Online lender OppLoans announced on Thursday it has joined forces with Experian, Steady, and BillShark to pursue its commitment to help customers build a better financial path through more financial resources, education, and support.
OppLoans revealed that as part of its newly created social impact strategy, it focuses its efforts on mission-aligned partnerships that can directly help consumers mitigate additional financial difficulties and provide financial wellness education. OppLoans also partners with SpringFour, a fintech that connects customers to trusted financial resources to build financial wellness. While sharing more details about the collaboration, Natasha Anand, Vice President of Social Impact at OppLoans, stated:
“OppLoans prides itself in delivering an exceptional customer experience and it is important that we help support customers who may be experiencing additional financial difficulties beyond credit access. By expanding the tools and education we provide through partnerships with Experian Boost, Steady, and BillShark, we can deliver these valuable financial resources to customers easily and effectively through our platform.”
OppLoans, which was founded in 2012, offers financial bridge products to the subprime consumer that are safer and more affordable than traditional alternatives. The company also awards $10,000 in academic scholarships annually, donates quarterly to employee-selected charities, and offers free financial education through its online university OppU.