#1+ A Leading FinTech Platform for the Everyday Consumer OppFi"* Investor Presentation May 2021#2Disclaimer This presentation (the "Presentation) is for information purposes only. This Presentation has been prepared to assist parties in making their own evaluation with respect to a proposed transaction (the Transaction") as contemplated by a definitive business combination agreement between FG New America Acquisition Corp. (FGNA) and Opportunity Financial, LLC (the Company) and for no other purpose. Certain information contained herein has been derived from sources prepared by third parties. While such information is believed to be reliable for the purposes used herein, nether FGNA nor the Company makes any representation or waranty with respect to the accuracy of such information. Trademarks and trade names referred to in this Presentation are the property of their respective owners. This Presentation does not constitute an offer to sell or the solicitation of an offer to purchase any securities of FGNA, the Company, or any other person. The information contained herein does not purport to be all-inclusive This Presentation does not constitute investment, tax, or legal advice. No representation or warranty, express or implied, is or will be given by FGNA or the Company or any of their respective affiliates, directos, offices, employees or advisers or any other person as to the accuracy or completeness of the information in this Presentation or any other written, oral, or other communications transmitted or otherwise made available to any party in the course of its evaluation of the possible Transaction, and no responsibility or liability whatsoever is accepted for the accuracy or sufficiency thereof or for any erors, omissions or misstatements, negligent or otherwise, relating thereto. The information contained in this Presentation is preliminary in nature and is subject to change, and any such changes may be material FGNA and the Company disclaim any duty to update the information contained in this Presentation, which information is given only as of the date of this Presentation unless otherwise stated herein Forward-Looking Statements This Presentation contains certain "forward-looking statements within the meaning of the Private Securites Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding FGNA and the Company and the potential Transaction between FGNA and the Company and their respective management teams' expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate believe," "continue," "could." "estimate." "expect," intends," "may, "might," "plan," "possible," "potental," "predict," "project" "should," "would" and similar expressions may identify forward-boking statements, but the absence of these words does not mean that a statement is not forward-looking These forward-looking statements are based on FGNA's and the Company's current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. We caution you that these forward-looking statements are subject to all of the risks and uncertainties, most of which are difficult to predict and many of which are beyond FGNA's and the Company's control, that could cause the actual results to differ materially from the expected results if and when FGNA and the Company enter into a definitive agreement for a potential Transaction Factors that may cause such differences include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the definitive business combination agreement (the "Agreement); (2) the outcome of any legal proceedings that may be instituted against FGNA and OppFi following the announcement of the Agreement and the transactions contemplated therein; (3) the inability to complete the proposed business combination, including due to failure to obtain approval of the stockholders of FGNA, certain regulatory approvals or satisfyother conditions to closing in the Agreement, including with respect to the levels of FGNA stockholder redemptions: (4) the occurrence of any event, change or other circumstance that could give rise to the termination of the Agreement or could otherwise cause the transaction to fail to close: (5) the impact of COMID-19 on Oppfis business and/or the ability of the parties to complete the proposed business combination (8) the inability to obtain or maintain the listing of the combined company's shares of common stock on the New York Stock Exchange following the proposed business combination: (7) the risk that the proposed business combination disrupts current plans and operations as a result of the announcement and consummation of the