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Oportun Closes Partnership for $187.5 Million Committed Warehouse Facility
Apr 02, 2025
Contract Type
partnership
San MateoFinancial ServicesFinanceFintechLendingBanking
Description
Oportun announced the closing of a new warehouse facility in partnership with Natixis and Neuberger Berman, increasing Oportun’s warehouse capacity with a diversified group of lenders. This committed financing will support Oportun’s responsible growth in the years ahead.
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.