Oportun Named Best Consumer Lending Product by Fintech Breakthrough Awards
SAN CARLOS, CA – April 4, 2019 – This week, Oportun announced that it has been named “Best Consumer Lending Product” by FinTech Breakthrough, an independent organization that recognizes the top companies, technologies and products in the global FinTech market. The FinTech Breakthrough Awards showcase technologies and companies that drive innovation and exemplify the best in FinTech technology solutions across the globe.
“We are on a mission to provide inclusive and affordable financial services that empower our customers to build a better future,” said Raul Vazquez, Oportun CEO. “Through our innovative use of technology and data analytics we can help the 100 million individuals in the United States who are not well served by mainstream financial institutions because they do not have a credit score or are mis-scored by the credit bureaus. This recognition is an acknowledgment that our approach is working. We’ve lent over $6.4 billion in affordable loans through over 2.9 million loans, and have assisted over 700,000 people start establishing a credit score for the first time.”
In 2018, the mission-driven, technology-powered, Community Development Financial Institution (CDFI) was named a “Genius” Company by Time Magazine and recognized for being one of 50 businesses inventing the future.
About FinTech Breakthrough
The FinTech Breakthrough Awards program is the premier awards and recognition platform founded to recognize the FinTech innovators, leaders and visionaries from around the world in a range of categories, including Wealth Management, Personal Finance, Lending, Payments, Banking, Investments, RegTech, InsurTech and more. The 2018 FinTech Breakthrough Awards program attracted more than 3,000 nominations from across the globe.
All award nominations were evaluated by an independent panel of experts within the FinTech industry, with the winning products and companies selected based on a variety of considerations, including innovation, design and user-experience, as well as overall technological advancement for their respective categories.
Oportun is a mission-driven, technology-powered provider of inclusive, affordable financial services and a certified Community Development Financial Institution. By lending money to hardworking, low-to-moderate income individuals, Oportun helps them move forward in their lives, demonstrate their creditworthiness, and establish the credit history they need to access new opportunities. Oportun serves customers online, over the phone, and in-person in English and Spanish in the following 12 states: Arizona, California, Florida, Idaho, Illinois, Missouri, Nevada, New Jersey, New Mexico, Texas, Utah, and Wisconsin.
For more information on Oportun please visit oportun.com.