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OPORTUN FINANCIAL CORPORATION

(OPRT)
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Oportun Financial : Expands Lending as a Service Business witháAddition of Barri Financial Group as New Strategic Partner

10/25/2021 | 04:06pm EST

SAN CARLOS, Calif., Oct. 25, 2021 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), an A.I.-driven fintech that provides hardworking people with responsible, affordable, and credit-building alternatives to payday and auto title loans, 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 serviced by Oportun. The partnership enables Oportun loans to gradually be made available in over 200 Barri store locations across Texas, and over time, to extend to Barri’s locations in other states.

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

About Oportun
Oportun (Nasdaq: OPRT) is a financial services company that leverages its digital platform to provide responsible consumer credit to hardworking people. Using A.I.-driven models that are built on 15 years of proprietary customer insights and billions of unique data points, Oportun has extended more than 4.3 million loans and over $10.5 billion in affordable credit, providing its customers with alternatives to payday and auto title loans. In recognition of its responsibly designed products which help consumers build their credit history, Oportun has been certified as a Community Development Financial Institution (CDFI) since 2009.

About Barri
Barri is a Texas based licensed money remittance company with over 35 years of experience and presence in over 40 states. Barri services are available to customers in over 250 company-operated stores, 2,000 agent locations and online on its website or by downloading the Barri Money Transfer app in Android’s Google Play or iOS App Store.

For more information, please visit www.barri.com.

Media Contact
George Gonzalez
650-769-0441
george.gonzalez@oportun.com


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Financials (USD)
Sales 2021 617 M - -
Net income 2021 52,1 M - -
Net Debt 2021 - - -
P/E ratio 2021 10,9x
Yield 2021 -
Capitalization 537 M 537 M -
Capi. / Sales 2021 0,87x
Capi. / Sales 2022 0,66x
Nbr of Employees 2 937
Free-Float -
Chart OPORTUN FINANCIAL CORPORATION
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 6
Last Close Price 18,90 $
Average target price 27,00 $
Spread / Average Target 42,9%
EPS Revisions
Managers and Directors
Raul Vazquez President, Chief Executive Officer & Director
Jonathan Aaron Coblentz CFO, Treasurer & Chief Administrative Officer
Matthew Jenkins Chief Operations Officer & GM-Personal Loans
R. Neil Williams Independent Director
David N. Strohm Independent Director
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