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Oportun Signs Definitive Agreement to Sell Credit Card Portfolio to Continental Finance

Sep 25, 2024

Contract Type

agreement

San MateoFinancial ServicesFinanceFintechLendingBanking

Description

Oportun has signed a definitive agreement to sell its credit card portfolio to Continental Finance, a leading U.S. credit card marketer and servicer. The transaction reflects Oportun’s commitment to streamline its business and focus on its core product lines, aiming to enhance shareholder value.

Company Information

Company

Oportun

Location

2 Circle Star Way

San Mateo, California, United States

About

Oportun (Nasdaq: OPRT) is a mission-driven financial services company that puts its members' financial goals within reach. With intelligent borrowing, savings, and budgeting capabilities, Oportun empowers members with the confidence to build a better financial future. Since inception, Oportun has provided more than $19.7 billion in responsible and affordable credit, saved its members over $2.4 billion in interest and fees, and helped its members save an average of more than $1,800 annually.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.