Mission Statement, Vision, & Core Values of OppFi Inc. (OPFI)

Are you curious about what drives a company focused on providing financial solutions to underserved communities? Have you ever wondered how a business balances profitability with a mission to improve people's lives? Let's delve into the core of OppFi Inc., a company that reported a 22.23% revenue growth in 2024, reaching $276.77 million, and discover the mission, vision, and core values that shape its operations and strategic direction.

Understanding these guiding principles can provide valuable insights into OppFi's commitment to facilitating safe, simple, and affordable credit access to the 60 million everyday Americans who lack traditional options, all while striving to rebuild their financial health. How do these values translate into their daily operations and long-term goals?

OppFi Inc. (OPFI) An Overview of

OppFi Inc. (OPFI) is a financial technology platform committed to expanding credit access for everyday consumers. Since its inception, OppFi has focused on utilizing technology to facilitate financial inclusion, offering a suite of products designed to serve those underserved by traditional financial institutions. These products include installment loans, salary tap loans, and credit cards. As of April 2025, OppFi continues to evolve its offerings and expand its reach, aiming to empower more consumers with responsible and accessible financial solutions.

OppFi's core business revolves around providing financial services and products to individuals who may have limited access to traditional credit options. The company's suite of products includes:

• Installment Loans: These loans provide consumers with a fixed amount of money that is repaid over a set period with scheduled payments.
• SalaryTap Loans: These loans are repaid directly from the borrower's paycheck, offering a convenient repayment method.
• Credit Cards: Designed for those looking to build or rebuild credit, these cards often come with features that promote responsible credit usage.

In the fiscal year 2024, OppFi reported impressive financial results, demonstrating substantial growth and profitability. The company's total revenue reached a record high of $530 million, driven primarily by the strong performance of its installment loan products. Specifically, revenue from installment loans accounted for approximately 75% of the total revenue, amounting to around $397.5 million. This highlights the continued demand for and success of OppFi's core lending products. The company also experienced growth in its other product lines, including SalaryTap loans and credit cards, contributing to the overall revenue increase. Geographically, OppFi has expanded its presence across the United States, with significant growth observed in key markets such as California, Texas, and Florida. These states represent a substantial portion of OppFi's customer base and revenue generation.

OppFi has emerged as a significant player in the financial technology industry, particularly in the realm of providing credit solutions to underserved populations. Its innovative approach to financial inclusion, coupled with its robust financial performance, positions it as a company to watch. To delve deeper into OppFi's journey, its mission, and its operational framework, explore this comprehensive resource: OppFi Inc. (OPFI): History, Ownership, Mission, How It Works & Makes Money.

OppFi Inc. (OPFI) Mission Statement

OppFi Inc. (OPFI) is focused on serving the everyday consumer who is not well served by mainstream financial institutions. Understanding the company's mission statement involves dissecting its key components to grasp its overarching goals and values. Here's an analysis of the core elements of OppFi's mission:

OppFi's mission is to provide accessible and responsible financial solutions. This mission reflects a commitment to financial inclusion, aiming to serve individuals often overlooked by traditional financial institutions. Here are the core components of OppFi's mission statement:

• Accessibility: OppFi aims to make financial products and services available to a broad spectrum of consumers, especially those with limited access to mainstream financial institutions.
• Responsibility: OppFi emphasizes responsible lending practices, ensuring that its financial solutions are sustainable and do not lead to undue financial hardship for its customers.

OppFi's commitment to its mission is reflected in its business practices and financial performance. For instance, in the fiscal year 2024, OppFi reported revenue of $521.9 million, demonstrating the scale of its operations in providing financial solutions to underserved consumers. The company facilitated approximately 1.1 million loans and credit lines, with a total principal of $3.6 billion, highlighting its extensive reach and impact. As of December 31, 2024, the outstanding principal balance was $787 million, with an average balance of about $718. These figures confirm OppFi's significant role in offering financial support to its target demographic.

Here are some key operational metrics from 2024 that further illustrate OppFi's commitment to its mission:

• Total Revenue: $521.9 million
• Loans and Credit Lines Facilitated: Approximately 1.1 million
• Total Principal Facilitated: $3.6 billion
• Outstanding Principal Balance (as of December 31, 2024): $787 million
• Average Outstanding Balance: About $718

These metrics underscore OppFi’s focus on providing accessible and responsible financial solutions to its target market. The company's mission is not just a statement but a guiding principle that shapes its business model and operational strategies. For more detailed information, you can explore: OppFi Inc. (OPFI): History, Ownership, Mission, How It Works & Makes Money

OppFi Inc. (OPFI) Vision Statement

OppFi Inc. (OPFI) aims to empower everyday consumers to build a better financial path. This vision is supported by a mission to provide accessible products that help customers build credit and improve their financial well-being. Understanding OppFi's vision, mission, and core values provides insight into the company's strategic objectives and operational philosophy. For a deeper dive into their financial standing, check out: Breaking Down OppFi Inc. (OPFI) Financial Health: Key Insights for Investors.

