think. The finance...
Seven in Ten College Students Damage Credit Soon After Graduation
New survey by lending firm OppLoans shows that serious credit dings are common among recent grads. CHICAGO—April 11, 2018—Financial Literacy Month is in full swing, but new data suggests that many college students have trouble managing their money after graduation. Sixty-nine percent of recent college grads made damaging financial mistakes soon after finishing...
New Survey from Fintech Firm Finds Delaware Pet Owners Spend the Most on their Animals. How Does Your State Stack Up?
In honor of National Pet Day, which falls on April 11, the econ experts at OppLoans have conducted a survey to see just how much American pet owners are spending on their furry friends. CHICAGO—April 09, 2018—The survey from OppLoans found that, on average, Americans spend $126.19 per month keeping their...
When it Comes to Valentine's Day Spending, How Does Your State Stack Up?
From $0 to $267, Valentine's spending varies wildly by state according to a survey by OppLoans. CHICAGO—February 07, 2018—Just how much are Americans spending on Valentine's Day? A new survey from the financial sleuths at OppLoans found that, on average, U.S. residents shelled out about $33.64 on holiday-related romantic gestures. But how much...
FinTech Leader OppLoans Named 6th Best Place to Work Nationally
Chicago-based start-up earns top-10 position in Glassdoor's 2018 Best Places to Work rankings for companies with fewer than 1,000 employees CHICAGO—December 06, 2017—Socially responsible online lender OppLoans received top rankings in Glassdoor's 2018 Best Places to Work award. The start-up was named the sixth-best place to work nationally for small- to...
Stranger Things: What was the Cost of Living in 1983 Hawkins, Indiana?
Fintech firm OppLoans dives deep into the Upside Down in the name of financial research. CHICAGO—October 23, 2017—We all know that home prices and take-home pay have risen since 1983, but what about the things that really matter? Things like Eggos, kids' bikes, and Dungeons and Dragons games? In honor of the upcoming...
Fintech Leader OppLoans Appoints Andy Pruitt to Chief Technology Officer Role
Highly regarded technology and business leader joins rapidly growing firm. CHICAGO—October 19, 2017—OppLoans, the nation's leading socially responsible online lender, has announced the appointment of Andy Pruitt to the role of Chief Technology Officer. Pruitt is a renowned technologist and company founder. At OppLoans, Pruitt will lead the development team to improve...
Chicago Mayor Cuts Ribbon at New Headquarters of Rising FinTech Firm OppLoans
Mayor Emanuel praises OppLoans, saying, "Your success is Chicago's success." CHICAGO—October 10, 2017—Chicago Mayor Rahm Emanuel cut the ribbon at the new OppLoans headquarters in downtown Chicago this week. OppLoans, the nation's leading socially responsible online lender, has more than tripled its employee-count in the past two years and expanded...
FinTech Firm OppLoans Advances to #219 on Inc. Magazine's 2017 List of 500 Fastest-Growing Companies
This is the socially responsible lender's second consecutive appearance on the esteemed list. CHICAGO—August 16, 2017—OppLoans, the country's leading socially responsible online lender, has achieved the rank of #219 on Inc. Magazine's 2017 list of the 500 fastest-growing privately owned companies. "It was an honor last year to claim the...
OppU Helps Students Understand Money Management by Providing Free Interactive Financial Literacy Lessons
OppU helps students understand money management by providing free interactive financial literacy lessons. CHICAGO—July 26, 2017—When students begin work or head to college, many get their first taste of economic independence. To give them the skills they need, OppLoans, a Chicago-based financial firm, launched a new financial education site called...
Fintech leader OppLoans Appoints Sal Hazday to COO Role
Deeply experienced, Fortune 250 senior business leader joins highest-rated nonprime lender. CHICAGO—July 18, 2017—OppLoans, a leading online lending platform, has hired veteran business executive, Sal Hazday, as Chief Operating Officer. OppLoans leverages strong technology and analytics to provide liquidity with flexible payment options to non-prime consumers. Hazday will lead operational...
OppLoans Welcomes Daniel Fell as VP of Business Development and Partnerships
World-class business development executive joins rapidly growing fintech company. CHICAGO—June 28, 2017—OppLoans, the nation's leading socially responsible online lender serving non-prime consumers, has announced the appointment of Daniel Fell to the role of Vice President of Business Development. Fell will oversee all strategic business development and partnership objectives at the...
