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Oportun (OPRT) wins the 'Best Use of AI in FinTech' award at the 2024 FinTech Breakthrough Awards for its innovative AI-powered financial solutions. The company has been honored multiple times for its consumer lending products and services, showcasing its commitment to financial inclusion and empowerment.
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Mission-driven fintech recognized for innovative use of AI to advance financial health and inclusion
SAN CARLOS, Calif., March 18, 2024 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven fintech, has been named winner of the “Best Use of AI in FinTech” award as part of the 2024 FinTech Breakthrough Awards. Oportun has now been honored in back-to-back competitions and three out of the last six years by the prestigious program, including as “Best Consumer Lending Product” in 2019 and “Best Consumer Lending Company” in 2023.
Oportun was most recently recognized for its innovative use of artificial intelligence (AI) to help its 2.2 million members achieve their financial goals. Through the company’s AI-powered borrowing, saving, and budgeting capabilities, it has provided more than $17.8 billion in responsible and affordable credit, saved members more than $2.4 billion in interest and fees, and helped members set aside an average of $1,800 per year in personal savings.
“We are honored to be recognized once again by the FinTech Breakthrough Awards for our embrace and use of technology to positively impact the lives of our members,” said Raul Vazquez, CEO of Oportun. “Oportun is driven by a mission to empower our members to build a better future by holistically addressing two fundamental obstacles to financial resilience: adequate savings and access to responsible credit when needed.”
The FinTech Breakthrough Awards is the premier industry awards program, founded to recognize the FinTech innovators, leaders and visionaries from around the world. The 2024 FinTech Breakthrough Awards program attracted more than 4,000 nominations from across the globe.
About Oportun Oportun (Nasdaq: OPRT) is a mission-driven fintech that puts its 2.2 million members' financial goals within reach. With intelligent borrowing, savings, and budgeting capabilities, Oportun empowers members with the confidence to build a better financial future. Since inception, Oportun has provided more than $17.8 billion in responsible and affordable credit, saved its members more than $2.4 billion in interest and fees, and helped its members save an average of more than $1,800 annually. For more information, visit Oportun.com.
FAQ
What award did Oportun (OPRT) win at the 2024 FinTech Breakthrough Awards?
Oportun won the 'Best Use of AI in FinTech' award at the 2024 FinTech Breakthrough Awards.
How many times has Oportun (OPRT) been recognized by the FinTech Breakthrough Awards?
Oportun has been honored three times in the last six years by the FinTech Breakthrough Awards.
What is the total amount of responsible and affordable credit provided by Oportun (OPRT) through its AI-powered capabilities?
Oportun has provided more than $17.8 billion in responsible and affordable credit through its AI-powered capabilities.
How much money has Oportun (OPRT) saved its members in interest and fees?
Oportun has saved its members more than $2.4 billion in interest and fees.
What is the average amount of personal savings set aside by members of Oportun (OPRT) per year?
Members of Oportun set aside an average of $1,800 per year in personal savings.
oportun was formerly known as progreso financiero. only the name has changed. we continue our commitment to our mission: to provide responsible, affordable loans that help the underserved hispanic community establish credit and build a better future. oportun’s advanced data analytics and technology determines every applicant’s ability to repay, including those who do not have credit, and enables back-office efficiency. the company delivers a very supportive and welcoming service experience with bilingual staff across channels and operates over 170 locations in ca, il, tx, ut and nv. why we do it: we are committed to providing affordable and responsible credit services to the hispanic community. it is estimated that 23 million hispanics in the united states have limited or no credit history. in fact, approximately half of the company’s first-time customers do not have a credit score at all. oportun reports performance of all loans to two of the credit bureaus and enables customers
