Nationally ranked fintech ranks 7th in the 50
fasting growing companies in Chicagoland by Crain’s Chicago
Business
Opportunity Financial, LLC ("OppFi"), a leading financial
technology platform that powers banks to help everyday consumers
gain access to credit, announced today it has been named the 7th
fastest-growing Chicagoland company by Crain’s Chicago Business.
This is the third consecutive time OppFi has been named a Crain’s
Fast 50, ranking fourth in 2019 and eighth in 2020.
“Being named to this prestigious list for the third year is
truly a great honor. As a Chicago-based fintech, this recognition
holds extra meaning to us because it recognizes our dedication to
building a great place to work both in Chicagoland and virtually,”
said Jared Kaplan, chief executive officer, OppFi. “This is an
exciting time to be a part of OppFi. We are building the digital
financial services destination for the everyday consumer to deliver
upon our mission of expanding credit access and financial inclusion
for the millions who are locked out of traditional options.”
The company recently announced the national expansion of its
SalaryTap product, a payroll-linked small dollar loan product,
reaching 33 states with plans to further expand into 45 states in
the fourth quarter of 2021. In April, OppFi announced the OppFi
Card, a new mobile-first credit card designed to expand credit to
millions of consumers who are locked out of mainstream financial
products. OppFi plans to launch OppFi Card in the second half of
2021.
On February 9, 2021, OppFi and FG New America Acquisition Corp.
(NYSE: FGNA), a special purpose acquisition corporation, entered
into a definitive agreement for a business combination that would
result in OppFi becoming a public company.
In addition, OppFi has also collected an impressive number of
recent accolades including:
- An Inc. 5000 ranking of fastest-growing companies for five
consecutive years, including four times in the Inc. top 500
- Forbes America 2021 list of America's Best Startup
Employers
- Financial Times List of the Americas' Fastest-Growing
Companies
- A Deloitte's Technology Fast 500™
- Fintech Breakthrough Award for Best Lending Company
- Built In's 2021 Best Places to Work in Chicago
The company holds a 4.8/5 star rating with more than 14,000
online customer reviews, making it one of the top customer-rated
financial platforms online. OppFi also maintains an average Net
Promoter Score of 85, which is higher than many financial services
companies as well as top consumer brands.
The Crain’s Chicago Business Fast 50 list showcases the 50
fastest-growing companies in the Chicago area. The full Crain’s
Chicago Business Fast 50 list, which has been published every year
since 2007, is available online and in the most recent issue of
Crain’s Magazine.
About OppFi
OppFi is a leading financial technology platform that powers
banks to offer accessible products and a top-rated experience to
everyday consumers. Through its unwavering commitment to customer
service, OppFi helps consumers who are turned away by traditional
providers build a better financial path. To date, OppFi has
facilitated the issuance of more than 1.5 million loans. The
company is an Inc. 5000 company for five straight years, a
Deloitte's Technology Fast 500™, and the seventh fastest-growing
Chicagoland company by Crain's Chicago Business. The company was
also named on Forbes America 2021 list of America's Best Startup
Employers and Built In's 2021 Best Places to Work in Chicago. OppFi
maintains an A+ rating from the Better Business Bureau (BBB) and
maintains a 4.8/5 star rating with more than 14,000 online customer
reviews, making it one of the top customer-rated financial
platforms online. For more information, please visit oppfi.com.
About FGNA
FG New America Acquisition Corp., (NYSE: FGNA), is a NYSE-listed
blank check company formed for the purpose of effecting a merger,
capital stock exchange, asset acquisition, stock purchase,
reorganization or similar business combination with one or more
businesses. For more information, please visit
www.fgnewamerica.com.
