Oportun Financial Corporation Common Stock
OPRTOportun Financial Corporation (OPRT) is a financial services company that specializes in providing personal installment loans and financial products to underserved consumers. Founded in 2005, it aims to promote financial inclusion by offering affordable credit options to individuals who might not qualify for traditional banking services. The company operates primarily through physical branches and digital channels, emphasizing responsible lending and financial literacy.
Company News
Oportun reports a 30% increase in holiday savings for 2025, with members saving an average of $1,051 between January and September, indicating stronger financial preparedness for the holiday season.
Oportun has awarded scholarships to 25 students from California and Texas, supporting their undergraduate education in various STEM and finance-related fields. Each recipient receives financial support and access to a savings app.
Oportun has been recognized for the second consecutive year as one of the world's top fintech companies by CNBC, highlighting its innovative financial services that help members build better financial futures.
Oportun's Board of Directors will nominate two new members for election at the 2025 Annual Meeting, while two current directors will not stand for re-election. The Board will be reduced from ten to eight members, with a focus on maintaining strength, independence, and diversity.
Oportun's 2024 Holiday Savings Report shows that members have increased their holiday savings by over 30% compared to last year, with an average of $396 saved in summer 2024. Members have also withdrawn an average of $325 from their holiday savings to fund their holiday spending, demonstrating the effectiveness of Oportun's Set & Save product in ...
