Bitty Has Surpassed $1B in Originations Since 2021

Bitty surpassed $1 billion in small business funding originations since 2021, according to OppFi, which has a minority stake in the company.

“During the quarter, Bitty launched a new premier funding product as part of its strategy to become a full-spectrum small business funder,” said OppFi CEO Todd Schwartz on the subject during the Q3 earnings call. “The offering expands Bitty’s competitive reach into the near-prime segment, providing larger funding amounts, more attractive pricing, and longer repayment terms, allowing Bitty to compete more effectively across a broader range of small business customers. Bitty is also advancing its AI and automation strategy across the entire funding cycle, from underwriting and credit decisioning to funding and servicing. These initiatives are designed to streamline the customer experience, accelerate decision-making, enhance portfolio performance, and create a more efficient, scalable operating platform. Early results are encouraging, and we believe the combination of expanded market reach, AI-driven innovation, and a scalable operating platform creates a compelling opportunity for Bitty to accelerate growth in 2027 and beyond. Taken together, this was an important quarter of progress in building the foundation of OppFi’s next phase of growth.”