Oportun Financial Corp (NASDAQ: OPRT)

Oportun Financial Corporation is a mission-driven financial services company that provides intelligent borrowing savings and budgeting capabilities to help members build a better financial future. The company operates primarily in the consumer lending industry offering unsecured and secured personal loans as well as automated savings products through its Set & Save platform. Oportun serves members through its mobile app website phone channels and a network of retail locations and Lending as a Service partner locations. The company has extended more than $21.3 billion in responsible credit through over 7.9 million loans and credit cards since its inception and has been certified as a Community Development Financial Institution by the U. S. Department of the Treasury since 2009.

Oportun generates revenue primarily through interest income on its loan portfolio which includes unsecured and secured personal loans. The company also earns non-interest income from fees related to its Pathward partnership program interest earned on its Set & Save product subscription revenue and other service fees. Revenue is derived from originating loans to members who access products via digital channels retail locations and partner networks. Interest income represents the largest portion of total revenue driven by the weighted average annual percentage rate on outstanding loan balances. Non-interest income supports revenue diversification through ancillary financial services and partnerships.

The company operates through the following segments: Unsecured Personal Loans Secured Personal Loans Set & Save Savings and Lending as a Service.

• Unsecured Personal Loans segment offers simple-to-understand affordable fully amortizing installment loans with fixed payments and fixed interest rates ranging from 300 to 10000 dollars with terms of 12 to 54 months and no prepayment penalties or balloon payments. The segment verifies income for all applicants and approves loans based on ability-to-pay criteria. As of September 30 2025 unsecured personal loans were originated in 2 states through state licenses and in 39 states through partnership with Pathward N. A.

• Secured Personal Loans segment provides personal installment loans secured by an automobile ranging from 2525 to 18500 dollars with terms from 24 to 64 months. The segment evaluates collateral value verifies income and approves loans based on ability-to-pay criteria. As of September 30 2025 secured personal loans were offered in 8 states with expansion underway into other states.

• Set & Save Savings segment uses machine learning to analyze member transaction activity and forecast future cash flows to make small frequent savings decisions aligned with financial goals. Members link their bank accounts to the platform which helps them save toward goals effortlessly. Since 2015 the product has helped members save more than 12.2 billion dollars with an average annual savings of over 1800 dollars per member. The funds in these savings accounts are owned by members and not assets of the Company.

• Lending as a Service segment leverages the company’s proprietary credit scoring and underwriting model to partner with consumer brands such as DolFinTech and Western Union. Through this model Oportun originates underwrites and services loans for partners while offering a true Oportun service experience via phone online or retail channels. The program enables faster lead-to-market time and expands the member base while maintaining service quality.

Oportun Financial Corporation is positioned as a mission-driven lender focused on underserved consumers in the United States. The company differentiates itself through its CDFI certification responsible lending practices and holistic approach to financial health. It competes with other consumer finance companies fintech lenders and traditional banks offering personal loans and savings products. Competitive advantages include its proprietary credit risk models long-standing member relationships and ability to serve customers across multiple channels including retail and digital platforms.

The company serves primarily individuals seeking access to credit and savings tools particularly those who may be underserved by traditional financial institutions. Oportun’s member base includes consumers across various demographics who use its mobile app website phone channels retail locations and partner networks to access financial products. Specific customer names are not disclosed in the filing but the company references partnerships with entities such as DolFinTech and Western Union in its Lending as a Service program.