Forward-Looking Statements
This information includes "forward-looking statements" within
the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. FGNA's and OppFi's actual
results may differ from their expectations, estimates and
projections and consequently, you should not rely on these
forward-looking statements as predictions of future events. Words
such as "expect," "estimate," "project," "budget," "forecast,"
"anticipate," "intend," "plan," "may," "will," "could," "should,"
"believes," "predicts," "potential," "continue," and similar
expressions are intended to identify such forward-looking
statements. These forward-looking statements include, without
limitation, OppFi's beliefs regarding the impact of the proposed
business combination on its business. These forward-looking
statements involve significant risks and uncertainties that could
cause the actual results to differ materially from the expected
results. Most of these factors are outside FGNA's and OppFi's
control and are difficult to predict. Factors that may cause such
differences include, but are not limited to: (1) the occurrence of
any event, change or other circumstances that could give rise to
the termination of the definitive business combination agreement
(the "Agreement"); (2) the outcome of any legal proceedings that
may be instituted against FGNA and OppFi following the announcement
of the Agreement and the transactions contemplated therein; (3) the
inability to complete the proposed business combination, including
due to failure to obtain approval of the stockholders of FGNA,
certain regulatory approvals or satisfy other conditions to closing
in the Agreement, including with respect to the levels of FGNA
stockholder redemptions; (4) the occurrence of any event, change or
other circumstance that could give rise to the termination of the
Agreement or could otherwise cause the transaction to fail to
close; (5) the impact of COVID-19 on OppFi's business and/or the
ability of the parties to complete the proposed business
combination; (6) the inability to obtain or maintain the listing of
the combined company's shares of common stock on the New York Stock
Exchange following the proposed business combination; (7) the risk
that the proposed business combination disrupts current plans and
operations as a result of the announcement and consummation of the
proposed business combination; (8) the ability to recognize the
anticipated benefits of the proposed business combination, which
may be affected by, among other things, competition, the ability of
OppFi to grow and manage growth profitably and retain its key
employees; (9) costs related to the proposed business combination;
(10) changes in applicable laws or regulations; (11) the
possibility that OppFi or FGNA may be adversely affected by other
economic, business, and/or competitive factors; (12) whether OppFi
will be successful in expanding SalaryTap, including whether there
will be consumer or market acceptance of SalaryTap Card; (13)
whether OppFi will be successful in launching OppFi Card; and (14)
other risks and uncertainties indicated from time to time in FGNA's
proxy statement relating to the proposed business combination,
including those under "Risk Factors" therein, and in FGNA's other
filings with the SEC. FGNA and OppFi caution that the foregoing
list of factors is not exclusive. FGNA and OppFi caution readers
not to place undue reliance upon any forward-looking statements,
which speak only as of the date made. FGNA and OppFi do not
undertake or accept any obligation or undertaking to release
publicly any updates or revisions to any forward-looking statements
to reflect any change in its expectations or any change in events,
conditions or circumstances on which any such statement is
based.
Important Information and Where to Find It
In connection with the proposed business combination, FGNA filed
a preliminary proxy statement and will file a definitive proxy
statement with the SEC. FGNA's stockholders and other interested
persons are advised to read the preliminary proxy statement and the
amendments thereto and, when available, the definitive proxy
statement and documents incorporated by reference therein filed in
connection with the proposed business combination, as these
materials contain important information about OppFi, FGNA and the
proposed business combination. When available, the definitive proxy
statement and other relevant materials for the proposed business
combination will be mailed to stockholders of FGNA as of a record
date to be established for voting on the proposed business
combination. Stockholders will also be able to obtain copies of the
preliminary proxy statement, the definitive proxy statement and
other documents filed with the SEC that will be incorporated by
reference therein, without charge, once available, at the SEC's web
site at www.sec.gov, or by directing a request to: FG New America
Acquisition Corp., Attention: Hassan Baqar, Chief Financial
Officer, 105 S. Maple Street, Itasca, Illinois 60143.
Participants in the Solicitation
FGNA and its directors and executive officers may be deemed
participants in the solicitation of proxies from FGNA's
stockholders with respect to the business combination. A list of
the names of those directors and executive officers and a
description of their interests in FGNA was filed in the preliminary
proxy statement for the proposed business combination and be
available at www.sec.gov. Additional information regarding the
interests of such participants will be contained in the definitive
proxy statement for the proposed business combination when
available.
OppFi and its directors and executive officers may also be
deemed to be participants in the solicitation of proxies from the
stockholders of FGNA in connection with the business combination. A
list of the names of such directors and executive officers and
information regarding their interests in the proposed business
combination was included in the preliminary proxy statement for the
proposed business combination. Additional information regarding the
interests of such participants will be contained in the definitive
proxy statement for the proposed business combination when
available.
Non-Solicitation
This press release shall not constitute a solicitation of a
proxy, consent or authorization with respect to any securities or
in respect of the proposed business combination. This press release
shall also not constitute an offer to sell or the solicitation of
an offer to buy any securities, nor shall there be any sale of
securities in any states or jurisdictions in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
No offering of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the Securities
Act of 1933, as amended.
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version on businesswire.com: https://www.businesswire.com/news/home/20210615005313/en/
OppFi Investor Relations: Investors@oppfi.com Media
Relations: Wendy Serafin, VP of Communications, media@oppfi.com
FGNA Investor Relations: info@fgnewamerica.com Media
Relations: media@fgnewamerica.com
FG New America Acquisition (NYSE:FGNA)
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FG New America Acquisition (NYSE:FGNA)
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