Pathward extends lending partnership with Oportun through 2029

Pathward Financial Inc. (NASDAQ: CASH) announced it has extended its lending partnership with Oportun Financial Corporation through 2029, according to a press release statement.

Under the renewed agreement, Pathward will continue to originate unsecured and secured personal loans nationwide through programs developed and administered by Oportun. The partnership, which began in 2020, allows Pathward's subsidiary bank to serve as the originating lender while Oportun handles marketing, underwriting, fraud prevention, servicing and loan administration under Pathward's oversight.

The arrangement enables Oportun to offer lending solutions to underserved populations through Pathward's banking infrastructure. Oportun operates 127 stores across various states and allows customers to apply for loans online, by mobile or in person.

"This extension will allow us to build on an important partnership Pathward has had with Oportun since 2020," said Lucas Kading, Senior Vice President of Partner Development and Revenue Operations at Pathward.

Gaurav Rana, Senior Vice President and General Manager of Lending at Oportun, stated that extending the partnership "strengthens our ability to reach more people with responsible lending solutions."

Oportun (NASDAQ: OPRT) was recently named to CNBC's World's Top Fintech Companies 2025 list. The company reports it has provided more than $20.3 billion in credit since inception and saved members more than $2.4 billion in interest and fees.

Pathward Financial operates as a financial holding company through its subsidiary Pathward N.A., a national bank focused on partner solutions and commercial finance services.

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