CHICAGO, May 13, 2021 /PRNewswire/ Opportunity Financial, LLC (
OppFi or the Company ), a leading financial technology platform that powers banks to help the everyday consumer gain access to credit, today reported financial highlights for the first quarter ended March 31, 2021. 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. Our strong results in the first quarter of 2021 reinforce our efforts to efficiently serve the overlooked everyday consumer, stated Jared Kaplan, chief executive officer, OppFi. During the quarter, credit performance continued to show positive momentum from 2020, which drove improved profitability. Our ongoing artificial intelligence enhancements led to an increase in our auto-approval rate quarter over quarter to 41% from 26%, and we expect it will reach 60% by