proposed business combination: (8) the ability to recognize the anticipated benefits of the proposed business combination, which may be affected by, among other things, competition, the ability of OppFi to grow and manage growth profitably and retain its key employees; (9) costs related to the proposed business combination: (10) changes in applicable laws or regulations: (11) the possibility that OppFi or FGNA may be adversely affected by other economic, business, and/or competitive factors, and (12) other reks and uncertainties indicated from time to time in the proxy statement relating to the proposed business combination, including those under Risk Factors theren, and in FGNA's other filings with the United States Securities and Exchange Commission. The foregoing ist of factors is not exclusive. You should not place undue liance upon any forward-looking statements, which speak only as of the date made. FGNA and the Company do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based. Non-GAAP Financial Measures Certain financial information and data contained this Presentation is unaudited and does not conform to Regulation S-X. Accordingly, such information and data may not be included in, may be adjusted in or may be presented differently in, any information or proxy statement, or prospectus or registration statement to be filed by FGNA with the SEC. Some of the financial information and data contained in this Presentation, such as Adjusted Net Income and CAGR and Margin thereof, and Adjusted EBITDA, Adjusted EBT and CAGR and Margin thereof, have not been prepared in accordance with United States generally accepted accounting principles (GAAP). These non-GAAP measures of financial results are not GAAP measures of our financial results or liquidity and should not be considered as an alternative to net income (loss) as a measure of financial results, cash flows from operating activities as a measure of liquidity, or any other performance measure derived in accordance with GAAP, FGNA and the Company believe these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to the Company's financial condition and results of operations. The Company's management uses these non-GAAP measures for trend analyses and for budgeting and planning purposes. FGNA and the Company believe that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating projected operating results and trends in and in comparing the Company's financial measures with other similar companies, many of which present similar non- GAAP financial measures to investors. Management does not consider these non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with GAAP. The principal limitation of these non-GAAP financial measures is that they exclude significant expenses and income that are required by GAAP to be recorded in the Company's financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgments by management about which expense and income are excluded or included in determining these non-GAAP financial measures. In order to compensate for these limitations, management presents non-GAAP fnancial measures in connection with GAAP results. You should review the Company's audited financial statements, which will be included in any information or proxy statement, or prospectus or registration statement to be filled by FGNA with the SEC. A reconciliation for the Company's 2017 through 2020 and Q1 2019 through Q1 2021 non-GAAP financial measures to the most directly comparable GAAP financial measures is located in the Appendix pages 29-33. A reconciliation of the 2021P through 2023P non-GAAP financial measures to the most directly comparable GAAP inancial measures is not included in this Presentation, because, withoutunreasonable efforts, the Company is unable to predict with reasonable certainty the amount or timing of non-GAAP adjustments that are used to calculate these Non-GAAP finandal measures. Projected Financial Information This Presentation contains financial forecasts, including with respect to the Company's estimated and projected revenue, revenue growth, Adjusted Net Income, Adjusted EBT, Adjusted EBITDA, and CAGR and margins with respect to Adjusted Net Income and Adjusted EBITDA. Nether the Company's certified public accountant (CPA) nor the independent registered public accounting fim of FGNA or the Company, audited, reviewed, compiled, or performed any procedures with respect to the projections for the purpose of their inclusion in the Presentation, and accordingly, nether of them expressed an opinion or provided any other form of assurance