OppFi (NYSE: OPFI) is a financial technology company that provides digital lending and credit solutions designed to meet the needs of near-prime consumers in the United States. Through its technology-driven platform, OppFi offers unsecured installment loans under the OppLoans brand, allowing borrowers to access credit online or via mobile devices. The company leverages proprietary data analytics and machine learning models to assess credit risk, streamline underwriting processes and deliver personalized loan products with transparent terms.
Headquartered in Chicago, Illinois, OppFi was founded in 2013 with a mission to increase financial inclusion for underserved and underbanked populations. The company partners with banks and community financial institutions, enabling them to expand their lending capabilities while maintaining regulatory compliance. OppFi’s platform also integrates digital tools for budgeting and credit monitoring, helping customers manage their debt and improve their overall financial health.
In May 2020, OppFi became a publicly traded company on the New York Stock Exchange through a business combination with a special purpose acquisition company. Under the leadership of CEO Kenny Sigler, OppFi has focused on scaling its technology infrastructure, enhancing customer experience and broadening its suite of products. The management team brings expertise in consumer finance, risk management and digital transformation.
Serving customers across all 50 states, OppFi continues to refine its credit models and expand its partnerships with financial institutions. The company’s strategic priorities include deepening its reach into the near-prime segment, developing new lending solutions and leveraging data-driven insights to drive responsible growth in the evolving fintech landscape.
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