Oportun (NASDAQ:OPRT) started the week’s trading on a downward note. The company, a mission-driven fintech and digital banking platform, today announced that it has been named the winner of the 2022 Tearsheet Challenger Award in the category of Serving the Underserved. Oportun was recognized for helping people build financial resiliency and providing financial inclusion for hardworking people who have been traditionally ignored by the financial mainstream and helping them build a better future.
The Tearsheet Challenger Awards are one of the financial industry's top awards programs and recognize industry leaders in financial services and fintech forging ahead with new services and products to help customers save, move, and borrow money in the modern era. This is the first time Oportun has received this celebrated award.
“We are proud to be recognized by Tearsheet for delivering on our mission of helping hardworking people build a better future through responsible, affordable, and accessible financial services that have helped more than a million people establish a credit history,” said Raul Vazquez, Oportun CEO. “Our technology-driven approach to borrowing, saving, banking and investing puts a better financial future within our members’ reach.”
Since inception, Oportun has provided more than $14.7 billion in responsible and affordable credit, saved its members more than $2.3 billion in interest and fees, and helped its members set aside an average of $3,000 annually for rainy days and other needs.
OPRT shares shed 8.5 cents, or 1.6%, to $5.39
