#1+ A Leading FinTech Platform for the Everyday Consumer OppFi*** Investor Presentation February 2021#21 Disclaimer 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, neither FGNA nor the Company makes any representation or warranty 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 any of their respective affiliates, directors, officers, 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 errors, 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 Securities 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," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking 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 satisfy other 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 COVID-19 on OppFi's business and/or the ability of the parties to complete the proposed business combination; (6) 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 risks and uncertainties indicated from time to time in the proxy statement relating to the proposed business combination, including those under "Risk Factors" therein, and in FGNA's other filings with the United States Securities and Exchange Commission. The foregoing list of factors is not exclusive. You should not place undue reliance 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. Financial Statements The audit for the Company's fiscal year end December 31, 2020 financial results included in this presentation is underway, and the Company's 2020 financial results are potentially subject to further adjustment. Investors are cautioned not place undue reliance upon these results. 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 financial measures in connection with GAAP results. You should review the Company's audited financial statements, which will included in any information or proxy statement, or prospectus or registration statement to be filed by FGNA with the SEC. A reconciliation for the Company's 2017 through 2020E non-GAAP financial measures to the most directly comparable GAAP financial measures is located in the Appendix pages 43-45. A reconciliation of the 2021P through 2023P non-GAAP financial measures to the most directly comparable GAAP financial measures is not included in this Presentation, because, without unreasonable 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 financial 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. Neither the Company's certified public accountant ("CPA") nor the independent registered public accounting firm of FGNA or the Company, audited, reviewed, compiled, or performed any procedures with respect to the projections for the purpose of their inclusion in this Presentation, and accordingly, neither 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 recipient is 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 recipient therefore should not rely on the estimates, forecasts 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, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful. No offer of securities 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****#3Table of Contents Intro To OppFi Key Investment Highlights Delivery Model & Product Financial Performance Benchmarking & Valuation Appendix 5 16 26 34 38 41 OppFi™#43 FG New America Acquisition Corp OppFi: Investment Thesis ✓ FinTech with Exponential Growth ✓ Massive Underserved Addressable Market ✓ Proprietary Al Underwriting Technology ✓ Strong Senior Management Team ✓ Industry Consolidation Opportunity ✓ Large Free Cash Flow Generation ✓ Devotion to Customer Service with NPS of 84 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) 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****#54 Transaction Overview Transaction Overview ● Implied pro forma fully diluted equity value of $803.0mm¹; implied enterprise value of $909.4mm² • Transaction multiples: ● Equity Value / Adj. Net Income: 12.2x (2021P), 9.1x (2022P)1,3,4 Enterprise Value / Adj. EBITDA: 6.9x (2021P), 5.0x (2022P)1,3,5 • Transaction expected to be fully funded through cash in trust with net proceeds going to pay cash consideration to existing OppFi shareholders6 ● • Current owners will initially retain ~62% ownership in public OppFi6 • The transaction is expected to close in Q2 2021 1. Assumes no redemptions and excludes any impact of excess working capital at close 2. Includes net debt of $106.4mm 3. 