OppFi Revenue Dips 3.8% Amid Muted Borrower Sentiment
By PYMNTS
AI summary of the source article
Digital lending platform OppFi reported a 3.8% decline in third-quarter revenue. The company also saw quarterly originations decrease 7% to $229 million as it focuses on flexible credit, technology upgrades, and banking ambitions.
Key facts
- OppFi reported a 3.8% drop in revenue for the third quarter.
- Quarterly originations fell 7% to $229 million.
- The digital lending platform is focusing on flexible credit, tech upgrades, and banking ambitions.
Source excerpt · PYMNTS
OppFi is focusing on flexible credit, tech upgrades and its banking ambitions amid persistent inflation and cooling consumer sentiment. The digital lending platform touted these new offerings Wednesday (Oct. 28) as it released third-quarter earnings results showing a 3.8% drop in revenue. The company’s quarterly numbers also showed originations declining 7% to $229 million due […] The post OppFi R…