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About OneMain Financial
Industries
Financial Services
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Baltimore, Maryland
Founded
1912
Overview
OneMain Financial provides personal loans to individuals, particularly those who may not qualify for traditional banking services due to lower credit scores or financial challenges. The company offers both secured loans, which require collateral like a car or home, and unsecured loans that do not. This variety allows OneMain to meet diverse financial needs, such as debt consolidation and home improvements. Revenue is generated through interest and fees on loans, and the company also utilizes a securitization platform called Springleaf Funding Trust to bundle and sell loans as securities, ensuring a steady flow of capital for further lending. OneMain distinguishes itself by focusing on customer-centric solutions, offering personalized financial support through its extensive branch network and online resources. The goal of OneMain Financial is to provide accessible financial solutions to clients across the United States.
Simplify's Take
What believers are saying
- Increased investor interest in securitization boosts OneMain's capital-raising opportunities.
- Focus on digital lending platforms expands OneMain's reach and operational efficiency.
- AI in credit scoring offers more accurate assessments, potentially reducing default rates.
What critics are saying
- Competition from fintechs with lower rates could erode OneMain's market share.
- Rising interest rates may increase borrowing costs, reducing loan demand.
- Potential regulatory changes could impose stricter compliance on nonprime lending practices.
What makes OneMain Financial unique
- OneMain specializes in personal loans for nonprime customers, a niche market.
- The company offers both secured and unsecured loans, providing flexibility to borrowers.
- OneMain's Springleaf Funding Trust securitization platform enhances its capital-raising capabilities.
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Funding
Total Funding
$7700M
Above
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, March 17, 2025 /PRNewswire/ -- OneMain Financial, the leader in offering nonprime customers responsible access to credit, today announced that Andrew D. Macdonald was elected to its Board of Directors, effective immediately. Macdonald is the CEO of Consilio LLC, a global provider of legal technology solutions and enterprise legal services, including patented electronic discovery and risk management technology that empowers corporations and multinational law firms involved in investigations, regulatory reviews, litigation, and arbitration."We are delighted to welcome Andy to our Board," said Doug Shulman, Chairman and CEO of OneMain. "He has built and sold multiple companies and has a long track record of identifying and realizing significant revenue, profitability and growth opportunities. He has consistently used technology and data science to drive successful business performance. I look forward to working together to advance our mission of improving the financial well-being of hardworking Americans."Macdonald has been the CEO of Consilio since 2012
William Blair Investment Management LLC makes new $46.20 million Investment in OneMain Holdings, Inc. (NYSE:OMF).
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
OneMain Financial is Hiring for 386 Jobs on Simplify!
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Software Engineering
13 Open Roles
IT & Security
6 Open Roles
Data & Analytics
4 Open Roles
DevOps & Infrastructure
4 Open Roles
Engineering Management
3 Open Roles
AI & Machine Learning
2 Open Roles
QA & Testing
1 Open Roles
Sales & Solution Engineering
1 Open Roles
Quantitative Finance
1 Open Roles
Sales & Account Management
277 Open Roles
Finance & Banking
32 Open Roles
Product
8 Open Roles
Business & Strategy
7 Open Roles
Accounting
6 Open Roles
Operations & Logistics
4 Open Roles
Consulting
2 Open Roles
Growth & Marketing
1 Open Roles
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About OneMain Financial
Industries
Financial Services
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Baltimore, Maryland
Founded
1912
OneMain Financial is Hiring for 386 Jobs on Simplify!
Find jobs on Simplify and start your career today
Software Engineering
13 Open Roles
IT & Security
6 Open Roles
Data & Analytics
4 Open Roles
DevOps & Infrastructure
4 Open Roles
Engineering Management
3 Open Roles
AI & Machine Learning
2 Open Roles
QA & Testing
1 Open Roles
Sales & Solution Engineering
1 Open Roles
Quantitative Finance
1 Open Roles
Sales & Account Management
277 Open Roles
Finance & Banking
32 Open Roles
Product
8 Open Roles
Business & Strategy
7 Open Roles
Accounting
6 Open Roles
Operations & Logistics
4 Open Roles
Consulting
2 Open Roles
Growth & Marketing
1 Open Roles
People Also Viewed
Discover companies similar to OneMain Financial