with respect thereto for the purpose of this Presentation. These projections should not be relied upon as being necessarily indicative of future results. Any estimates, forecasts or projections set forth in the Presentation have been prepared by FGNA and the Company in good faith on a basis believed to be reasonable. Such estimates, forecasts and projections involve significant elements of subjective judgment and analysis and reflect numerous judgments, estimates and assumptions that are inherently uncertain in prospective financial information of any kind. As such, no representation can be made as to the attainability of such estimates, forecasts and projections. The recipients cautioned that such estimates, forecasts or projections have not been audited and have not been prepared in conformity with GAAP. The estimates, forecasts and projections included in this Presentation are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the prospective financial information, which include, but are not limited to, those mentioned in the prior paragraphs under the caption "Forward-Looking Statements. The reopent therefore should not rely on the estimates, brecasts or projections contained in the Presentation. No Offer or Solicitation This presentation shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Transaction. This presentation shall also not constitute an offer to sell, or the solicitation of an offer to buy, any securities, norshall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful. No offer of securites shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act Website This Presentation contains reproductions and references to the Company's website and mobile content. The contents of the website and mobile content are not incorporated into this Presentation. Any references to URLs for the websites are intended to be inactive textual references only. OppFi"#32 Presenters Jared Kaplan OppFi, CEO insureon Goldman Sachs glassdoor TOP CEOS ACCRETIVE> 7-Time Executive 123 2000 2 Shiven Shah OppFi, CFO ABN AMRO PE▲K6 Cíti OppFi"#43 OppFi's Vision The Digital Financial Services Destination for the Everyday Consumer OppFi"#5OppFi's Mission Empower Everyday Consumers to Rebuild Financial Health 01 Facilitate Enable credit access savings (0) ())))))))))) Build wealth 2 OppFi"#65 Most Americans Lack Savings and Credit Access 60 million lack access to traditional credit¹ 88888 88888 115 million live paycheck to paycheck² 1. Hamdani, Kausar, et al. "UNEQUAL ACCESS TO CREDIT The Hidden Impact of Credit Constraints. NewYorkFed.org, 2019 2. Bureau of Labor Statistics-U.S. Full- and Part-Time Workers; Friedman, Zack 78% Of Workers Live Paycheck To Paycheck"Forbes.com, January 11, 2019 3. Elkins, Kathleen. "Here's how much money Americans have in their savings accounts,"CNBC.com, Sept 13, 2017 150 million have less than $1,000 in savings³ OppFi"#7We Help Everyday Consumers Solve Everyday Problems 6 Our typical customer: • Thick File 10 • Median Income Employed Bank Account >30 Years Old 10 • Educated • No Savings OppFi customers can use proceeds for any unexpected expense Car Trouble Family Housing Medical Education OppFi"#8OppFi Powers Banks to Unlock Credit Access for the Everyday Consumer 7 Consumers ✓ 5 minute application process ✓ Instant access to fair, transparent credit ✓ Opportunity to build financial health Value to Customers OppFi" L (800) 990-9130 Hi! I'm Anderson Before we get your application started. here's what you should have ready. Personal Information Date of Birth Social Security Number Income Particulars Frequency Monthly income Banking Details Account Type Account & Routing Number Age of Account where majority of income is deposited) START Best-In-Class Financial Technology Platform Banks ✓ Best-in-class mobile acquisition ✓ Alternative data, Al powered underwriting algorithms ✓ Industry-leading, tech enabled customer service Value to Bank Partners OppFi"#9We Leverage Billions of Data Points to Make Credit Scores Obsolete OppFi's proprietary algorithms powered by Al better predict ability and willingness to repay 8 ~7 Billion Data Points Al-Powered Proprietary Scoring Algorithm O hay 10+ Million Applications 1.5+ Million Loans 14+ Million Repayments ~500 Attributes per Repayment OppFi"#10The Digital Financial Services Destination for the Everyday Consumer Our platform leverages proprietary technology to best serve the Everyday Consumer 9 OppFi" ✓ Digitally enabled lending platform ✓ Best-in-class customer experience ✓ Real-time data analytics powered by Al ✓ ~75% of decisions are automated ✓ Diverse