2021P projections exclude potential impact of additional government stimulus 4. Adj. Net Income represents Adj. EBT tax-affected at 25% assumed tax rate. Pro forma for fair market value accounting and includes anticipated recurring public company costs 5. Adj. EBITDA pro forma for fair market value accounting and includes anticipated recurring public company costs 6. Assumes a share price of $10.00. Ownership excludes dilutive impact of ~5.6 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 Pro Forma Ownership ¹,6 8% 30% O 62% Seller Rollover SPAC Investors FGNA Sponsor OppFi****#65 Introduction to OppFi OppLoans Loans About Us Resources Apply Now A platform that puts you in control Reclaim your financial future Applying does NOT affect your FICO® credit score! California Consumers, view the California Disclosures and Privacy Policy for information on what data we collect about you. Google 4.9 CUSTOMER RATING Blog BBB ACCREDITED BUSINESS Help A+ RATING Apply Now lendingtree 4.8 CUSTOMER RATING Sign In#76 Management Jared Kaplan OppFi, CEO insureon Goldman Sachs glassdoor TOP CEOS ACCRETIVE> FASTEST-GR Inc. 5000 RICA'S PRIVATE COMPANIES 7-Time Executive Shiven Shah OppFi, CFO ABN AMRO PEAK6 cíti OppFi****#87 Meet OppFi We facilitate financial inclusion and credit access to the 60 million Everyday Consumers who lack access to traditional credit through best available products and an unwavering commitment to our customers OppFi™**#98 Many Americans Lack Savings and Credit Access 88888 88888 8 of 10 Americans live paycheck to paycheck 58% of Americans have less than $1,000 in savings² 1. Friedman, Zack. "78% Of Workers Live Paycheck To Paycheck." Forbes.com, January 11, 2019 2. Elkins, Kathleen. "Here's how much money Americans have in their savings accounts." CNBC.com, Sept 13, 2017 3. Hamdani, Kausar, et al. "UNEQUAL ACCESS TO CREDIT The Hidden Impact of Credit Constraints." NewYorkFed.org, 2019 60 million Americans lack access to credit³ OppFi***#10OppFi's 100% Digital Solution Powers Banks to Deliver Credit Access to the Everyday Consumer 9 Consumers ✓ 5 minute application process ✓ Instant access to fair, transparent credit ✓ Opportunity to build financial health Value to Customers 144 OppFi Secure Form (800) 990-9130 Hi! I'm Anderson. Before we get your application started. here's what you should have ready. Personal Information Name, Address, Phone Number, Date of Birth, Social Security Number Income Particulars Income Type, Pay Method, Pay Frequency, Monthly Income Banking Details Account Type, Account & Routing Numbers, Age of Account (where majority of income is deposited) START Best-In-Class Financial Technology Platform Banks ✓ Best-in-class mobile acquisition ✓ Alternative data underwriting algorithms ✓ Industry-leading customer service Value to Bank Partners OppFi****#11The Digital Financial Service Destination for the Everyday Consumer Our platform leverages proprietary technology and human interaction to best serve the Everyday Consumer 10 OppFi*** ✓ Digitally enabled lending platform ✓ Best-in-class customer experience ✓ Real-time data analytics powered by AI ✓ ~75% of decisions are automated ✓ Diverse marketing strategy ✓ Experienced FinTech Management Launched December 2020 Payroll Deduction Lending SALARYTAP Powered by OppFi Near Prime Lending Upstart Planned Launch in H2 2021 Credit Cards Potential Future OppFi Products and Current Market Participants Mobile Banking & Debit chime LEEM CARDHOLDER OppF OppFi Card Point of Sale Lending affirm Katapult! Mortgage loan Depot ROCKET guaranteed Rate OppFi™#12Key Company Highlights + 過 88888 88888 Consistent Growth 100%+ 5 year Revenue CAGR¹ Strong Profitability Projected Adj. Net Income of ~$66mm in 2021 and ~$88mm in 2022² Significant Scale Facilitated $2.3+ billion in issuance covering 1.5+ million loans APPLY Robust Customer Demand More than 2.5 million applications annually, of which 80% are mobile generated Leading Proprietary Credit & Technology Platform Real-time Al drives automation for ~75% of decisions Exceptional Customer Satisfaction Net Promoter Score of 84; 10,000+ online customer reviews with 4.9/5.0 average rating 1. 2015-2020 2. Adj. Net Income represents Adj. EBT tax-affected at 25% assumed tax rate. Pro forma for conversion for fair market value accounting. Includes anticipated recurring public company costs. 