Press Releases

Rubin brings strong bipartisan partnership to elevate consumer credit access policy awareness and education across the aisle   CHICAGO, February 4, 2021 — OppLoans, a leading financial technology platform that serves middle income, credit challenged consumers, has announced that Joseph Rubin will join the company as head of public affairs...

Company was also recognized as a top 20 Company with the Best Benefits in Chicago, a further testament to its commitment to the employee experience   CHICAGO, January 11, 2021 – OppLoans, a leading financial technology platform that powers banks to help middle income, credit-challenged consumers gain access to credit,...

The LendingTree award is based on quantity and quality of consumer reviews, driven by OppLoans’ customer-focused mission   CHICAGO, December 2, 2020 – OppLoans, a leading financial technology platform that powers banks to help middle-income, credit-challenged consumers gain access to credit, announced winning the LendingTree Customer Satisfaction Award for three...

Company continues its focus on building a better financial path for credit-challenged, middle income consumers through its top-rated, industry leading financial platform   CHICAGO, November 18, 2020 – OppLoans, a leading financial technology platform that powers banks to help middle-income, credit-challenged consumers gain access to credit, announced it ranked 138th...

These new, mission-aligned partnerships provide additional financial resources and support as part of a larger social impact strategy to help consumers build a better financial path forward   CHICAGO, October 21, 2020—OppLoans, a leading financial technology platform that powers banks to help middle-income, credit-challenged consumers gain access to credit, announced...

Bess brings new leadership and focus to further strengthen the company’s DEI efforts and support its overall mission of expanding financial inclusion   Chicago, September 15, 2020—OppLoans, a leading financial technology platform that serves middle income, credit challenged consumers, has announced that Michelle Y. Bess will join the company as...

The Chicago-based fintech firm ranked #539 on the prestigious annual list of America’s fastest growing companies Chicago, August 12, 2020—OppLoans, a leading financial technology platform that serves middle income, credit challenged consumers, ranked 539 on this year’s Inc. Magazine’s prestigious 5000 list of America’s fastest growing companies. This marks the...

Survey of credit-challenged Americans from OppLoans finds that a majority of respondents expect it to take at least 4 months to bounce back Chicago, July 6, 2020—According to a new survey from OppLoans, a vast majority – 72% – of credit-challenged Americans say they have experienced at least some form...

Guidance further supports the need for financial institutions to provide access to loans for the 60 million credit-challenged Americans, while protecting consumers Chicago, May 27, 2020—OppLoans, a leading financial technology platform that powers banks to serve middle income, credit-challenged consumers, applauds the release of the Interagency Lending Principles on small-dollar...

OppLoans Wins 2020 FinTech Breakthrough Awards For Best Consumer Lending Platform Prestigious awards program recognizes outstanding financial technology companies for their innovation and customer experience Chicago, March 11, 2020—OppLoans, a leading financial technology platform that serves middle income, credit challenged consumers, today announced that it was selected as the winner of the...

According to OppLoans, a leading fintech firm, only 7.8% of applicants qualify for sub-36% APR loans from a consortium of near-prime lenders Chicago, February 19, 2020—OppLoans, a leading financial technology platform that serves middle income, credit-challenged consumers, released its latest insights on sub-36% APR loan availability for non-prime consumers through...

Company continues to focus on building financial access and inclusion to underserved, credit challenged consumers. Chicago, November 7, 2019—OppLoans, a top-rated financial technology platform that serves middle income, credit challenged consumers, announced it ranked 91st on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications,...

The industry leading financing structure will strengthen OppLoans’ mission of expanding credit access to underserved consumers. Chicago, September 17, 2019 — OppLoans, a growing fintech and top rated direct-to-consumer online lending platform, announced today that it has secured its first bank-led asset-backed revolving credit facility. This facility structure will enable...

Fintech Firm OppLoans Named to Inc. 500 for Fourth Consecutive Year Chicago-based fintech firm placed #321 on Inc. magazine’s prestigious annual list of the fastest-growing U.S. companies Chicago, August 14, 2019—OppLoans, a leading fintech company, has been named to Inc. magazine’s prestigious 2019 Inc. 500 list for the fourth year in a...

