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Oportun announces closing of $600 million warehouse credit facility
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SAN CARLOS, Calif., May 06, 2021 (GLOBE NEWSWIRE) Oportun Financial Corporation (Nasdaq: OPRT) (“Oportun” and the Company ) today reported financial results for the first quarter ended March 31, 2021.
“In the first quarter, we delivered strong operating results and profitability, maintained a solid credit profile, and advanced all of our 2021 strategic objectives, said Raul Vazquez, CEO of Oportun. Our credit performance demonstrated the efficacy of our A.I.-driven models and reflected the favorable economic environment and stimulus impact, while operationally, we continued to provide our customers with best-in-class service. I m proud of what we have achieved, and our first quarter results give us confidence that we are well positioned for growth in the months and years ahead.