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Oportun Closes Partnership for $187.5 Million Committed Warehouse Facility

Apr 02, 2025about 1 year ago

Contract Type

partnership

San CarlosFinance

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 Carlos, 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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