In The News
OppFi Semi-Annual Financial Health Survey Reveals 1 in 5 Consumers Lack Savings for One Week of Living Expenses
Todd Schwartz of OppFi: Five Things You Need To Be A Highly Effective C-Suite Executive
OppFi Debuts Same-Day Funding Service for Underserved Borrowers
Digital loan platform OppFi has introduced a same-day funding service aimed at underserved borrowers. The service lets qualified customers who...
Building a Public FinTech Company From Scratch: OppFi CEO Todd Schwartz
Todd has built a public FinTech business with $7M of family money and another $8M of debt. OppFi went public...
Want to Save $50,000? Raise Your Credit Score
Getting a good deal on a loan or credit card is highly dependent on the borrower's credit score. Surely, that’s...
OppFi Products Help Consumers with Less-Than-Perfect Credit Obtain Emergency Credit at Better Rates
Consumers with low credit scores often struggle to receive favorable loans from lenders. Through OppLoans.com, OppFi helps those would-be borrowers...
Fast 50 2022: The finalists
Business has been booming for Chicago-area companies, despite facing turbulence in the wake of COVID-19. This year, nearly 150 companies...
Financial-Technology Firms Tap AI to Reach More Borrowers
With an uptick in consumer lending, financial-technology companies see a chance to grow by filling gaps for underserved borrowers, online...
6 Chicago-Area Companies Ranked on the Deloitte 2021 Technology Fast 500 List
Every year, consulting firm Deloitte releases its list of the fastest-growing tech companies in North America. This list ranks the...
How to Win the Talent War
Chief People Officer Karishma Patel Buford and Vice President of Talent and DEI Michelle Y. Bess explain that remote-flexible work...
How Lattice Is Powering Employee Engagement at OppFi
Director, Culture & Change Management, Kelsey Witmer, and Learning & Development Lead, Mackenzie Saunders, discuss how Lattice helps OppFi prioritize...
Tackling the tech talent imbalance
When Michelle Bess joined online lender OppFi last year as vice president of talent and DEI, she set a goal...
OppFi Reports Second Quarter 2021 Financial Results
OppFi Inc., a leading financial technology platform that powers banks to help the everyday consumer gain access to credit, today...
Former Kiva CEO Neville Crawley Joins Fintech OppFi As President
The Chicago-headquartered fintech platform OppFi Inc. has named Neville Crawley as its president. In his new role, Crawley will formulate...
Former Kiva CEO Neville Crawley Joins Fintech OppFi As President
The Chicago-headquartered fintech platform OppFi Inc. has named Neville Crawley as its president.
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 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...
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....
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...
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.
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.
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,...
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.
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.
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...
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...
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...
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...
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...
Average APR Inches Up, Card Debt Gains Weight, and Old Apple Cards Fall From Tree
OppFi opens waitlist for credit builder card.
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...
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.
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...
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.
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.
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...
Meet America’s Best Startup Employers 2021
OppFi is named on Forbes America's Best Startup Employers 2020. Company is one of only three financial startup companies based...
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...
SPACs supercharging fintechs
Opportunity Financial began contemplating whether to go public in early 2020. The online lender wanted to flesh out its installment...
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...
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...
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.
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...
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...
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...
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.
OppLoans Hires Government Affairs Leader Joseph Rubin as Head of Public Affairs and Regulatory Policy
OppLoans, a leading financial technology platform that serves middle income, credit challenged consumers, has announced that Joseph Rubin will join...
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...
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...
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...
OppLoans Hires Nationally Recognized DEI Leader Michelle Y. Bess as Vice President of Talent & Diversity, Equity and Inclusion
A highly regarded DEI leader in the business community, Bess brings a strong dynamic background in leading DEI strategies, executive...
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.
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...
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...
OppLoans Applauds Newly-Released Interagency Lending Principles for Banks and Credit Unions Offering Responsible Small-Dollar Loans
OppLoans, a leading financial technology platform that powers banks to serve middle income, credit-challenged consumers, applauds the release of the...
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...
OppLoans Named one of Crain's Largest Privately Help Companies and #2 for Revenue Growth
The annual ranking is back and bigger than before.
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...
Is Now the Right Time for Banks to Resume Small Dollar Lending
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...
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...
Fintech-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...
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
Fintech Leader OppLoans Appoints Stacee Hasenbalg to Chief Compliance Officer Role
OppLoans, the nation's leading socially responsible online lender, has announced the appointment of Stacee Hasenbalg to the role of Chief...
Millennials Feel Held Back By Their Credit Scores
Millennials are feeling the pressure that comes from a less-than-stellar credit history.
Chicago Mayor Cuts Ribbon at New Headquarters of Rising FinTech Firm OppLoans
Chicago Mayor Rahm Emanuel cut the ribbon at the new OppLoans headquarters in downtown Chicago this week. OppLoans, the nation's...
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,...
OppU Helps Students Understand Money Management by Providing Free Interactive Financial Literacy Lessons
When students begin work or head to college, many get their first taste of economic independence. To give them the...
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...
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...
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...