OppFi seeks bank charter via BNCCORP acquisition; Enova pursuing similar strategy
Opportunity Financial (OppFi) signaled an acquisition thesis in Bank charter acquisition; fintech consolidation strategy on August 6, 2026.
- Primary
- Opportunity Financial (OppFi)
- Counterparty
- BNCCORP / BNC National Bank
- Amount
- $130M
- Structure
- Bank charter acquisition; fintech consolidation strategy
- Date
- August 6, 2026
- Sub-sector
- Lending
OppFi and Enova pursuing bank charters to evade state interest-rate caps and scale high-cost lending to underserved consumers.
Source: chicago.suntimes.com