Oportun entered into a Program Management Agreement with Column to establish a new consumer lending program effective June 30, 2026. Column will originate unsecured personal loans in select states, while Oportun provides marketing, application processing, fraud prevention, servicing, and administration under Column's oversight. The agreement includes exclusivity for certain products, allows Oportun to purchase loans not retained by Column, and runs for four years with automatic one-year renewals unless notice is given.
Agreement details:
- Agreement type: Program Management Agreement for unsecured personal lending program
- Counterparty: Column
- Signed / Effective: Jun 30 2026 / Jun 30 2026
- Duration / Termination: 4 years, auto one-year renewals
- Reason: Expand consumer lending via bank partnership and loan purchases
Original SEC Filing:
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