OppFi‘s $130 million acquisition of BNCCORP and BNC National Bank marks a major SPECIALTY FINANCE move by combining a digital lending platform with a national bank charter. The deal is intended to expand OppFi’s geographic reach, diversify its products, and strengthen its balance sheet. This gives OppFi more control over its lending infrastructure and could reduce reliance on third-party bank partnerships as it scales credit products for underserved consumers.

OppFi Puts Down $130M For Chartered National Bank BNC