What is OppFi?
OppFi operates as a technology-driven specialty finance platform dedicated to expanding access to credit for everyday Americans by partnering with community banks. The company emphasizes best-in-class customer service, transparency, and responsible lending practices to foster financial inclusion. It serves consumers who are often overlooked by traditional financial institutions, aiming to help them build stronger financial health.
How much funding has OppFi raised?
OppFi has raised a total of $405M across 4 funding rounds:
Debt
$5M
Debt
$50M
Debt
$200M
Debt
$150M
Debt (2020): $5M with participation from PPP
Debt (2021): $50M led by Atalaya
Debt (2022): $200M supported by Atalaya
Debt (2022): $150M featuring Hudson Cove Capital Management and Castlelake
Key Investors in OppFi
Atalaya
Atalaya Capital Management is a privately held, SEC-registered, alternative investment advisory firm that purchases credit or asset-based investments through closed-end funds.
Castlelake
Castlelake, L.P. is a global alternative investment manager focused on investments in real assets, specialty finance and aviation, managing approximately $21 billion of assets.
Hudson Cove Capital Management
Hudson Cove Capital Management is an investment firm that participated in OppFi's recent funding round.
What's next for OppFi?
The recent major strategic investment signals OppFi's continued expansion and commitment to its mission. This capital is expected to fuel further technological development, enhance its service offerings, and broaden its reach within the underserved consumer market. The company's focus on partnering with community banks positions it uniquely to navigate regulatory landscapes while scaling its impact.
See full OppFi company page
