Oportun secures a new $247 million warehouse facility with Citizens Financial Group and Community Investment Management, enhancing its capital structure and reducing financing costs.
PUBLIC · OPRTOct 14, 2025
Amount Raised
$247 Million
Round Type
Venture
San MateoFinancial ServicesFinanceFintechLendingBanking
Investors
Citizens Financial Group, Inc.JefferiesGoldman SachsCommunity Investment ManagementCitizens Financial Group
Description
Oportun announces a new $247 million warehouse facility and the extension of terms with existing lenders. The company proactively paid down $17.5 million of higher cost corporate debt, improving its financial standing. These moves are aimed at reducing financing costs and strengthening their balance sheet. Oportun continues to focus on providing affordable credit to qualified borrowers.
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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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San MateoFinancial ServicesFinanceFintechLendingBanking