CHICAGO, April 26, 2021 /PRNewswire/ -- Opportunity
Financial, LLC ("OppFi"), a leading financial technology platform
that powers banks to help the everyday consumer gain access to
credit, announced today that Jared
Kaplan, CEO, will be speaking at the LendIt Fintech
USA 2021 Conference. The session,
"Measurement In Practice: Executing on Improving Financial
Health," will be a conversation between Kaplan and Suman Bhattacharyya, a technology and financial
services journalist, held virtually on Wednesday, April 28, 2021 at 3:10 p.m. Eastern Time. Interested parties can
register for the virtual event at
https://www.lendit.com/usa/2021/register/.
OppFi believes fintech lenders have a responsibility to
demonstrate the impact of their products in developing and
supporting financial health of consumers. Kaplan will share how
OppFi uses a data-centric approach to measure how products,
partnerships and high-quality customer service impact metrics
related to financial health.
"The OppFi story at its core is one of creating real social
impact in the financial system. Our mission is driven by
recognizing and addressing the disparity of financial inclusion and
credit access for millions of everyday consumers — bridging the gap
for 150 million people who lack access to traditional financial
products. We focus on creating measurable, positive change in the
financial health of individuals and communities by facilitating
innovative financial products and providing exceptional customer
experience," said Jared Kaplan, CEO,
OppFi.
OppFi defines three key areas to drive clarity and results to
its social impact initiatives:
- Facilitate consumer access to the best available credit
- Build consumer financial health and support financial
education
- Deliver exceptional customer service aligned to satisfaction
benchmarks and fair standards
"Our model is one of building financial inclusion and
championing better financial health, improved outcomes, and
increased financial resiliency for our customers," adds Kaplan.
On February 9, 2021, OppFi and FG
New America Acquisition Corp. (NYSE: FGNA), a special purpose
acquisition corporation, entered into a definitive agreement for a
business combination that would result in OppFi becoming a public
company.
About OppFi
OppFi is a leading financial technology
platform that powers banks to offer accessible products and a
top-rated experience to everyday consumers. Through its unwavering
commitment to customer service, OppFi helps consumers who are
turned away by traditional providers build a better financial path.
To date, OppFi has facilitated the issuance of more than 1.5
million loans. The company is an Inc. 5000 company for five
straight years, a Deloitte's Technology Fast 500™, and the eighth
fastest-growing Chicagoland company by Crain's Chicago Business.
The company was also named on Forbes
America 2021 list of America's Best Startup Employers and
Built In's 2021 Best Places to Work in Chicago. OppFi maintains an A+ rating from the
Better Business Bureau (BBB) and maintains a 4.8/5 star rating with
more than 14,000 online customer reviews, making it one of the top
customer-rated financial platforms online. For more information,
please visit oppfi.com.
About FGNA
FG New America Acquisition Corp., (NYSE:
FGNA), is a NYSE-listed blank check company formed for the purpose
of effecting a merger, capital stock exchange, asset acquisition,
stock purchase, reorganization or similar business combination with
one or more businesses. For more information, please visit
www.fgnewamerica.com.
