OppFi - FinTecBuzz

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FinTecBuzz

by BusinessWire

OppFi Expands Bank Credit Facility to Support Growth of SalaryTap

OppFi Expands Bank Credit Facility to Support Growth of SalaryTap

October 6, 20213 min

OppFi Inc. (NYSE: OPFI) (“OppFi”), a leading financial technology platform that powers banks to help everyday consumers gain access to credit, announced today that it has expanded its existing $25 million bank credit facility to $45 million. OppFi plans to use the expanded facility in part to support the growth and expansion of its SalaryTap product, an employer payroll-linked loan product, that is available in 33 states. “This expanded facility is an important financial milestone...

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