marketing strategy ✓ Experienced FinTech Management ORIGINAL INSTALLMENT PRODUCT Credit Access Loan OppLoans by OppFi Near Prime Lending Upstart LAUNCHED DECEMBER 2020 Auto Lending OpenLending Payroll Deduction Lending Salary Tap by OppFi POTENTIAL FUTURE OPPFI PRODUCTS AND CURRENT MARKET PARTICIPANTS Point of Sale Lending affirm Katapult PLANNED LAUNCH IN H2 2021 Mobile Banking & Debit chime Credit Cards OppFiCard by OppFi Mortgage loan Depot ROCKET guaranteed Rate Investment Platform robinhood OppFi"#1110 Vast, Underserved Market Opportunity ~150 million U.S. Adults with Less Than $1,000 in Savings¹ Salary Tap by OppFi OppFi Card by OppFi ~$21bn² Nonprime Credit Cards OppLoans by OppFi 1-$27bn³ Installment Loans 1 Implies Current Penetration of <1% ~$32bn4 Payroll Deduction Lending | Represents recent and planned product expansions in adjacent markets 1. Elkins, Kathleen. "Here's how much money Americans have in their savings accounts. "CNBC.com, Sept 13, 2017 2. US Census Bureau and Experian - Based on adult population of US (-255mm) as of July 1, 2019 multiplied by population within 580-869 credit band (-18%) multiplied by -30% approval rate of target population (-40mm) qualified to receive credit card with $1.500 credit limit 3. Hamdani, Kausar, et al. "UNEQUAL ACCESS TO CREDIT The Hidden Impact of Credit Constraints." NewYorkFed.org. 2019-Based on qualified portion (-30%) of target population (-60mm) receiving $1,500 installment loan issued principal 4. DailyPay, US Bureau of Labor Statistics and US Census Bureau - Based on adult population of US (-255mm) multiplied by employment rate as of February 2021 (-58%) multiplied by the percentage of employed Americans relying on employer-offered financial assistance programs (-30%); assumes -30% of this target population (-53mm) qualified to receive $2,000 in payroll deduction lending OppFi"#12(4 Pa - = Key Company Highlights + 過 88888 88888 Consistent Growth 100%+5 year Revenue CAGR¹ GAAP Profitability since 2015 Projected Adj. Net Income of ~$66mm in 2021 and ~$88mm in 2022² Significant Scale Facilitated $2.3+ billion in issuance covering 1.5+ million loans APPLY Robust Customer Demand More than 2.5 million applications annually, of which 80% are mobile generated Leading Proprietary Credit & Technology Platform Real-time Al drives automation for -75% of decisions Exceptional Customer Satisfaction Net Promoter Score of 85; 10,000+ online customer reviews with 4.9/5.0 average rating 1. 2015 - 2020 2. Adj. Net Income represents-Adj. EBT tax-affected at 25% assumed tax rate. Pro forma for conversion for fair market value accounting. Includes anticipated recurring public company costs. 2021P projections include impact of recent additional government stimulus and assume a corresponding return to pre-COVID demand by the beginning of Q3 2021 OppFi"#1312 Platform with Proven Ability to Scale Profitably ($ in millions) 52% ¹17A - ¹23P Revenue CAGR $70 Revenue ¹,2 $134 $268 $323 $418 $656 $875 "17A '18A 19A 20A 21P 22P 23P 50% ¹17A - ¹23P Adj. EBITDA CAGR $22 $52 17A 18A Adj. EBITDA 1,3 31% 39% $97 ¹19A 36% $99 $132 $182 ¹20A 21P 22P Margin 31% 32% 28% $254 23P 29% 50% ¹17A - ¹23P Adj. Net Income CAGR $11 16% Adj. Net Income ¹,4 $28 Note: Reconciliation of non-GAAP to GAAP financials for 2017 through 2020 located in Appendix pages 29-31 1. 2021P projections include impact of recent additional government stimulus and assume a corresponding return to pre-COVID demand by the beginning of Q3 2021 2. Revenue pro forma for fair market value accounting, The Company is transitioning from an expected credit loss application to a fair market value application acceptable under US GAAP 3. Adj EBITDA pro forma for fair market value accounting, 2021P-2023P include anticipated recurring public company costs 4. Adj. Net Income represents Adj. EBT tax-affected at assumed tax rate of 25%. Pro forma for fair market value accounting, 2021P-2023P include anticipated recurring public company costs $53 21% $53 17A 18A 19A 20A 21P 22P '¹23P Margin 17% 16% 13% 20% $66 $88 $127 15% OppFi"#1413 1Q21 Results ($ in 000s) Net Income Adj. Revenue¹ Adj. EBITDA¹ Adj. Net Income² Key Metrics Net Originations Adj. EBITDA Margin Adj. Net Income Margin Net Charge-Offs as % of Average Receivables Automatic Approval Rate Total Cash Unaudited Quarter End March 31, 2021 2020 $24,384 84,257 32,361 19,256 $99,809 38% 23% 31% 41% $95,965 $16,897 88,970 24,945 13,011 $124,146 28% 15% 46% 19% $45,657 Key Highlights Net Income increased 44% to $24.4 million for first quarter of 2021 vs. 2020 . ♥ Adjusted Revenue