Welcome to our dedicated page for OppFi news (Ticker: OPFI), a resource for investors and traders seeking the latest updates and insights on OppFi stock.
OppFi Inc. reports news as a tech-enabled digital finance platform that works with banks to provide financial products and services for everyday Americans. Company updates commonly cover quarterly and annual operating results, revenue from installment and SalaryTap contracts, receivables balances, bank-partner credit products, and the OppLoans by OppFi consumer platform.
Recurring developments also include capital allocation through Class A common stock repurchases, financing and revolving credit arrangements tied to receivables, underwriting and risk-based pricing commentary, and OppFi's equity interest in Bitty Holdings, LLC, which offers revenue-based financing and other working-capital solutions to small businesses.
OppFi Inc. (NYSE: OPFI) has appointed Neville Crawley as President, enhancing its leadership team. Crawley, a former CEO of Kiva, will report to CEO Jared Kaplan and focus on technology and go-to-market strategies. His expertise aims to drive growth as the company transitions into a public firm after its recent merger with FG New America Acquisition Corp. Since its inception, OppFi has issued over 1.5 million loans, emphasizing financial inclusion for consumers often overlooked by traditional banks. This strategic hire aligns with OppFi's mission to boost accessible financial services.
OppFi will release its second-quarter financial results for the period ending June 30, 2021, on August 10, 2021, after market close. A conference call is scheduled for the same day at 5:30 PM ET, which will be accessible via their Investor Relations page. OppFi has facilitated over 1.5 million loans and has received notable accolades, including recognition from Inc. 5000 and Deloitte's Technology Fast 500™. The company holds an A+ rating from the BBB and a 4.8/5 star rating based on customer reviews.