Press Releases

For Third Consecutive Year, OppLoans Ranks in the Top 150 on Deloitte’s 2020 Technology Fast 500™ 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...

OppLoans Teams Up with Experian®, Steady, and BillShark Furthering its Commitment to Social Impact 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...

OppLoans Hires Nationally Recognized DEI Leader Michelle Y. Bess as Vice President of Talent & Diversity, Equity and Inclusion   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...

OppLoans Named on the Inc. 5000 List for Fifth Consecutive Year 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...

1 in 5 Credit-Challenged Young Adults Who Lost Financial Ground in Pandemic Doubts They’ll Ever Fully Recover 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,...

OppLoans Applauds Newly-Released Interagency Lending Principles for Banks and Credit Unions Offering Responsible Small-Dollar Loans 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...

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...

Vast Majority of Credit-Challenged Consumers Remain Locked out of Traditional Credit Markets 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...

Fintech Firm OppLoans Named 91st on the Deloitte 2019 Technology Fast 500™ for Second Year 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...

Fintech Firm OppLoans Announces Its First Bank-Led Credit Facility 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...

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...

Leading FinTech Firm OppLoans Ranks #4 on Crain’s Fast 50 The Chicago-based fintech firm places in top five of Chicago’s fastest-growing companies as measured by Crain’s Chicago Business Chicago, June 27, 2019 — OppLoans, a leading fintech firm, has been named the fourth fastest-growing Chicagoland company by Crain’s Chicago Business. With...

Socially Responsible FinTech Firm OppLoans Appoints Kyle Williams, Esq., to Head of Government Affairs 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...

CEO of Leading FinTech Firm OppLoans Releases Statement on Firm’s Success, Evolving the Conversation about Non-Prime Lending and the Road Ahead 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....

Socially Responsible Lender OppLoans Appoints Karishma Patel Buford to New Chief People Officer Role 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...

For V-Day, 88 Percent Say It’s the Thought That Counts, 46 Percent Admit Financial Infidelity 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...

OppLoans Named a Best Workplace by Glassdoor for the Second Year in a Row. 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,...

How Much Do Grandparents Spend on Holiday Gifts? New Study Has the Answer. 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...

FinTech Firm OppLoans Ranked 86th Fastest-Growing Company in North America on Deloitte’s 2018 “Technology Fast 500™” 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...

Which states are most likely to overspend on Black Friday shopping? New study has the answer. 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...

How Much Do Bike Share Costs Differ Across the U.S.? 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...

Fintech Leader OppLoans Appoints Stacee Hasenbalg to Chief Compliance Officer Role 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....

Workers Spend 6.9 Hours Per Week On Their Fantasy Football Teams 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...

FinTech Firm OppLoans Ranks on the Inc. 5000 List for Third Consecutive Year 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...

15 Percent of College Millennials Spend Parents’ Money Primarily on Partying 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,...

Forty-Six Percent of Millennials Feel Held Back by Credit Score 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...

OppLoans CEO Jared Kaplan Named a Glassdoor Top CEO in 2018 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...

New Study from Fintech Firm Finds Majority of Teens and Young Adults have Summer Jobs 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...

OppLoans Named One of the Country’s Best Workplaces by Inc. Magazine 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...

How Much Are Parents in Your State Spending on Their Kids? A New Study Has the Answer 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...

Seven in Ten College Students Damage Credit Soon After Graduation 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...

New Survey from Fintech Firm Finds Delaware Pet Owners Spend the Most on their Animals. How Does Your State Stack Up? 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...

When it Comes to Valentine’s Day Spending, How Does Your State Stack Up? 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,...

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,...

Fintech Leader OppLoans Appoints Andy Pruitt to Chief Technology Officer Role 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...

Chicago Mayor Cuts Ribbon at New Headquarters of Rising FinTech Firm OppLoans 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...

FinTech Firm OppLoans Advances to #219 on Inc. Magazine’s 2017 List of 500 Fastest-Growing Companies 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...

OppLoans Launches Free Financial Literacy Site 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...

Fintech leader OppLoans Appoints Sal Hazday to COO Role 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...

OppLoans Welcomes Daniel Fell as VP of Business Development and Partnerships 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...

OppLoans Welcomes Shiven Shah as Chief Financial Officer 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...

Socially Responsible Online Lender OppLoans Launches Personal Loan Product in Georgia and Mississippi 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...

LendingTree Names OppLoans #1 Customer-Rated Personal Lender of Q2 2016 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...

Online Lender OppLoans Named to Inc. Magazine‘s 2016 List of 500 Fastest-Growing Companies 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...

Socially-Responsible Online Lender OppLoans Moves to New Headquarters in Heart of Chicago 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...

FinTech Firm OppLoans Releases White Paper Distinguishing Between Predatory Payday Loans and Other Greater-Than-36% Lenders Socially-responsible lender OppLoans publishes call for better alternatives to payday lending for non-prime customers CHICAGO—May 31, 2016—OppLoans, the leader in socially responsible online lending to the non-prime customer segment, has announced the publication of a...

Leading Non-Prime Online Lender OppLoans Announces New Chief Marketing Officer John O’Reilly 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...

OppLoans Welcomes Steve Durko as Chief Technology Officer 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...

OppLoans Mentioned as Leader in Quality and Innovation Among Small-Dollar Credit Installment Lenders 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...

OppLoans Offers Borrowers a Path to Improve Their Credit How To Improve Your Credit in 500 Words Here is some practical and easy to understand advice to improve your credit score. CHICAGO—April 21, 2015 — OppLoans was featured in a recent report by the Center for Financial Services Innovation (www.cfsinnovation.com)...

OppLoans Garners Top Ratings from Near-prime Borrowers by Leveraging Transparency and Outstanding Customer Service 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...