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.
Company Size
201-500
Company Stage
IPO
Headquarters
Chicago, Illinois
Founded
2012
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