Policy expert joins OppLoans to lead efforts to expand credit access for borrowers. Chicago, May 1, 2019 (GLOBE NEWSWIRE) — OppLoans, a leading socially responsible fintech firm, has appointed Kyle Williams to the new role of Head of Government Affairs. Williams is a seasoned policy executive with a background in...

Jared Kaplan, CEO of OppLoans, speaks to the reality of consumer lending today and his firm’s efforts to create a path to credit history for non-prime borrowers. Chicago, Feb. 12, 2019 (GLOBE NEWSWIRE) –Jared Kaplan, CEO of the rapidly growing financing platform OppLoans, has released an article addressing the phenomenal health...

Highly successful talent management leader joins fast-growing fintech firm. Chicago, Jan. 29, 2019 (GLOBE NEWSWIRE) — OppLoans, the nation’s leading socially responsible online lender, has announced the appointment of Karishma Patel Buford to the new role of Chief People Officer. Karishma is a deeply experienced human resource executive and psychologist....

New survey by fintech firm OppLoans discovers that Valentines are happy to receive less expensive gifts — but only if the presents are thoughtful. Chicago, Jan. 28, 2019 (GLOBE NEWSWIRE) — How can consumers save money on Valentine’s Day? Easy: buy a thoughtful present. In a new survey commissioned by...

The Chicago-based fintech firm is one of only 17 companies to appear twice on the prestigious list. Chicago, IL, Dec 15, 2018 (GLOBE NEWSWIRE) –Chicago-based fintech firm OppLoans has been honored with a Glassdoor Employees’ Choice Award, recognizing the best places to work in 2019. This marks the second year in...

The researchers at OppLoans surveyed over 1,700 grandparents nationwide to find out! Chicago, IL, Nov 27, 2018 (GLOBE NEWSWIRE) –Just in time for the 2018 holiday shopping season, fintech firm OppLoans has released a new nationwide study that examines grandparents’ holiday spending. Based on results from over 1,700 grandparents surveyed...

The socially responsible online lender attributes 1,500-percent revenue growth to a better product, rapid technology development and a best-in-class customer experience. Chicago, IL, Nov 21, 2018 (GLOBE NEWSWIRE) – OppLoans today announced it ranked number 86 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and...

New report ranks states according to risky credit card habits, finds 41 percent of Black Friday shoppers have suffered financial consequences from overspending. Chicago, IL, Nov 05, 2018 (GLOBE NEWSWIRE) – Are some states more likely to overspend on Black Friday than others? If credit card habits are any indication,...

According to new research from fintech firm OppLoans, the cost of U.S. bike-sharing programs varies wildly. Chicago, IL, Oct 17, 2018 (GLOBE NEWSWIRE) -As bike sharing programs grow more popular in cities worldwide, they can make for a cost-effective alternative to expensive car rentals and ride shares. But according to new...

Highly regarded compliance and regulatory expert joins rapidly growing firm. Chicago, IL, Sep 26, 2018 (GLOBE NEWSWIRE) – OppLoans, the nation’s leading socially responsible online lender, has announced the appointment of Stacee Hasenbalg to the role of Chief Compliance Officer. Ms. Hasenbalg has held positions in banking and financial services for...

How much do people spend and win in fantasy football—and what percentage of players pay fellow league members to help them cheat?! Chicago, IL, Aug 21, 2018 (GLOBE NEWSWIRE) -Fantasy football is a multi-billion dollar business, but a new survey from the finance experts at fintech firm OppLoans has found that it’s costing businesses...

Socially responsible online lender is the 340th fastest-growing company in the country. CHICAGO, IL, August 15, 2018—OppLoans, the nation’s leading online lender, is No. 340 on the 37th annual Inc. 5000, the most prestigious ranking of the nation’s fastest-growing private companies. In addition to the honor of the placement, OppLoans has the...

New survey by fintech firm OppLoans reveals that millennials and their parents often have different ideas about responsible spending. CHICAGO, IL/ August 08, 2018 – Should parents give their kids spending money in college? Possibly, but if they do, there’s a good chance they won’t get the full truth about...