OppLoans Welcomes Shiven Shah as Chief Financial Officer
World-class financial executive joins rapidly growing online lending FinTech company. CHICAGO—April 4, 2017—OppLoans, the nation's leading socially responsible online lender of personal loans to non-prime consumers, has announced the appointment of Shiven Shah, CFA, to the role of Chief Financial Officer effective April 3, 2017. Shah will oversee all strategic...
Socially Responsible Online Lender OppLoans Launches Personal Loan Product in Georgia and Mississippi
OppLoans extends installment loans to Georgia and Mississippi, offering flexible repayment options and credit education discounts to better serve subprime customers. CHICAGO—November 22, 2016—OppLoans has extended its lending operations to include Georgia and Mississippi, where customers with less-than-perfect credit have long been underserved. For those who qualify, OppLoans is offering personal loans up...
LendingTree Names OppLoans #1 Customer-Rated Personal Lender of Q2 2016
Ranking marks second major recognition in past 30 days for the fast-growing online lender. CHICAGO—September 22, 2016—LendingTree, a leading online loan marketplace, has ranked OppLoans number one in the category of personal loan network lenders for the second quarter. LendingTree calculated the ratings based on customer-generated reviews of overall borrowing experience. OppLoans,...
Online Lender OppLoans Named to Inc. Magazine's 2016 List of 500 Fastest-Growing Companies
FinTech firm OppLoans is one of only 15 Illinois companies ranked on the esteemed list. CHICAGO—August 17, 2016—Inc. Magazine has welcomed OppLoans, the leader in socially responsible online lending, onto its highly respected 2016 list of America's 500 fastest-growing companies. On average, the organizations featured have grown almost nine-fold over...
2016-07-07 | OppLoans Moves to New Headquarters in Heart of Chicago
FinTech firm OppLoans relocates to a new facility in the historic One Prudential Plaza. CHICAGO—May 05, 2016—OppLoans, the leader in socially-responsible online lending to the non-prime customer segment, has announced the relocation of their headquarters to One Prudential Plaza in Chicago to accommodate recent growth. The move comes amid rapid...
2016-05-31 | FinTech Firm OppLoans Releases White Paper
CHICAGO—May 31, 2016—OppLoans, the leader in socially responsible online lending to the non-prime customer segment, has announced the publication of a new white paper titled "Borrowers Deserve Better than a Payday Loan: The Story Behind the 36% APR Benchmark." In the face of increasing public distrust of payday lenders, new...
2016-05-05 | OppLoans Announces New Chief Marketing Officer John O'Reilly
World-class FinTech firm OppLoans secures experienced and innovative executive to strengthen and implement marketing strategy. CHICAGO—May 05, 2016—OppLoans, the leader in socially responsible online lending to the subprime customer segment, has announced the appointment of John O'Reilly as Chief Marketing Officer. O'Reilly comes to Opportunity Financial LLC with more than...
2016-04-06 | OppLoans Welcomes Steve Durko as Chief Technology Officer
World-class technology and legal executive joins rapidly growing, online lending FinTech company. CHICAGO—April 6, 2016—OppLoans, the nation's leading socially responsible online lender of personal loans to non-prime consumers, Steve Durko as Chief Technology Officer. Durko will direct the development of OppLoans' proprietary lending platform as the company expands its portfolio...
2015-11-10 | OppLoans Mentioned as Leader in Quality and Innovation
OppLoans paves the way for non-prime borrowers to get better personal loans with credit education discounts and flexible payment options. CHICAGO—November 10, 2015—OppLoans was featured in a recent report by the Center for Financial Services Innovation on Quality and Innovation Among Small-Dollar Credit Installment Lenders. The report is rooted in...
2015-04-07 | How To Select A Personal Loan When You Don't Have Perfect Credit
A president of an online lending company shares how to select the safest and best personal loan company for you. CHICAGO—April 7, 2015—If you are interested in borrowing money and have less than perfect credit, surfing the web for a personal loan can be a daunting task. If you type...
2015-03-10 | OppLoans Launches Exciting New Loan Product
Online lending company launches new and improved lending product that includes customer discounts for credit education. CHICAGO—March 10, 2015—Online lending company Opportunity Financial is launching an innovative product that will offer services to customers without perfect credit. The new product is larger in size and offers discounts to customers who...
2014-09-04 | OppLoans Garners Top Ratings from Near-prime Borrowers
OppLoans specializes in providing larger, easy to qualify for personal installment loans with affordable payment terms. The company continues to build a solid reputation for their customer-centric service approach through transparency. CHICAGO—September 04, 2014—Sometimes access to a simple loan with flexible payment terms can be the difference between making it...