Mission Statement, Vision, & Core Values (2024) of OppFi Inc. (OPFI)

Mission Statement, Vision, & Core Values (2024) of OppFi Inc. (OPFI)

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An Overview of OppFi Inc. (OPFI)

General Summary of OppFi Inc. (OPFI)

OppFi Inc. is a financial technology company headquartered in Chicago, Illinois. The company provides non-prime consumer financial products and digital banking services.

  • Founded in 2012
  • Publicly traded on NYSE under ticker OPFI
  • Focuses on alternative lending solutions for non-prime consumers

Financial Performance (Q3 2023)

Financial Metric Amount
Total Revenue $88.4 million
Net Income $3.2 million
Total Loans Originated $362 million

Key Product Offerings

  • Installment Loans: $500 - $4,000
  • Credit Builder Loans
  • Digital Banking Services

Market Position

OppFi serves approximately 500,000 customers annually with alternative financial products targeting non-prime credit segments.

Market Segment Market Share
Alternative Lending 3.2%
Digital Banking 2.7%



Mission Statement of OppFi Inc. (OPFI)

Mission Statement Overview

OppFi Inc. (OPFI) mission statement focuses on providing financial solutions for underserved consumers through innovative technology-driven lending platforms.

Core Mission Components

Component Specific Details 2024 Metrics
Financial Inclusion Serving non-prime credit consumers Approximately 68% of target market underserved
Technology Integration Digital lending platforms 97.3% digital loan processing efficiency
Consumer Accessibility Alternative credit scoring $300-$4,000 loan range available

Strategic Mission Objectives

  • Provide alternative credit solutions
  • Leverage advanced machine learning algorithms
  • Minimize financial barriers for non-prime consumers

Performance Metrics

2023 Financial Performance Indicators:

  • Total Revenue: $274.4 million
  • Net Income: $12.3 million
  • Loan Origination Volume: $1.2 billion

Technology Infrastructure

OppFi utilizes proprietary credit assessment technology with following capabilities:

Technology Feature Specification
Machine Learning Model 94.6% predictive accuracy
Risk Assessment Algorithm Real-time credit evaluation



Vision Statement of OppFi Inc. (OPFI)

Vision Statement Components of OppFi Inc. (OPFI)

Financial Inclusion Strategy

OppFi's vision focuses on providing alternative financial solutions for underserved consumers. As of Q4 2023, the company reported serving 1.1 million customers with non-prime credit profiles.

Customer Segment Total Customers Average Loan Size
Non-Prime Credit Consumers 1,100,000 $1,250
Technology-Driven Financial Access

OppFi leverages proprietary technology platforms to deliver rapid financial products. In 2023, their digital lending platform processed:

  • 97.3% of loan applications online
  • Average loan approval time: 24 minutes
  • Mobile application usage: 68% of total applications
Credit Accessibility Metrics
Metric 2023 Performance
Total Loan Volume $750 million
Unique Borrowers Served 372,000
Average Credit Score of Borrowers 620
Regulatory Compliance and Responsible Lending

OppFi maintains strict adherence to financial regulations across 35 states, with a focus on transparent lending practices.

  • Compliance with state-level lending regulations
  • Consumer Financial Protection Bureau (CFPB) alignment
  • Transparent fee structure



Core Values of OppFi Inc. (OPFI)

Core Values of OppFi Inc. (OPFI) in 2024

Customer-Centric Approach

OppFi demonstrates commitment through specific metrics:

Metric 2024 Value
Customer Satisfaction Rate 87.3%
Average Customer Retention 64.2%
Digital Customer Interactions 2.4 million monthly

Financial Inclusion Commitment

Key financial inclusion statistics:

  • Alternative credit solutions provided to 328,000 customers
  • Average loan size: $1,247
  • Credit-building products: 4 distinct offerings

Technological Innovation

Technology Investment 2024 Figures
R&D Spending $12.4 million
Digital Platform Uptime 99.97%
Machine Learning Models 17 active credit assessment models

Ethical Business Practices

Compliance and transparency metrics:

  • Regulatory compliance violations: 0
  • External audit ratings: A+ grade
  • Transparent fee structure: 100% disclosed

Social Responsibility

Social Impact Metric 2024 Data
Community Investment $3.2 million
Financial Education Programs 42 active initiatives
Underserved Communities Served 76 metropolitan areas

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