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About OneMain Financial
Industries
Financial Services
Company Size
5,001-10,000
Company Stage
IPO
Total Funding
N/A
Headquarters
Baltimore, Maryland
Founded
1912
Overview
OneMain Financial specializes in providing personal loans to individuals, especially those with lower credit scores who may not have access to traditional banking. The company offers both secured loans, which require collateral, and unsecured loans, catering to various financial needs like debt consolidation and home improvements. OneMain generates revenue through interest and fees on these loans and utilizes a securitization platform called Springleaf Funding Trust to bundle and sell loans as securities to investors. The goal of OneMain is to offer accessible financial solutions tailored to its customers through a strong branch network and online resources.
Simplify's Take
What believers are saying
- AI-driven credit scoring models can reduce default rates and improve loan approvals.
- Partnership with Pagaya enhances OneMain's lending capabilities and market reach.
- Blockchain technology offers opportunities for secure and transparent loan processing.
What critics are saying
- Increased competition from fintechs could erode OneMain's market share.
- Rising interest rates may lead to higher default rates among nonprime borrowers.
- Regulatory scrutiny on high-interest loans could reduce profitability for OneMain.
What makes OneMain Financial unique
- OneMain specializes in serving nonprime consumers with limited access to traditional credit.
- The company offers both secured and unsecured loans, catering to diverse financial needs.
- OneMain's Springleaf Funding Trust securitization platform provides a steady capital stream.
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Funding
Total Funding
$0
Below
Industry Average
Funded Over
4 Rounds
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
401(k) Retirement Plan
401(k) Company Match
Employee Stock Purchase Plan
Tuition Reimbursement
Paid Vacation
Paid Sick Leave
Paid Holidays
Paid Volunteer Time
Company News
NEW YORK, Feb. 6, 2025 /PRNewswire/ -- OneMain Holdings, Inc. (NYSE: OMF), the leader in offering nonprime consumers responsible access to credit, announced today that Doug Shulman, Chairman and CEO, will present at the Bank of America Securities 2025 Financial Services Conference at 11:20 a.m. Eastern on Wednesday, February 12.Webcast InformationThe general public is invited to listen to the live audio webcast through the Investor Relations section of OneMain's website at http://investor.onemainfinancial.com .About OneMain Holdings, Inc.OneMain Financial (NYSE: OMF) is the leader in offering nonprime consumers responsible access to credit and is dedicated to improving the financial well-being of hardworking Americans. We empower our customers to solve today's problems and reach a better financial future through personalized solutions across 47 states, available online and in 1,300 locations. OneMain is committed to making a positive impact on the people and the communities we serve
4Q 2024 Diluted EPS of $1.05. 4Q 2024 CI adjusted diluted EPS of $1.16. 4Q 2024 Managed receivables of $24.7 billion
NEW YORK, Jan. 10, 2025 /PRNewswire/ -- OneMain Holdings, Inc. (NYSE: OMF), the leader in offering nonprime consumers responsible access to credit, plans to report its fourth quarter 2024 results before the market opens on Friday, January 31, 2025. The earnings release will be available on OneMain's investor relations website at http://investor.onemainfinancial.com .A conference call to discuss the company's results, outlook and related matters will be held that morning at 9:00 a.m. Eastern. The general public is invited to listen to the call by dialing 800-451-7724 (U.S
Range Financial Group LLC invests $1.85 million in OneMain Holdings, Inc. (NYSE:OMF).
Quantbot Technologies LP invests $2.57 million in OneMain Holdings, Inc. (NYSE:OMF).
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About OneMain Financial
Industries
Financial Services
Company Size
5,001-10,000
Company Stage
IPO
Total Funding
N/A
Headquarters
Baltimore, Maryland
Founded
1912
OneMain Financial is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today