Oportun expands loan-as-a-service business with an addition
SAN CARLOS, Calif., October 25, 2021 (GLOBE NEWSWIRE) – Oportun (Nasdaq: OPRT), an AI-driven fintech that provides hard workers with responsible, affordable and credit-generating alternatives to payday loans and auto titles , today announced the expansion of its Loan 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 clients can now apply for loans created, funded and managed by Oportun. The partnership allows Oportun loans to gradually become available at over 200 Barri stores across Texas and, over time, expand to Barri’s locations in other states.
For more information, please visit https://oportun.com
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.
Barri is a licensed Texas-based 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 at its website or by downloading the Barri Money Transfer app from Google Play or Android’s iOS App Store.
For more information, please visit www.barri.com.