---
schema_version: "secwatch.filing_event.v1"
accession: "0001818502-24-000012"
form_type: "8-K"
ticker: "OPFI"
cik: "0001818502"
company_name: "OppFi Inc."
filed_at: "2024-08-01T23:59:59+00:00"
generated_at: "2026-05-31T13:57:36.384953+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001818502-24-000012
- form_type: 8-K
- ticker: OPFI
- cik: 0001818502
- company_name: OppFi Inc.
- filed_at: 2024-08-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1818502/000181850224000012/0001818502-24-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1818502/000181850224000012/opfi-20240731.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001818502-24-000012
- JSON: https://secwatch.observer/filing/0001818502-24-000012.json
- Plain text: https://secwatch.observer/filing/0001818502-24-000012.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.