OppFi Addresses Financial Literacy Through Social Impact Collaboration with Financial Education Platform Zogo
01 April 2024 - 10:25PM
Business Wire
OppFi and Zogo bring together expertise and
resources to tackle ongoing financial challenges faced by everyday
Americans
OppFi Inc. (NYSE: OPFI) (“OppFi” or the “Company”), a
tech-enabled, mission-driven specialty finance platform that
broadens the reach of community banks to extend credit access to
everyday Americans, today announced its social impact collaboration
with financial education platform Zogo Inc. (“Zogo”) to support
financial literacy.
Zogo is a financial education app with more than one million
users, allowing individuals to earn rewards while learning about
financial topics. Through an OppLoans-branded version of the app,
customers on the OppLoans by OppFi platform now have access to a
number of financial resources, including lessons on saving money,
making a budget, applying for credit, repaying debt, and improving
credit. In addition, customers have the opportunity to explore a
wide range of topics including purchasing insurance, navigating car
shopping, renting an apartment, advancing their career, and more.
By completing modules, taking interactive five-question quizzes,
and participating in daily trivia games, customers can earn virtual
"pineapples" that can be redeemed for monetary rewards, such as
gift cards.
“We are excited by our new social impact collaboration with
Zogo, which strives to make financial education fun and rewarding
for consumers,” said Todd Schwartz, Chief Executive Officer and
Executive Chairman of OppFi. “By customizing the Zogo experience
for customers, we are supporting their needs and advancing our
mission to champion financial health.”
In celebration of April as National Financial Capability Month,
OppFi seeks to support the financial well-being of customers by
making it twice as easy to earn rewards for improving their
financial knowledge. Throughout April, customers can earn “double
pineapples” on the Zogo app, underscoring the importance of
enhancing financial literacy.
“We are thrilled to collaborate with OppFi to provide essential
financial education resources,” said Shyam Pradheep, General
Manager of Zogo. “OppFi’s unwavering commitment to financial
empowerment aligns perfectly with our mission to offer individuals
accessible financial education opportunities. This relationship
allows us to leverage our collective strengths to drive positive
change and create a lasting impact.”
About OppFi
OppFi (NYSE: OPFI) is a tech-enabled, mission-driven specialty
finance platform that broadens the reach of community banks to
extend credit access to everyday Americans. Through transparency,
responsible lending, financial inclusion, and an excellent customer
experience, the Company supports consumers, who are turned away by
mainstream options, to build better financial health. OppLoans by
OppFi maintains a 4.5/5.0 star rating on Trustpilot with more than
4,200 reviews, making the Company one of the top consumer-rated
financial platforms online. For more information, please visit
oppfi.com.
About Zogo
Zogo is a technology company that works with financial
institutions to promote financial education and well-being through
short-form content. Zogo's award-winning platform offers bite-sized
modules and tangible incentives to make financial education
accessible, fun, and rewarding. Zogo partners with 250+
institutions in all 50 U.S. states to help educate, engage and
empower the next generation of financial decision-makers regardless
of their background and experience. The platform has garnered over
one million users since its creation in 2018. Zogo is currently
headquartered in Austin, Texas. To learn more, visit zogo.com or
follow @zogofinance on Instagram.
Forward-Looking Statements
This press release includes "forward-looking statements" within
the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995, Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. OppFi’s actual results
may differ from its expectations, estimates and projections and
consequently, you should not rely on these forward-looking
statements as predictions of future events. Words such as "expect,"
"estimate," "project," "budget," "forecast," "anticipate,"
"intend," "plan," "may," "will," "could," "should," "believes,"
"predicts," "potential," "possible," "continue," and similar
expressions may identify forward-looking statements, but the
absence of these words does not mean that a statement is not
forward-looking. These forward-looking statements include, without
limitation, future services, features, and protections offered by
the OppFi platform and the benefits of the social impact
relationships on OppFi’s business and for its customers. These
forward-looking statements are based on OppFi’s current
expectations and assumptions about future events and are based on
currently available information as to the outcome and timing of
future events. These forward-looking statements involve significant
risks and uncertainties that could cause the actual results to
differ materially from the expected results. Most of these factors
are outside OppFi’s control and are difficult to predict. Factors
that may cause such differences include those risks and
uncertainties indicated from time to time in OppFi’s filings with
the United States Securities and Exchange Commission, in
particular, contained in the section or sections captioned “Risk
Factors.” OppFi cautions that the foregoing list of factors is not
exclusive, and readers should not place undue reliance upon any
forward-looking statements, which speak only as of the date made.
OppFi does not undertake or accept any obligation or undertaking to
release publicly any updates or revisions to any forward-looking
statements to reflect any change in its expectations or any change
in events, conditions or circumstances on which any such statement
is based.
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