OppFi acquires 35% stake in Bitty for ~$18M to enter small-business financing

OppFi Inc.

Acquired 35% of Bitty for $15.25M cash + 734,851 OppFi-LLC units (~$2.7M).
Bitty has facilitated funding to 29,000+ small businesses since 2020; products from $2K-$250K.
Transaction implies 6.0x purchase multiple on Bitty's TTM adjusted net income through Mar 2024.
Acquisition expected to add ~$0.03 to OppFi's adjusted EPS annually and be immediately accretive.
OppFi has call options to acquire additional 30% in 2027 and remaining equity in 2030.

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