Oportun Announces New Spanish-Language Capability and Improved Savings Features in Ongoing Commitment to Financial Inclusion
October 23 2023 - 8:00AM
Oportun is a mission-driven fintech that puts the financial goals
of its 2 million members within reach. Today, Oportun announced
that it has launched the Spanish-language version of its #1 rated
savings app, according to Bankrate. This release also includes the
addition of improved savings features, giving members a more
seamless product experience with more options on how the app saves
for them.
“Oportun is committed to providing inclusive and affordable
financial services that give members control over their money and
confidence about their financial future,” said Gonzalo Palacio,
Oportun’s Chief Marketing Officer. “We are always listening to the
needs of our members, and offering the full capabilities of our app
in Spanish will help Oportun to meet more of our members wherever
they are on their financial journey.”
Among Oportun’s members, more than 30% have indicated a
preference for service in Spanish. With the latest updates, Oportun
is expanding access to its best-in-class savings app to help
members make progress towards saving money, along with providing
affordable credit when they need it.
The following updates are now available for all savings
members:
- Spanish-Language Capability: Members who have
selected Spanish as the default language on their phone will be
able to experience the app’s full capabilities in their native
language.
- Improved Algorithm Controls: Members have more
control over the savings algorithm’s behavior, allowing them to:
- Pause all savings across all goals
- Set a maximum transfer amount across all goals
- Set a “safe saving level” or a minimum checking balance after
which the algorithm stops saving
- Recurring Savings Goals: Members can create
goals that repeat for recurring expenses.
- Updated Daily Savings Breakdown: Members can
see how their savings are allocated across goals.
Oportun is free to download and manage a personal loan. The
savings tools are free for 30 days and $5 per month thereafter. The
app is available for download today on Apple and Android
devices.
About OportunOportun (Nasdaq: OPRT) is a
mission-driven fintech that puts its 2 million members' financial
goals within reach. With intelligent borrowing, savings, and
budgeting capabilities, Oportun empowers members with the
confidence to build a better financial future. Since inception,
Oportun has provided more than $16.6 billion in responsible and
affordable credit, saved its members more than $2.4 billion in
interest and fees, and helped its members save an average of more
than $1,800 annually. For more information, visit Oportun.com.
For Oportun:Usher
LiebermanUsher.lieberman@oportun.com650-769-9414
Photos accompanying this announcement are available
athttps://www.globenewswire.com/NewsRoom/AttachmentNg/50ebd937-4cd4-4cd1-a476-2db902a4019bhttps://www.globenewswire.com/NewsRoom/AttachmentNg/158ae858-a526-4e48-997c-aa2144b6b63a
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