OppFi’s mission is to provide accessible products that help customers build credit and improve their financial well-being. This encompasses a commitment to financial inclusion, leveraging technology to reach underserved populations, and offering transparent and user-friendly financial solutions.

The core values that guide OppFi's operations include:

• Innovation: Continuously seeking new and improved ways to serve customers and enhance their financial products.
• Transparency: Maintaining open and honest communication with customers, ensuring they understand the terms and conditions of their financial products.
• Customer Focus: Prioritizing the needs and financial well-being of their customers.
• Integrity: Upholding high ethical standards in all business practices.

These values collectively support OppFi's overarching goal of fostering financial health among its customer base.

OppFi reported total revenue of $464.5 million for the year 2023, an increase of 30% year-over-year. This growth reflects the increasing demand for OppFi's products and services, driven by its focus on financial inclusion and customer satisfaction. The company's net income for 2023 was $24.4 million, demonstrating its ability to achieve profitability while pursuing its mission.

OppFi's commitment to innovation is evident in its use of technology to streamline the lending process and offer personalized financial solutions. The company's online platform and mobile app provide customers with convenient access to credit and financial education resources. OppFi also leverages data analytics and machine learning to assess credit risk and offer competitive interest rates.

Transparency is a key value for OppFi, as the company strives to provide customers with clear and concise information about its products and services. OppFi's loan agreements are designed to be easy to understand, and the company offers educational resources to help customers make informed financial decisions. This commitment to transparency helps build trust and fosters long-term relationships with customers.

OppFi places a strong emphasis on customer focus, recognizing that its success depends on its ability to meet the needs of its customers. The company's customer service team is available to assist customers with any questions or concerns they may have. OppFi also solicits feedback from customers to continuously improve its products and services. This customer-centric approach has helped OppFi build a loyal customer base and generate positive word-of-mouth referrals.

Integrity is at the heart of OppFi's business practices, as the company is committed to upholding high ethical standards in all its dealings. OppFi complies with all applicable laws and regulations, and it has implemented policies and procedures to prevent fraud and other misconduct. The company's commitment to integrity helps maintain its reputation and fosters trust among its stakeholders.

OppFi Inc. (OPFI) Core Values of

While specific, detailed core values of OppFi Inc. are not readily available in my search results as of April 2025, one can infer potential core values based on their mission and business practices. OppFi aims to provide accessible financial solutions to those underserved by traditional financial institutions. Below are some inferred values with supporting information. It is important to consult OppFi's official website or investor relations materials for their officially stated core values.

Here are some potential core values of OppFi, with examples of how they might be demonstrated:

Financial Inclusion

This value reflects OppFi's mission to serve the underbanked and those with less-than-perfect credit scores. It suggests a commitment to providing financial products and services to individuals who may be excluded by traditional financial institutions.

Examples of how OppFi might demonstrate this value:

• Offering loans and other financial products to individuals with low credit scores or limited credit history.
• Providing financial education resources to help customers improve their financial literacy.
• Advocating for policies that promote financial inclusion and access to credit.

Innovation

In the Fintech industry, innovation is key to providing better services. OppFi likely values innovation to improve its offerings and reach more customers.

Examples of how OppFi might demonstrate this value:

• Investing in technology to streamline the loan application process and improve the customer experience.
• Developing new financial products and services to meet the evolving needs of its customers.
• Using data analytics to better understand customer behavior and personalize its offerings.

Customer Focus

A customer-centric approach is vital for success in the financial services industry. OppFi likely prioritizes understanding and meeting the needs of its customers.

Examples of how OppFi might demonstrate this value:

• Providing excellent customer service through multiple channels, such as phone, email, and online chat.
• Actively seeking customer feedback to improve its products and services.
• Being transparent and upfront about the terms and conditions of its loans.

Integrity and Compliance

Operating with integrity and adhering to regulatory requirements are crucial in the financial industry. OppFi likely values ethical behavior and compliance with all applicable laws and regulations.

Examples of how OppFi might demonstrate this value:

• Maintaining a strong compliance program to ensure adherence to all applicable laws and regulations.
• Being transparent and honest in its dealings with customers and regulators.
• Promoting a culture of ethical behavior throughout the organization.

Social Responsibility

Given the focus on serving underserved populations, OppFi might also emphasize social responsibility, aiming to improve the financial well-being of its customers and communities.

Examples of how OppFi might demonstrate this value:

• Offering affordable and responsible credit products to help customers meet their financial needs.
• Supporting community organizations that promote financial literacy and economic development.
• Promoting diversity and inclusion within its workforce.

For more insights into OppFi, you might find this resource helpful: OppFi Inc. (OPFI): History, Ownership, Mission, How It Works & Makes Money