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Overview
OppFi partners with community banks to expand access to credit for everyday Americans who are often denied by traditional lenders. It uses technology to enable the underwriting, origination, and servicing of personal loans through these bank partners, with a focus on responsible lending and financial inclusion. Revenue comes from interest and fees on these loans, while emphasis on best-in-class customer service and transparency supports positive financial outcomes for clients. Unlike lenders that operate alone, OppFi differentiates itself by linking community banks with a tech-enabled platform to reach underserved borrowers and help them rebuild financial health. The company’s goal is to broaden credit access while promoting responsible lending and measurable improvements in the financial well-being of its customers.
About OppFi
Industries
Fintech
Financial Services
Company Size
201-500
Company Stage
IPO
Headquarters
Chicago, Illinois
Founded
2012
Simplify's Take
What believers are saying
- BNCCORP acquisition adds $1B deposits, driving 25%+ EPS accretion in 2026.
- AI Underwriting Model 7.0 launches Q3 2026, boosting origination growth post-48% 2025 rise.
- $150M Castlelake facility cuts interest rates, funding line-of-credit launch summer 2026.
What critics are saying
- CFPB crackdown ends rent-a-bank model, slashing revenue from triple-digit APR loans.
- OCC rejects BNCC acquisition over delinquency history, blocking deposit-funded shift.
- Recurring delinquency spikes on $445M receivables derail $650M 2026 revenue guidance.
What makes OppFi unique
- OppFi partners with community banks to deliver personal loans to 48 million underbanked Americans.
- TurnUp Program refers applicants to lower-rate options, prioritizing customer financial health.
- Zogo app gamifies financial education for customers, redeemable for retailer rewards.
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Funding
Total Funding
$575M
Above
Industry Average
Funded Over
4 Rounds
Benefits
Generous vacation
Insurance benefits
401(k) matching
Employee Assistance Program
Tuition reimbursement
Subsidies for childcare costs, free financial literacy tools, 6 paid weeks of parental leave
Collaborative and supportive company culture
Stock Price
Company News
OppFi Inc. reported record 2025 performance driven by its Underwriting Model 6, which improved risk-based pricing and enabled larger loan amounts. The fintech company achieved a 79% auto-approval rate and a 48% year-over-year increase in originations. The company plans double-digit growth in revenue and adjusted net income for 2026. Key initiatives include launching Model 7.0 in Q3 2026 to refine predictive accuracy, migrating to its new LOLA software system, and introducing a line of credit product to enter new geographic markets. OppFi addressed a summer delinquency spike, attributed to declining consumer sentiment, through rapid underwriting adjustments. The company recorded a $12 million non-cash gain from declining warrant values. Management highlighted improved operational efficiency and strategic cost discipline whilst monitoring energy price fluctuations as potential repayment headwinds.
OppFi, a tech-enabled digital finance platform, reported record annual revenue of $597 million for 2025, up 13.5% year over year. Net income increased 74.4% to $146.2 million, whilst adjusted net income rose 69.1% to $139.8 million. The Chicago-based company, which partners with banks to offer financial products to underserved Americans, achieved diluted earnings per share of $0.99, up from $0.36 in 2024. Adjusted EPS reached a record $1.59, up 66.6% year over year. OppFi ended 2025 with record receivables of $493.1 million and total net originations of $899.3 million. The company repurchased 1.5 million shares for $15.5 million during the year. For 2026, OppFi projects revenue of $650 million to $675 million and adjusted net income of $153 million to $160 million.
SoFi Technologies has expanded its offerings with blockchain-based payment services, including SoFi Pay for international transfers and a USD stablecoin. The company relaunched crypto trading and introduced SoFi Coach, an AI-powered financial insights tool, alongside the SoFi Smart Card for rewards and credit-building. Since acquiring Galileo Financial Technologies in 2020, SoFi has strengthened its fintech infrastructure, enabling faster innovation and tighter control over customer experience. This vertical integration creates operational advantages across digital banking and lending. OppFi has achieved significant profitability gains through its AI-driven underwriting Model 6, delivering 136.9% year-over-year net income growth in Q3 2025 despite modest 13.5% revenue growth. Its 79.1% auto-approval rate reduced manual underwriting costs whilst improving credit quality. The Zacks Consensus Estimate projects 36.8% revenue growth for SoFi in 2025, compared with 13.6% for OppFi.
OppFi Inc. (NYSE:OPFI) ("OppFi" or the "Company"), a tech-enabled digital finance platform that partners with banks to offer financial products and services to everyday Americans, today announced that it has closed a new $150 million revolving credit facility among one of its subsidiaries and funds managed by Castlelake L.P., replacing a prior facility. The new facility has a four-year term and represents a significant improvement in financing costs, with a reduction in the interest rate from SO
U.S. consumers hold a record $1.2 trillion in credit card debt. Right now, households are in a holding pattern, where the growth in card balances has been muted, and a spending pullback has begun in the face of tariffs and trade wars. PYMNTS Intelligence has found that 67% of the U.S. population lives paycheck to paycheck, so credit can be a vital lifeline towards meeting everyday expenses. Through the past three years, as inflation spiked to near double digits and FICO scores have remained lofty (averaging north of 700), there’s still a wide swath of the population — 60 million individuals, 15 million of whom are unbanked and 45 million are underbanked — that remains shut out from the traditional channels of financial services
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About OppFi
Industries
Fintech
Financial Services
Company Size
201-500
Company Stage
IPO
Headquarters
Chicago, Illinois
Founded
2012
OppFi is Hiring for 2 Jobs on Simplify!
Find jobs on Simplify and start your career today