New survey by fintech firm OppLoans shows the impact of bad credit on young people. CHICAGO—July 11, 2018—Are millennials too young to have bad credit? Definitely not. And it’s taking a toll. According to data from a new survey by the fintech firm OppLoans, a shocking 46 percent of millennials...

Kaplan was 8th highest-rated CEO on the prestigious list. CHICAGO—June 20, 2018—OppLoans CEO Jared Kaplan has won a Glassdoor Employees’ Choice Award honoring the Top CEOs in 2018 in the U.S. SMB category. Glassdoor, one of the world’s largest job and recruiting sites, released its annual report recognizing the Top CEOs, which highlights...

Whether they live in the South, the Midwest, the East Coast, or the West, more than half of American young people are planning to work this summer. CHICAGO—June 13, 2018—Are young people still holding down summer gigs? According to a recent survey from the finance experts at OppLoans, 63 percent of...

The socially responsible FinTech firm receives further recognition for employee satisfaction and positive workplace environment. CHICAGO, IL, May 30, 2018—Online lender and service provider OppLoans has been listed as one of the country’s 2018 Best Workplaces by Inc. Magazine. The award determination was based on employee survey results in areas like...

From $2,000 to $17,921, how much parents spend per child, per year is drastically different from state to state. CHICAGO—May 2, 2018—Having a kid has never been cheap, but a new survey from fintech firm OppLoans has found that raising a tiny tot can set you back more than you’d think. The finance...

New survey by lending firm OppLoans shows that serious credit dings are common among recent grads. CHICAGO—April 11, 2018—Financial Literacy Month is in full swing, but new data suggests that many college students have trouble managing their money after graduation. Sixty-nine percent of recent college grads made damaging financial mistakes soon after finishing...

In honor of National Pet Day, which falls on April 11, the econ experts at OppLoans have conducted a survey to see just how much American pet owners are spending on their furry friends. CHICAGO—April 09, 2018—The survey from OppLoans found that, on average, Americans spend $126.19 per month keeping their...

From $0 to $267, Valentine’s spending varies wildly by state according to a survey by OppLoans. CHICAGO—February 07, 2018—Just how much are Americans spending on Valentine’s Day? A new survey from the financial sleuths at OppLoans found that, on average, U.S. residents shelled out about $33.64 on holiday-related romantic gestures. But how much...

FinTech Leader OppLoans Named 6th Best Place to Work Nationally Chicago-based start-up earns top-10 position in Glassdoor’s 2018 Best Places to Work rankings for companies with fewer than 1,000 employees CHICAGO—December 06, 2017—Socially responsible online lender OppLoans received top rankings in Glassdoor’s 2018 Best Places to Work award. The start-up was...

Stranger Things: What was the Cost of Living in 1983 Hawkins, Indiana? Fintech firm OppLoans dives deep into the Upside Down in the name of financial research. CHICAGO—October 23, 2017—We all know that home prices and take-home pay have risen since 1983, but what about the things that really matter? Things like Eggos,...

Highly regarded technology and business leader joins rapidly growing firm. CHICAGO—October 19, 2017—OppLoans, the nation’s leading socially responsible online lender, has announced the appointment of Andy Pruitt to the role of Chief Technology Officer. Pruitt is a renowned technologist and company founder. At OppLoans, Pruitt will lead the development team to improve...

Mayor Emanuel praises OppLoans, saying, “Your success is Chicago’s success.” CHICAGO—October 10, 2017—Chicago Mayor Rahm Emanuel cut the ribbon at the new OppLoans headquarters in downtown Chicago this week. OppLoans, the nation’s leading socially responsible online lender, has more than tripled its employee-count in the past two years and expanded...

This is the socially responsible lender’s second consecutive appearance on the esteemed list. CHICAGO—August 16, 2017—OppLoans, the country’s leading socially responsible online lender, has achieved the rank of #219 on Inc. Magazine’s 2017 list of the 500 fastest-growing privately owned companies. “It was an honor last year to claim the...

