Borrowings (Tables)

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Schedule of Borrowings

The following table presents information regarding the Company's Secured Financing facilities:

					June 30, 2022		December 31, 2021
Variable Interest Entity	Facility Amount		Maturity Date (1)	Interest Rate	Balance		Balance
(in thousands)
Oportun CCW Trust (1)	$	150,000	December 1, 2023	Variable (1)	$	79,339	$	40,108
Oportun PLW Trust	600,000		September 1, 2024	LIBOR (minimum of 0.00%) + 2.17%	426,388		353,781
Total secured financing	$	750,000			$	505,727	$	393,889

(1) The interest rate on the Secured Financing - CCW facility is LIBOR (minimum of 1.00%) plus 6.00% on the first $18.8 million of principal outstanding and LIBOR (minimum of 0.00%) plus 3.41% on the remaining outstanding principal balance.

The following table presents information regarding asset-backed notes:

	June 30, 2022
Variable Interest Entity	Initial note amount issued (a)		Initial collateral balance (b)		Current balance (a)		Current collateral balance(b)		Weighted average interest rate(c)		Original revolving period
(in thousands)
Asset-backed notes recorded at fair value:
Oportun Issuance Trust (Series 2022-A)	$	400,000	$	410,211	$	384,896	$	422,897	5.36	%	2 years
Oportun Issuance Trust (Series 2021-C)	500,000		512,762		456,610		520,998		2.48	%	3 years
Oportun Issuance Trust (Series 2021-B)	500,000		512,759		464,656		521,243		2.05	%	3 years
Oportun Funding XIV, LLC (Series 2021-A)	375,000		383,632		352,259		391,176		1.79	%	2 years
Oportun Funding XIII, LLC (Series 2019-A)	279,412		294,118		277,421		299,301		3.46	%	3 years
Total asset-backed notes recorded at fair value	$	2,054,412	$	2,113,482	$	1,935,842	$	2,155,615

	December 31, 2021
Variable Interest Entity	Initial note amount issued (a)		Initial collateral balance (b)		Current balance (a)		Current collateral balance(b)		Weighted average interest rate(c)		Original revolving period
(in thousands)
Asset-backed notes recorded at fair value:
Oportun Issuance Trust (Series 2021-C)	$	500,000	$	512,762	$	497,774	$	525,436	2.48	%	3 years
Oportun Issuance Trust (Series 2021-B)	500,000		512,759		498,487		521,174		2.05	%	3 years
Oportun Funding XIV, LLC (Series 2021-A)	375,000		383,632		374,363		391,325		1.79	%	2 years
Oportun Funding XIII, LLC (Series 2019-A)	279,412		294,118		281,082		299,310		3.46	%	3 years
Total asset-backed notes recorded at fair value	$	1,654,412	$	1,703,271	$	1,651,706	$	1,737,245

(a)Initial note amount issued includes notes retained by the Company as applicable. The current balances are measured at fair value for asset-backed notes recorded at fair value.

(b)Includes the unpaid principal balance of loans receivable, cash, cash equivalents and restricted cash pledged by the Company.

(c)Weighted average interest rate excludes notes retained by the Company.

The following table presents information regarding the Company's Acquisition Financing:

					June 30, 2022		December 31, 2021
Variable Interest Entity	Original Balance (1)		Maturity Date	Interest Rate (2)	Balance		Balance
(in thousands)
Oportun RF, LLC	$	116,000	October 1, 2024	SOFR (minimum of 0.00%) + 8.00%	$	113,951	$	114,092

(1) The Acquisition Financing Facility was amended on May 24, 2022 and upsized for an additional $20.9 million.

(2) The interest rate on the Acquisition Financing facility was LIBOR (minimum of 0.00%) plus 8.00% as of December 31, 2021.