nearly equal to previous year despite negative impact of government stimulus o Net Originations up 32% for the first quarter of 2021 vs. 2019 o April 2021 net originations more than doubled year- over-year and increased 23% month over month, with higher sequential growth expected in May Year over year cash growth driven by cash flow from operations; funding capacity over $500 million as of March 31, 2021³ Automatic approval rate increased quarter over quarter to 41% from 26% from enhancements to auto- decisioning artificial Intelligence Not Reconciation of nan GAAP to GAAP inancials for 01 2019 through 01 2021 located in Appendix pages 32-33 1. Ad. Revenue and Ad. EDITDA presented pro forma for fair value accounting 2021P include anticipated recurring public company costs 2 Ad. Net Income Ad. EDT alocat sumed txt of 25% Proforma for a market value accounting, 2021 include ancipated recurring public company costs 3. Includes al financing commitments and cash on balance shoo OppFi"#15+ Appendix OppLoans Come as you are. Leave in control. Sign In Forgot password? Apply for an account Loans About Us Resources Help Apply Now Sign in#1615 Non-Prime Customer More Consistent Following Economic Disruption Coupled with short duration of product, this customer shows more resiliency than higher credit score segments in economic dislocations % Change in Delinquency from Before to During Time of Economic Stress 106% 48% (12%) Dot Com Bubble (2001-2002) 220% 92% 31% Post-Katrina (2005) ■ Prime ■ Near Prime ■ Subprime Source: Federal Reserve Bank of New York Consumer Credit Panel, Equifax, "Personal Loan Performance During Times of Stress" by TransUnion 2016 Note: VantageScore 3.0 Risk Ranges: Prime=661-720; Near Prime = 601-660: Subprime = 300-800 1. Represents Auto Market Collapse / Financial Crisis 126% 85% Detroit (2007-2009)¹ (27%) OppFi"#1716 Resilient Credit Performance during COVID-19 We demonstrated our ability to withstand the most challenging economic conditions Delinquency¹ First Payment Defaults² Charge-Offs³ 1. Average of quarterly delinquency data 2. Average of monthly FPD data (new and refi) 3. Net Charge-offs as a % of gross revenue Pre-COVID (Avg. 2019) 12.4% 3.5% 33% FY2020 10.8% 3.2% 28% Active communication with customers and willingness to skip payments when requested Avoided hardest hit industries with job loss Stimulus + reduced spending + customer loyalty OppFi"#18+ FG New America OppLoans Come as you are. Leave in control. Sign In Forgot password? Apply for an account Loans About Us Resources Help Apply Now Sign in#1918 FG New America Acquisition Corp FG New America Team . ■ Joe Moglia, Chairman Retired Chairman and CEO of TD Ameritrade and former executive at Merrill Lynch Grew TD Ameritrade from $700 million market cap to $20 billion+ market cap and sold to Charles Schwab Chair of Athletics and Former Head Football Coach at Coastal Carolina University Co-Founder of Fundamental Global (FG) i Larry Swets, CEO Founded Itasca Financial and sold to Kingsway Financial Services, where he became CEO SPAC Merchant Banker with public company executive and board experience including GreenFirst Forest Products, FG Financial Group and Limbach Holdings ■ Kyle Cerminara, President Co-Founder and CEO of Fundamental Global (FG) Former Buyside at T. Rowe Price, Point72 and Highside Institutional Investor Magazine Best of Buyside for Financial Sector (2006) OppFi"#20FGNA Investment Thesis 19 1 2 3 Strong Management; #1 Priority Our Philosophy: Long-Term Partnership Not All SPAC Targets Are Created Equal 3 Historically Profitable 2018-20 Profitability Targets¹ in 2021 477 8 70 SPAC Announced Targets IPOS Combinations Projecting since GAAP since 1/1/2021 1/1/2020 OppFi" Only Profitable Target with 50%+18-¹20 Revenue CAGR 4 5 Operating Success · 100%+¹15A-¹20A Revenue CAGR 52% '17A-¹23P Estimated Revenue CAGR 2021P Financial Highlights: Revenue of $418mm (+29% YoY Growth) Adjusted Net Income of $66mm (+24% YoY Growth)² Valuation2,3 + Implied 2022P Multiples (NOT 2026) 5.0x TEV/Adjusted EBITDA 9.1x P/E 1.4x TEV/ Revenue Source: Company Fillings, SPACinsider and Dealogic Market as of 3/7/2021 Note: Reconciliation of non-GAAP to GAAP financials for 2017 through 2020 located in Appendix pages 29-31; 2021P projections include impact of recent additional government stimulus and assume a corresponding return to pre-COVID demand by the beginning of 08 2021 1. Defined as having positive GAAP net income for fiscal years ended 2018 through 2020 2. Adj. Net Income represents Adj. EBT tax-affected at assumed tax rate of 25%. Pro forma for fair market value accounting, 2021P-2023P include anticipated recurring public company costs; Adj, EBITDA pro forma for fair market value accounting. 