OppU helps students understand money management by providing free interactive financial literacy lessons. CHICAGO—July 26, 2017—When students begin work or head to college, many get their first taste of economic independence. To give them the skills they need, OppLoans, a Chicago-based financial firm, launched a new financial education site called...

Deeply experienced, Fortune 250 senior business leader joins highest-rated nonprime lender. CHICAGO—July 18, 2017—OppLoans, a leading online lending platform, has hired veteran business executive, Sal Hazday, as Chief Operating Officer. OppLoans leverages strong technology and analytics to provide liquidity with flexible payment options to non-prime consumers. Hazday will lead operational...

World-class business development executive joins rapidly growing fintech company. CHICAGO—June 28, 2017—OppLoans, the nation’s leading socially responsible online lender serving non-prime consumers, has announced the appointment of Daniel Fell to the role of Vice President of Business Development. Fell will oversee all strategic business development and partnership objectives at the...

World-class financial executive joins rapidly growing online lending FinTech company. CHICAGO—April 4, 2017—OppLoans, the nation’s leading socially responsible online lender of personal loans to non-prime consumers, has announced the appointment of Shiven Shah, CFA, to the role of Chief Financial Officer effective April 3, 2017. Shah will oversee all strategic...

OppLoans extends installment loans to Georgia and Mississippi, offering flexible repayment options and credit education discounts to better serve subprime customers. CHICAGO—November 22, 2016—OppLoans has extended its lending operations to include Georgia and Mississippi, where customers with less-than-perfect credit have long been underserved. For those who qualify, OppLoans is offering personal loans up...

Ranking marks second major recognition in past 30 days for the fast-growing online lender. CHICAGO—September 22, 2016—LendingTree, a leading online loan marketplace, has ranked OppLoans number one in the category of personal loan network lenders for the second quarter. LendingTree calculated the ratings based on customer-generated reviews of overall borrowing experience. OppLoans,...

FinTech firm OppLoans is one of only 15 Illinois companies ranked on the esteemed list. CHICAGO—August 17, 2016—Inc. Magazine has welcomed OppLoans, the leader in socially responsible online lending, onto its highly respected 2016 list of America’s 500 fastest-growing companies. On average, the organizations featured have grown almost nine-fold over...

FinTech firm OppLoans relocates to a new facility in the historic One Prudential Plaza. CHICAGO—May 05, 2016—OppLoans, the leader in socially-responsible online lending to the non-prime customer segment, has announced the relocation of their headquarters to One Prudential Plaza in Chicago to accommodate recent growth. The move comes amid rapid...

CHICAGO—May 31, 2016—OppLoans, the leader in socially responsible online lending to the non-prime customer segment, has announced the publication of a new white paper titled “Borrowers Deserve Better than a Payday Loan: The Story Behind the 36% APR Benchmark.” In the face of increasing public distrust of payday lenders, new...

World-class FinTech firm OppLoans secures experienced and innovative executive to strengthen and implement marketing strategy. CHICAGO—May 05, 2016—OppLoans, the leader in socially responsible online lending to the subprime customer segment, has announced the appointment of John O’Reilly as Chief Marketing Officer. O’Reilly comes to Opportunity Financial LLC with more than...

World-class technology and legal executive joins rapidly growing, online lending FinTech company. CHICAGO—April 6, 2016—OppLoans, the nation’s leading socially responsible online lender of personal loans to non-prime consumers, Steve Durko asChief Technology Officer. Durko will direct the development of OppLoans’ proprietary lending platform as the company expands its portfolio of...

OppLoans paves the way for non-prime borrowers to get better personal loans with credit education discounts and flexible payment options. CHICAGO—November 10, 2015—OppLoans was featured in a recent report by the Center for Financial Services Innovation on Quality and Innovation Among Small-Dollar Credit Installment Lenders. The report is rooted in...

OppLoans specializes in providing larger, easy to qualify for personal installment loans with affordable payment terms. The company continues to build a solid reputation for their customer-centric service approach through transparency. CHICAGO—September 04, 2014—Sometimes access to a simple loan with flexible payment terms can be the difference between making it...