Oportun Financial Corporation - common stock (OPRT)
Frequently Asked Questions About Oportun Financial Corporation - common stock (OPRT)
Does Oportun have a mobile app?
Yes, Oportun offers a mobile app that enables customers to manage their loans, make payments, and access financial resources conveniently from their mobile devices. The app features user-friendly navigation, making it easier for borrowers to interact with the company and stay informed about their financial standing.
Does Oportun provide financial education?
Yes, Oportun is committed to promoting financial literacy among its customers. The company offers resources and tools that educate borrowers about personal finance, credit building, and responsible borrowing, aiming to empower individuals to make informed financial decisions.
How can I invest in Oportun?
Individuals interested in investing in Oportun can do so by purchasing shares through a brokerage account, as the company is publicly traded on the Nasdaq under the ticker OPRT. Potential investors should conduct thorough research and consider their investment goals before making any financial decisions.
How does Oportun assess loan applicants?
Oportun uses a proprietary credit model that considers various factors beyond traditional credit scores. This assessment process is designed to evaluate the applicant's creditworthiness fairly, allowing individuals with diverse financial backgrounds an opportunity to secure loans.
How does Oportun handle customer service?
Oportun places a strong emphasis on customer service, providing various channels through which customers can seek assistance. This includes in-person consultations at branches, as well as telephone and online support to ensure borrowers’ inquiries and concerns are addressed promptly.
How does Oportun manage risk?
Oportun manages risk by employing its proprietary credit assessment model to evaluate borrowers' creditworthiness and predict their likelihood of repayment. Additionally, the company continuously monitors financial performance and employs sound underwriting practices to mitigate potential losses.
Is Oportun involved in social impact initiatives?
Yes, Oportun actively engages in social impact initiatives that focus on enhancing financial inclusion and supporting local communities. The company often collaborates with community organizations and participates in outreach programs designed to educate individuals on financial management and credit building.
Is Oportun publicly traded?
Yes, Oportun Financial Corporation is publicly traded on the Nasdaq stock exchange under the ticker symbol OPRT. The company went public in 2019, allowing investors to participate in its growth as it continues to serve its clientele.
What are the benefits of using Oportun's services?
The benefits of using Oportun include accessible loan options, transparent terms, and a focus on helping clients build or improve their credit scores. Additionally, Oportun's offerings often come with lower interest rates compared to other alternative lending options, making them a more affordable choice for consumers.
What awards or recognitions has Oportun received?
Oportun has been recognized for its commitment to financial innovation and social responsibility, receiving various awards and accolades from industry organizations and advocacy groups. These recognitions highlight the company's role in enhancing financial access and its positive impact on underserved communities.
What challenges does Oportun face?
Oportun faces several challenges, including competitive pressures from traditional lenders and new fintech entrants, regulatory scrutiny, and the need to adapt to changing market conditions. The company continuously evaluates these challenges to implement strategies that sustain its growth and maintain its market position.
What does Oportun Financial Corporation do?
Oportun Financial Corporation, often referred to as Oportun, is a financial services company that provides affordable personal loans to consumers, primarily focusing on individuals who may not have access to traditional banking services or credit options. The company aims to empower underserved communities by offering transparent terms and competitive rates, with a mission to improve financial health and provide opportunities for better financial choices.
What is Oportun's mission?
Oportun's mission is to provide accessible banking services to those lacking traditional financial options, thereby promoting financial inclusion. The company aims to help customers improve their credit scores and achieve better financial health, ultimately making a positive impact on their lives.
What is the company's growth strategy?
Oportun's growth strategy involves expanding its product offerings, enhancing technology for a better customer experience, and increasing its footprint in underserved markets. This approach allows the company to reach more consumers who need financial support while maintaining a robust and sustainable business model.
What regulations does Oportun comply with?
As a financial services provider, Oportun is subject to various federal and state regulations aimed at protecting consumers. The company adheres to lending laws, consumer protection regulations, and compliance standards to ensure responsible lending practices while safeguarding customer rights.
What types of loans does Oportun offer?
Oportun offers a variety of personal loans, primarily unsecured installment loans that range from a few hundred to several thousand dollars. The loans are designed to be affordable and are offered to customers with different credit histories, making them accessible for those who may have had difficulty obtaining financing elsewhere.
When was Oportun founded?
Oportun was founded in 2006, focusing on serving the financial needs of underbanked consumers in the United States. Over the years, Oportun has grown significantly, expanding its services and product offerings while maintaining its commitment to providing accessible financial solutions.
Where is Oportun headquartered?
Oportun is headquartered in San Carlos, California. This location serves as the central hub for its operations, helping the company manage its nationwide branches and online services while engaging with local communities to better meet their financial needs.
Who are Oportun's target customers?
Oportun targets consumers who have limited access to conventional banking products and services, particularly those with little or no credit history. This focus on the underserved allows Oportun to fill a market gap where traditional financial institutions may not adequately serve their needs.
What is the current price of Oportun Financial Corporation - common stock?
The current price of Oportun Financial Corporation - common stock is 6.400
When was Oportun Financial Corporation - common stock last traded?
The last trade of Oportun Financial Corporation - common stock was at 4:00 pm EDT on May 22nd, 2025
What is the market capitalization of Oportun Financial Corporation - common stock?
The market capitalization of Oportun Financial Corporation - common stock is 179.50M
How many shares of Oportun Financial Corporation - common stock are outstanding?
Oportun Financial Corporation - common stock has 28.05M shares outstanding.