Media Inquiries: media@oppfi.com
Forward-Looking Statements
This information includes "forward-looking statements" within
the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. FGNA's and OppFi's actual
results may differ from their expectations, estimates and
projections and consequently, you should not rely on these
forward-looking statements as predictions of future events. Words
such as "expect," "estimate," "project," "budget," "forecast,"
"anticipate," "intend," "plan," "may," "will," "could," "should,"
"believes," "predicts," "potential," "continue," and similar
expressions are intended to identify such forward-looking
statements. These forward-looking statements include, without
limitation, OppFi's beliefs regarding the impact of the proposed
business combination on its business. These forward-looking
statements involve significant risks and uncertainties that could
cause the actual results to differ materially from the expected
results. Most of these factors are outside FGNA's and OppFi's
control and are difficult to predict. Factors that may cause such
differences include, but are not limited to: (1) the occurrence of
any event, change or other circumstances that could give rise to
the termination of the definitive business combination agreement
(the "Agreement"); (2) the outcome of any legal proceedings that
may be instituted against FGNA and OppFi following the announcement
of the Agreement and the transactions contemplated therein; (3) the
inability to complete the proposed business combination, including
due to failure to obtain approval of the stockholders of FGNA,
certain regulatory approvals or satisfy other conditions to closing
in the Agreement, including with respect to the levels of FGNA
stockholder redemptions; (4) the occurrence of any event, change or
other circumstance that could give rise to the termination of the
Agreement or could otherwise cause the transaction to fail to
close; (5) the impact of COVID-19 on OppFi's business and/or the
ability of the parties to complete the proposed business
combination; (6) the inability to obtain or maintain the listing of
the combined company's shares of common stock on the New York Stock
Exchange following the proposed business combination; (7) the risk
that the proposed business combination disrupts current plans and
operations as a result of the announcement and consummation of the
proposed business combination; (8) the ability to recognize the
anticipated benefits of the proposed business combination, which
may be affected by, among other things, competition, the ability of
OppFi to grow and manage growth profitably and retain its key
employees; (9) costs related to the proposed business combination;
(10) changes in applicable laws or regulations; (11) the
possibility that OppFi or FGNA may be adversely affected by other
economic, business, and/or competitive factors; (12) whether OppFi
will be successful in launching OppFi Card, including whether there
will be consumer or market acceptance of OppFi Card; and (13) other
risks and uncertainties indicated from time to time in FGNA's proxy
statement relating to the proposed business combination, including
those under "Risk Factors" therein, and in FGNA's other filings
with the SEC. FGNA and OppFi caution that the foregoing list of
factors is not exclusive. FGNA and OppFi caution readers not to
place undue reliance upon any forward-looking statements, which
speak only as of the date made. FGNA and OppFi do not undertake or
accept any obligation or undertaking to release publicly any
updates or revisions to any forward-looking statements to reflect
any change in its expectations or any change in events, conditions
or circumstances on which any such statement is based.
Important Information and Where to Find It
In connection with the proposed business combination, FGNA has
filed a preliminary proxy statement with the SEC and intends to
file a definitive proxy statement with the SEC. FGNA's stockholders
and other interested persons are advised to read the preliminary
proxy statement and the amendments thereto and, when available, the
definitive proxy statement and documents incorporated by reference
therein filed in connection with the proposed business combination,
as these materials will contain important information about OppFi,
FGNA and the proposed business combination. When available, the
definitive proxy statement and other relevant materials for the
proposed business combination will be mailed to stockholders of
FGNA as of a record date to be established for voting on the
proposed business combination. Stockholders will also be able to
obtain copies of the preliminary proxy statement, the definitive
proxy statement and other documents filed with the SEC that will be
incorporated by reference therein, without charge, once available,
at the SEC's web site at www.sec.gov, or by directing a request to:
FG New America Acquisition Corp., Attention: Hassan Baqar, Chief Financial Officer, 105 S.
Maple Street, Itasca, Illinois 60143.
Participants in the Solicitation
FGNA and its directors and executive officers may be deemed
participants in the solicitation of proxies from FGNA's
stockholders with respect to the business combination. A list of
the names of those directors and executive officers and a
description of their interests in FGNA was filed in the preliminary
proxy statement for the proposed business combination and is
available at www.sec.gov. Additional information regarding the
interests of such participants will be contained in the definitive
proxy statement for the proposed business combination when
available.
OppFi and its directors and executive officers may also be
deemed to be participants in the solicitation of proxies from the
stockholders of FGNA in connection with the business combination. A
list of the names of such directors and executive officers and
information regarding their interests in the proposed business
combination was included in the preliminary proxy statement for the
proposed business combination. Additional information regarding the
interests of such participants will be contained in the definitive
proxy statement for the proposed business combination when
available.
Non-Solicitation
This information shall not constitute a solicitation of a proxy,
consent or authorization with respect to any securities or in
respect of the proposed business combination. This information
shall also not constitute an offer to sell or the solicitation of
an offer to buy any securities, nor shall there be any sale of
securities in any states or jurisdictions in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
No offering of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the Securities
Act of 1933, as amended.
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SOURCE OppFi