Oppfi Inc. · NYSE:OPFI
Oppfi — Merger or Acquisition (August 2024)
5 slides from Oppfi's merger presentation, Aug 1, 2024
Slide 1: Bitty Transaction Overview August 2024
Bitty Transaction Overview August 2024
Slide 2: Disclaimer
Disclaimer 2 This presentation (the “Presentation”) of OppFi Inc. (“OppFi” or the “Company”) is for information purposes only. Certain information contained herein has been derived from sources prepared by third parties. While such information is believed to be reliable for the purposes used herein,
Slide 3: Small Business Financing Market Represents Significant Opportunity
3 • Many small businesses have difficulty accessing traditional bank loans, resulting in a significant supply-demand imbalance.1 • Recent upward trend in new business application filings, with 5.5 million in 2023, a 57% increase compared to 2019.4 1. The State of Small Business Now, U.S. Chamber of
Slide 4: Bitty: Financing Solutions for Underserved Small and Midsize Businesses (SMBs)
4 Bitty: Financing Solutions for Underserved Small and Midsize Businesses (SMBs) Bitty is a credit access company that offers revenue-based financing and other working capital solutions $2,000-$250,000 Range of typical financing amounts facilitated by Bitty; $165 million of annual origination volume
Slide 5: Bitty Transaction Highlights
5 Bitty Transaction Highlights Launches OppFi’s Small Business Financing Vertical • $17.9 million in exchange for a 35% equity interest in Bitty o 6.0x valuation multiple based on Bitty’s $8.5 million of adjusted net income for the trailing twelve months ending March 31, 2024 o Consideration is 85%