Oportun accelerates its national expansion | New

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SAN CARLOS, Calif., Oct. 06, 2021 (GLOBE NEWSWIRE) – Oportun (Nasdaq: OPRT), an AI-driven financial services and technology company that provides hard workers with access to responsible and affordable lending, has announced today that it is now able to offer personal loans to consumers in 33 states nationwide, up from 24 previously. The nine states added today as part of its expanding banking partnership with MetaBank, NA are Alabama, Alaska, Kansas, Louisiana, Michigan, North Carolina, Oklahoma, Tennessee and Vermont.

Additionally, the company announced that Opportunity’s secured personal loan product is now available in Texas, building on its existing markets in California and Florida.

“Our intention is to make Oportun available to consumers in all 50 states, using AI, alternative data and exceptional customer service to help millions of people access a better financial future,” said Raul Vazquez, CEO of Opportunity.

Over its 15-year history, Oportun has successfully provided over 4.3 million loans and $ 10.5 billion in credit, mostly in the form of small dollar loans, saving its clients over $ 1. $ 9 billion in interest and fees compared to other options typically available to people with little or no credit history. By reporting repayment performance to major credit bureaus, the company has also helped over 925,000 people begin to build credit histories.

For more information on Oportun, please visit Oportun.com.

Personal loans in AZ, CA, FL, ID, IL, MO, NJ, NM, TX, UT and WI are issued by Oportun, Inc. NV loans issued by Oportun, LLC Personal loans in AK, AL, AR, DE, IN, KS, KY, LA, MI, MS, MT, NC, ND, NH, OK, OR, SC, SD, TN, VA and VT are created by MetaBank®, NA, FDIC member.

About Oportun Oportun (Nasdaq: OPRT) is a financial services company that leverages its digital platform to deliver responsible consumer credit to hardworking people. Using AI-powered models that leverage 15 years of proprietary customer information and billions of unique data points, Oportun has made over 4.3 million loans and over $ 10.5 billion affordable credit, offering its customers alternatives to payday loans and auto titles. In recognition of its responsibly designed products that help consumers build their credit history, Oportun has been certified as a Community Development Financial Institution (CDFI) since 2009.

About MetaBank®, NA MetaBank®, NA, a national bank, is a subsidiary of Meta Financial Group, Inc.® (Nasdaq: CASH), a financial holding company based in South Dakota. MetaBank strives to remove barriers to financial access and promote economic mobility by working with third parties to deliver responsible, secure, and high-quality financial products that contribute to the social and economic benefits of communities at the heart of the world. real economy. MetaBank strives to increase financial availability, choice and opportunity for all. Additional information can be found by visiting www.metafinancialgroup.com.

Media Contact George Gonzalez 650-769-0441 [email protected]

A photo accompanying this announcement is available on https://www.globenewswire.com/NewsRoom/AttachmentNg/525e5312-85ef-404b-b076-a1e305b554f1

Copyright 2021 GlobeNewswire, Inc.


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