Oportun expands the loan as a service company with an addition

SAN CARLOS, Calif., Oct. 25, 2021 (GLOBE NEWSWIRE) — Oportun (Nasdaq: OPRT), an AI-driven fintech that offers hard workers responsible, affordable and credit-generating alternatives to payday loans and loans on automotive title, today announced the expansion of its lending as a service (LaaS) business with the addition of its new strategic partner, Barri Financial Group (Barri).

Already available in a handful of Barri locations, Barri customers can now apply for loans that are originated, funded and managed by Oportun. The partnership allows Oportun Loans to be gradually made available at more than 200 Barri stores across Texas and, over time, to expand to Barri locations in other states.

For more information, please visit https://oportun.com

About Opportun
Oportun (Nasdaq: OPRT) is a financial services company that leverages its digital platform to provide responsible consumer credit to hard-working people. Using AI-powered models that draw on 15 years of proprietary customer insights and billions of unique data points, Oportun has granted over 4.3 million loans and over 10.5 billion dollars of 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 Barry
Barri is a Texas-based licensed money transfer company with over 35 years of experience and a presence in over 40 states. Barri services are available to customers at more than 250 company-operated stores, 2,000 branches and online on its website or by downloading the Barri Money Transfer app in Google Play or Android’s iOS App Store.

For more information, visit www.barri.com.

Media Contact
Georges González
[email protected]

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