2021P-2023P include anticipated recurring public company costs 3. Excludes any impact of working capital adjustments at close as well as impact of -5.8 million Sponsor warrants struck at $11.50 and $15.00, -11.9 million Public Warrants struck at $11.50 and 25.5 million seller earnout shares released at share price hurdles of $12.00, $13.00 and $14.00 OppFi"#2120 FGNA Investment Thesis (cont'd) 6 Balance Sheet @ • $96mm Cash (as of 3/31/2021) $550mm Total Liquidity (as of 3/31/2021) 7 Market Opportunity 150 million have less than $1,000 in savings¹ 115 million live paycheck to paycheck² 60 million lack access to traditional credit³ 8 Al-Powered FinTech Platform 9 Risks and Mitigants OppLoans Transition to OppFi: A multi-product platform CREDIT Growing rapidly while loss curves have remained stable Short duration loans quickly prove customer creditworthiness Non-prime consumers are resilient through cycles Reasonable covenants on credit facilities • SINGLE-PRODUCT CONCENTRATION $80 billion TAM in Installment Loans, Salary Tap, Credit Cards 2022 Near Prime Expansion REGULATORY + How else would a business / bank prudently and fairly provide credit access to 20 mm families? Federal Reserve study confirms small dollar loans require higher APR to breakeven4 $594 loan requires 104% APR to breakeven $2,530 loan requires 36% to breakeven "Turn Up" helps customers find best rates, beginning with 3rd parties Products are fair and transparent # . When a customer can't pay, repayment plan gets modified Borrowers incredibly satisfied, NPS of 85 and A+ from BBB Source: Company Filings, CNBC, Forbes, Federal Reserve 1. Elkins, Kathleen. "Here's how much money Americans have in their savings accounts."CNBC.com, Sept 13, 2017 2. Bureau of Labor Statistics-U.S. Full-and Part-Time Workers; Friedman, Zack. 78% Of Workers Live Paycheck To Paycheck"Forbes.com, January 11, 2019 3. Hamdani, Kausar, et al. "UNEQUAL ACCESS TO CREDIT The Hidden Impact of Credit Constraints." NewYorkFed.org, 2019 4. Chen, Lisa and Elliehausen, Gregory. The Cost Structure of Consumer Finance Companies and Its Implications for Interest Rates: Evidence from the Federal Reserve Board's 2015 Survey of Finance Companies." Federal Reserve.gov. Aug 12, 2020 OppFi"#2221 Not Just About the Numbers TD Ameritrade & OppFi ✓ Mission-driven organizations TD Ameritrade: To bring financial literacy to every family in America OppFi: To bring financial inclusion to the Everyday Consumer ✓ Ameritrade and OppFi Comparison Ameritrade in 2001: • • 6 ● · . Consistently losing money $700M market cap, $24B client assets Intense focus on core competencies turned company around OppFi already does this TD Ameritrade in 2020: Schwab Deal: $26B market cap + $14B synergies + $1.5T client assets OppFi vs TD Ameritrade Personal OppFi enhances the quality of life of the families who are shut out of the traditional financial system OppFi"#2322 + The OppFi Advantage OppLoans Loans About Us Resources Google i Apply Now 4.9 CUSTOMER RATING A platform that puts you in control Reclaim your financial future Blog BBB AGAMES Help A+ RATING Apply Now lendingtree CUSTOMER RATING Sign In#2423 Scalable, Diversified, Next Generation Marketing Platform Highly transferable marketing technology stack will drive new product growth Diverse Marketing Strategy 4 Substantial shift away from Direct Mail towards lower cost Non-Direct Mail 76.1% 81.6% [III 23.9% 18.4% 56.6% 43.4% 2017 2018 ■ Direct Mail 2019 84.1% Non-Direct Mail 1 15.9% 2020 Decreasing Total Cost Per Funded Loan Over Time credit karma lendingtree $192 $103 104,493 56,045 1. Represents Search Engine Optimization, Email Marketing. Customer Referrals, Strategic Partnerships and Other 2. Represents marketing cost per funded loan for new and refinance loans 3. Represents marketing cost per funded loan for new loans 2017 $177 ...plus 50+ others $79 281,256 2018 2019 Total Funded Loans -Average Total Loan mCPF2 New Funded Loans Average New Loan mCPF 3 Marketing Partners powered by OppFi's proprietary API - "Leads Decision Engine" EVEN 121,992 $183 lendingtree credit sesame QUINSTREET $71 518,111 212,593 $211 $62 509 833 149 262 2020 OppFi"#2524 Proprietary Al Powered, Credit Decisioning Algorithms... Our proprietary algorithms look beyond credit score to instantly identify borrowers who have the ability and willingness to repay Decisions Powered By... ...Result in Stable Write-offs by Cohort...1 Consumer