Problems at OppFi (OPFI)

Aug 05, 2021

∙ Paid

OppFi (NYSE: OPFI — $1.04 billion) describes itself as “a leading fintech platform powering credit access for the everyday consumer.” In reality, OppFi is a payday lender with average interest rates of ~129%. Evidence indicates that OppFi has paid for positive online reviews and has delayed the processing of loan repayments, which generates excessive in…