Oportun Completes its Seventh Asset-Backed Securitization in the Amount of Approximately $150 Million
REDWOOD CITY, CA — (Marketwired) — 10/19/16 — , a mission-driven financial services company that provides small dollar credit to Latinos and others with little or no credit history, today announced its seventh securitization, an issuance of approximately $150 million of two-year, asset-backed bonds secured by a pool of its installment loans.The bonds, which received an investment-grade rating by Kroll Bond Rating Agency, were placed with a diversified mix of institutional investors in a priv