SAN CARLOS, Calif., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven financial services company, today announced that it has closed the previously agreed upon sale of its credit card portfolio to Continental Finance. Completing the transaction reflects a key milestone towards Oportun’s initiative to enhance profitability in 2024 and beyond by simplifying the business and driving performance in its three core products: unsecured personal loans, secured personal loans, and its award- ...

Oportun Financial Corporation (NASDAQ: OPRT ) is a financial services company offering personal lending and savings services, mainly targeting people with thin or no credit files, underserved by the traditional banking system. The company is trying to escape Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in OPR ...

SAN CARLOS, Calif., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT) ("Oportun", or the "Company"), a mission-driven financial services company, announced today another important step in its plans to optimize the Company's capital structure and drive improved profitability. Following an extensive review of a range of alternatives led by the Board of Directors, Oportun has entered into a Credit Agreement to refinance its existing corporate financing facility with a new $235 million Senior Secured Ter ...

SAN CARLOS, Calif., Sept. 25, 2024 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven financial services company, today announced that it has signed a definitive agreement to sell its credit card portfolio to Continental Finance. This transaction reflects a key milestone towards Oportun's initiative to enhance profitability in 2024 and beyond by simplifying the business and driving performance in its three core products: unsecured personal loans, secured personal loans, and its award-winning Set & ...

SAN CARLOS, Calif., Sept. 23, 2024 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven financial services company, today announced the closing of an amendment and extension to its long-term warehouse facility. Features of this facility include: $306 million total commitment Goldman Sachs as senior lender – and Jefferies, as mezzanine lender – both existing, longstanding lenders to Oportun A new two-year revolving period Collateralized by Oportun's unsecured and secured personal loan originations "T ...

SAN CARLOS, Calif., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven fintech, today announced that it will participate in the upcoming Sidoti September Virtual Investor Conference. Oportun's Chief Executive Officer, Raul Vazquez, and Chief Financial Officer & Chief Administrative Officer, Jonathan Coblentz, will present and participate in investor meetings at the conference. The presentation will begin at 2:30 pm ET on September 18th and can be accessed live at this link. A link t ...

SAN CARLOS, Calif., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven fintech, today announced the issuance of $223.25 million of fixed rate asset-backed notes secured by a pool of unsecured and secured installment loans. The offering included four classes of fixed rate notes: Class A, Class B, Class C, and Class D. KBRA rated all classes of notes, assigning ratings of AA-, A-, BBB-, and BB-, respectively. Jefferies served as the sole structuring agent and sole bookrunner while Deut ...

SAN CARLOS, Calif., Aug. 26, 2024 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT) today announced that it has been awarded a Top Workplaces 2024 honor by San Francisco Bay Area Top Workplaces. Oportun has been named a top place to work by regional or national publications in each of the last nine years. "We are proud to have been recognized as a top place to work for nine years running," said Raul Vazquez, CEO of Oportun. "It is especially rewarding that these programs are based on employee feedback. We are rele ...

Oportun Financial Corporation (NASDAQ:OPRT) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Dorian Hare – Investor Relations Raul Vazquez – Chief Executive Officer Jonathan Coblentz – Chief Financial Officer and Chief Administrative Officer Conference Call Participants John Hecht – Jefferies Hal Goetsch – B. Riley Securities Operator Greetings. Welcome to Oportun Financial’s Second Quarter 2024 Results. A this time all participants are in a listen-only mode. [Operator Instruc ...

1 2Q 2024 Earnings Presentation August 8, 2024 Forward-looking statements This presentation and the accompanying oral presentation contain forward-looking statements. All statements other than statements of historical fact contained in this presentation and the accompanying oral presentation, including statements as to future performance, results of operations and financial position; statements related to the effectiveness of the Company's cost reduction measures and the impacts on the Company's business; a ...