Oppfi Inc. Announces Executive Changes, Effective December 31, 2021
December 20, 2021 at 04:10 pm EST
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OppFi Inc. announced that its Board of Directors, led by Founder and Executive Chairman Todd Schwartz, has named Neville Crawley, currently the companys President, to succeed Jared Kaplan as Chief Executive Officer of OppFi, effective December 31, 2021. Crawleys selection is the culmination of a leadership and succession planning process led by the Board. Kaplan will remain a member of the Board of Directors and in an executive advisory role for the company. Crawley will also serve as a member of the Board of Directors. Kaplan joined OppFi in 2015 as CEO. He led the company through a high growth period as OppLoans, transitioned the company to become OppFi, a multi-product fintech platform, and expanded credit access to the 150 million consumers who are locked out of mainstream options. Kaplan took the company public in July of 2021 through a business combination with the special purpose acquisition corporation (SPAC) FG New America Acquisition Corp. Under Kaplans leadership, OppFi has been named an Inc. 5000 company for five straight years, a four-time Deloitte's Technology Fast 500, and the seventh fastest-growing company in Chicagoland in 2021 by Crain's Chicago Business. Most recently, the company was listed on the Forbes America 2021 list of America's Best Startup Employers and Built In's 2021 Best Places to Work in Chicago.
OppFi Inc. provides a tech-enabled, mission-driven specialty finance platform that broadens the reach of community banks to extend credit access to everyday Americans. The Companyâs platform powers banks to offer accessible lending products through its proprietary technology. Its specialty finance platform focuses on helping these consumers rebuilds their financial health. Its platform provides customer experience in the industry and powers banks to offer credit products. Its primary product is offered by its OppLoans platform. The OppFi platform is a mobile-optimized online application where eligible applicants, at their request, are able to opt into the OppFi TurnUp Program. This program helps these applicants find more affordable credit options by checking the market voluntarily. It also services customers for its SalaryTap products. SalaryTap is a payroll deduction secured installment loan product.