OppFi: ‘Bitty is a Great Partner’

Bitty generated $1.4 million in equity income for OppFi in Q3. OppFi, publicly traded, owns a 35% stake in Bitty.

“Bitty is a great partner that we have enjoyed working with and learning from in the SMB space,” said OppFi CEO Todd Schwartz during the company’s Q3 earnings call. “The company shares OppFi’s business principles and corporate values and consistently uses technology to enhance operations and the customer experience. Bitty has identified significant additional growth opportunities and continues to capitalize on the ongoing supply-demand imbalance in the small business revenue-based finance space.”

Overall, OppFi said it had delivered another strong quarter that had outperformed expectations. It raised earnings guidance for the third time this year.