Behavior I$I Bank Data Alternative Bureau Data Income Data Employment Data 20.0% 16.0% 12.0% 8.0% 4.0% 10 1. Q3 vintages since 2017 2. OppFi analysis of UW4 Score (internal underwriting model) versus Vantage 4 Score 20 -2017 Week -2018 30 40 -2019 Marketing Source Half of OppFi's loans are awarded to customers with less than 550 FICO 50 -2020 ...Despite More Approvals² 29% more loans approved than by traditional credit scores OppFi™™ Continue to review details about your credit OppFi"#2625 ...Powered by Modern and Leverageable Technology Stack OppFi" L39990-9130 Hi! I'm Anderson. Before we get your application started. here's what you should have ready Personal information Income Particulars Banking Details START 18 $18 Million 2020 Technology Spend¹ -45% Percentage of corporate employees in technology, product, credit or analytics 1. Technology spend represents cash expense of full time employees and vendor spend 1₂ 100% Cloud Platform Leads Decision Engine Machine Learning Bank Verification Income Verification J > Al Powered Conversion, Approvals & Servicing Next Best Action Workflow Optimization Continuous A/B Testing Real-time Data & Analytics Microservice Infrastructure snowflake Modern Data Warehouse OppFi"#2726 Driving Operational Leverage via Automation and Productivity Tools Continued increases in operational leverage positions OppFi well for post-COVID demand Increasing Automated Approvals 0% E-1T 7% Auto Approval Rate (AAR) Dec-18 اس ان 18% EC-19 Dec-20 Increasing Application Conversion Mar-21 9% Total Funded Loans/Applications Dec-17 16% DE-1E DEC-15 Dec-20 Mar-21 OppFi"#2827 + Financial Performance#2928 Growth Strategy and Drivers Potential for Continued Growth in Receivables ($ in millions) Installment Loans $164 2018A 34% '18A - ¹23P CAGR • Assumed return to pre-COVID demand Improved conversion rate optimization of acquisition funnel Operational leverage driven by technology gains in automation and productivity Stable credit # + $282 2019A 47% CAGR (2018A-2023P) $276 2020A Salary Tap Employer adoption of financial wellness Maturation of instant payroll verification and allotment tools $510 195% '21P - ¹23P Growth 1. 2021P projections include impact of recent additional government stimulus and assume a corresponding return to pre-COVID demand by the beginning of 03 2021 2021P¹ • $800 2022P Credit Card $1,145 2023P 102% 21P-23P Growth Extension of customer loyalty to graduation product • Potential disruption of large market where current players lack in mobile acquisition and user experience, offer low limit products with high fees as % of principal, and provide poor customer service OppFi"#3029 OppFi Current Audited Financials EBT to Fair Market Value EBT Reconciliation ($ in millions) Current Audited Financials EBT¹ Loan Loss Reserve Adjustment Capitalization Adjustment Increase / (Decrease) in FMV Pro Forma Fair Market Value EBT² Taxes³ Pro Forma Fair Market Value Net Income 2017A $2.6 6.8 (1.2) 4.7 $12.9 (3.2) $9.6 2018A $9.7 18.7 (6.5) 13.9 $35.8 (8.9) $26.8 2019A $33.0 26.0 (8.3) 17.7 $68.4 (17.1) $51.3 Note: Excludes transaction expenses 1. Represents Net Income as reported in audited financial statements, as the Company does not have tax liability under current LLC pass-through structure 2. The Company is transitioning from an expected credit loss application to a fair market value application acceptable under US GAAP. Historically under the expected credit loss application, the Company has reserved for life losses due to the short duration of receivables 3. Assumes tax rate of 25% 2020A $77.5 1.1 4.9 (16.9) $66.7 (16.7) $50.0 OppFi"#3130 OppFi Current Audited Financials EBT to Adjusted EBT Reconciliation ($ in millions) Current Audited Financials EBT¹ Recruiting Fees, Severance & Relocation Amortization of Debt Transaction Costs Other Addback and One-Time Expenses² Current Financials Adj. EBT Taxes³ Current Financials Adj. Net Income 2017A $2.6 0.2 0.5 1.1 $4.4 (1.1) $3.3 Note: Excludes transaction expenses 1. Represents Net Income as reported in audited financial statements, as the Company does not have tax liability under current LLC pass-through structure 2. Includes one time implementation fees, stock compensation expenses, IPO readiness costs and management fees 3. Assumes tax rate of 25% 2018A $9.7 0.4 0.5 0.5 $11.2 (2.8) $8.4 2019A $33.0 0.3 1.8 0.5 $35.6 (8.9) $26.7 2020A $77.5 0.2 1.9 2.4 $82.0 (20.5) $61.5 OppFi"#3231 OppFi Fair Market Value EBT to Fair Market Value Adj. EBT and EBITDA Reconciliation ($ in millions) Pro Forma Fair Market Value EBT Recruiting Fees, Severance & Relocation Amortization of Debt Transaction Costs Other Addback and One-Time Expenses¹ Pro Forma Fair Market Value Adj. EBT Taxes² Pro Forma Fair Market Value Adj. Net Income Taxes² Depreciation and Amortization Interest Expense Business (Non-income) Taxes Pro Forma Fair Market Value Adj. EBITDA Note: Excludes transaction expenses 1. Includes one time implementation fees, stock compensation expenses, IPO readiness costs and management fees 2. Assumes tax rate of 25% 2017A $12.9 0.2 0.5 1.1 $14.7 (3.7) $11.0 3.7 0.9 6.2 $21.8 2018A $35.8 0.4 0.5 0.5 $37.2 (9.3) $27.9 9.3 2.4 12.0 0.3 $51.9 2019A $68.4 0.3 1.8 0.5 $71.0 (17.8) $53.3 17.8 4.3 20.7 1.1 $97.0 2020A $66.7 0.2 1.9 2.4 $71.2 (17.8) $53.4 17.8 6.7 19.3 1.5 $98.7 OppFi"#3332 OppFi Quarterly EBT to Adj. EBT and Adj. EBITDA Reconciliation Unaudited Quarter End March 31, ($ in thousands) EBT¹ Fair Value Adjustment Debt Amortization Other Addback and One-Time Expenses² Adjusted EBT Less: Pro Forma Taxes³ Adjusted Net Income Pro Forma Taxes³ Depreciation and Amortization Interest Expense Business (Non-income) Taxes Adjusted EBITDA 2021 $24,384 521 769 $25,674 (6,418) $19,256 6,418 2,165 4,087 435 $32,361 2020 $16,897 (123) 520 56 $17,348 (4,337) $13,011 4,337 1,397 6,027 173 $24,945 Note: Excludes transaction expenses 1. Represents Net Income as OppFi does not have tax provision under its pass-through structure as a limited liability company 2. Includes one time implementation fees, stock compensation expenses, IPO readiness costs and management fees 3. Assumes a tax rate of 25% reflecting the U.S. federal statutory rate of 21% and a blended statutory rate for state income taxes, in order to allow for a comparison with publicly traded companies Variance (%) 44.3% 0.2% 1,273.2% 48.0% 48.0% 48.0% 48.0% 55.0% (32.2%) 151.4% 32.1% OppFi"#3433 OppFi Quarterly Revenue to Adj. Revenue Reconciliation Unaudited Quarter End March 31, ($ in thousands) Total Revenue Amortization of Loan Origination Costs Adjusted Revenue 2021 $84,257 $84,257 2020 $74,654 14,316 $88,970 Variance (%) 12.9% (5.3%) OppFi"#3534 + Benchmarking & Valuation#3635 Upstart, Katapult and Affirm: Business Comparison OppFi"* Consumer Finance Originator Proprietary Al for Credit Decisioning Highly Automated Decisioning Utilizes Bank Partnership Model Diverse Marketing Strategy Multiple Years of GAAP Profitability Core Delivery Model Core Customer Demographic Net Promoter Score Capital Markets Execution | t | | ✓ Source Company Filings, Wall Street Research 1. NPS albank partners lending programs 2. Company retains -34% of its originated recevables on bace sheet ✓ Bank Sponsored Origination Non-prime 85 Hybrid | Upstart Katapult affirm ✓ ✓ Bank Sponsored Origination Near Prime 791 Third Party Institutional Sales² ✓ ✓ E-Commerce Lease to Own Non-prime 47 Warehouse ✓ E-Commerce Lease to Own Prime 78 Hybrid OppFi"#3736 Upstart, Katapult and Affirm: Financial Comparison OppFi*** $323 million 2020A Revenue 2020A Adj. EBITDA Margin ¹18A¹20A Revenue CAGR Product Market Cap 2021P TEV / EBITDA 2022P TEV / EBITDA 2021P P/E 2022P P/E 1 1 + 1 31% 55% 11 months, $1,500 -$800 million 6.9x 5.0x 12.2x 9.1x Upstart Katapult affirm $233 million 13% 53% 3 to 5 years, $1,000 to $50,000 -$8 billion >50x >50x >50x >50x $250 million 2. Equity value based on FSRV clasing share price multiplied by pro forma luty diuled share outstanding of 962mm. Based on company investor presentation dated 12/1820 3. Based on Adj. Operating Loss 4 Represents revenue CAGR from fiscal you anding June 30, 2019 through betwelve months onding December 31, 2020 16% 141% 10 to 18 months, $100 to $3,500 -$1.1 billion 15.6x 7.2x 22.9x 11.4x $670 million Negative EBITDA³ 86%4 6 weeks to 48 months, up to $17,500 -$17 billion Negative EBITDA Negative EBITDA Negative Net Income Negative Net Income Source Company Flings. Wall Scout Research, Market 5/11/21 Nain: Enterprise Value includes corporate and operational debit and excludes dobt and cash asributable to VIES Projections represent mean Thomson consensus eximinos 1. Ad. EBTDA and Ad. Net Income pro form for for market value accounting and include anticipated recurring public company cos 2021 projections include impact of recent addisonal government simulues and assume a corresponding return to pre COVD demand by the beginning of 00 2021, Market Cap excludes any impact of working capita aqusiness a dose as well as impact of 56 million Sponsor warrants struck at $11.50 and $15.00 -11.9 million Public Warrants stuck $11.50 and 25.5 million eller amous share med at the pricehudies of $12:00, $10.00 OppFi"