2021P projections exclude potential impact of additional government stimulus OppFi"#13Customers Praise OppFi 12 A+ Accredited BBB Rating Business "You gave me a chance when no one else would" "The entire process was a breeze" "Terms were very reasonable...and transparent" "No penalties for early payoff" Unrivaled Customer Satisfaction Regardless of Credit Band 1. As of 1/11/21 lendingtree SATISFACTION TOP 3 CUSTOMER PERSONAL LOAN Google lendingtree 4.9 Customer Rating Customer Reviews 4.9 out of 5 1 OppFi#1413 Employees are Highly-Satisfied Impressive Growth FASTEST Inc. 2016 2017 2018 2019 2020 5000 #445 #219 #340 #321 #539 COMPANIES MERICA'S € PRIVATE Building a Tremendous Employee Culture glassdoor 2018 & 2019 Best Places to Work Inc. Chicago 2018 Top Chicago Tribune Workplace built in 2018 Best Places to Work 2019 Best Places to Work Chicago OppFi™#1514 Platform with Proven Ability to Scale Profitably ($ in millions) 52% '17A - ¹23P Revenue CAGR $70 '17A Revenue¹ $134 $268 $323 $418 $656 $875 '18A '19A '20E '21P ¹22P '23P 50% '17A - ¹23P Adj. EBITDA CAGR $22 '17A 31% Adj. EBITDA ¹,2 $52 $97 $99 39% 36% $132 $182 $254 '18A '19A '20E '21P '22P Margin 31% 32% 28% 29% ¹23P 50% '17A - ¹23P Adj. Net Income CAGR $11 Adj. Net Income ¹,3 $28 Note: Reconciliation of non-GAAP to GAAP financials for 2017 through 2020E located in Appendix pages 43-45 1. 2021P projections exclude potential impact of additional government stimulus 2. Adj. EBITDA pro forma for fair market value accounting. 2021P-2023P include anticipated recurring public company costs 3. 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 $53 $66 $88 $127 '17A '18A '19A '20E '21P ¹22P ¹23P Margin 16% 21% 20% 17% 16% 13% 15% OppFi****#16On Track to Become the Digital Financial Service Destination for the Everyday Consumer Unique customer base growing at 82% CAGR since Q1 2017 15 Unique Customers (Customers in 000s) 63 78 T 93 110 124 2017 Q1 2017 Q2 2017 Q3 2017 Q4 2018 Q1 Note: Cumulative number of unique customers on the OppFi platform 155 192 233 261 311 377 445 491 509 51% YoY Growth 547 594 2018 Q2 2018 Q3 2018 Q4 2019 Q1 2019 Q2 2019 Q3 2019 Q4 2020 Q1 2020 Q2 2020 Q3 2020 Q4 899 2021 P OppFi****#1716 Key Investment Highlights#18Key Investment Highlights + 17 Vast, Underserved Market Opportunity Scalable and Diversified Marketing Platform Proprietary Al-Powered Credit Decisioning Algorithms . Best-in-Class Customer Experience $ Exceptional Unit Economics 888 Expanding Ecosystem of New Products and Services Experienced FinTech Management Team OppFi****#1918 1 Vast, Underserved Market Opportunity U.S. Population Estimate ~330 million¹ Adult Population ~255 million¹ Target Credit Population ~60 million² Qualified Market (at 30%) ~18 million ~$27 billion³ Potential Annual Loan Originations 1. US Census Bureau 2. Hamdani, Kausar, et al. "UNEQUAL ACCESS TO CREDIT The Hidden Impact of Credit Constraints." NewYorkFed.org, 2019 3. Assumes $1,500 installment loan issued principal } Implies Current Penetration of <1% OppFi****#2019 2 100% Digital, Scalable & Proprietary Diversified Marketing Platform Diverse Marketing Strategy Decreasing Cost Per Funded Loan Over Time Substantial shift away from Direct Mail towards lower cost Non-Direct Mail 56.6% 43.4% 2017 76.1% 23.9% 2018 ■ Direct Mail Marketing Partners 81.6% 18.4% 2019 ■Non-Direct Mail ¹ 84.1% 1. Represents SEO, Email Marketing, Customer Referrals, Strategic Partnerships and Other 2. Represents marketing cost per funded loan for new and refinance loans 15.9% 2020 $103 104,493 2017 $79 281,256 2018 Total Funded Loans $71 518,111 2019 Average mCPF² credit karma lendingtree credit sesame QUINSTREET EVEN ...plus 50+ others $60 509,833 2020 OppFi****#2120 3 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 ~75% of Decisions are Automated 144 OppFi™™ (800) 990-9130 Hi! I'm Anderson. Before we get your application started. here's what you should have ready. Personal Information Name, Address, Phone Number, Date of Birth, Social Security Number Income Particulars Income Type. Pay Method, Pay Frequency, Monthly Income Banking Details Account Type, Account & Routing Numbers, Age of Account (where majority of income is deposited) START 10 144 OppFi**** Crunching the numbers... Sit tight! 10 144 OppFi™*** Thank you, Joana! You may be eligible for up to $2,600 after we verify your bank information. Continue Why do we need this? 10 144 OppFi™ Plaid Demo uses Plaid to link your bank ✓ Secure Transfer of your information is encrypted end-to-end ✓ Private m Your credentials will never be made accessible to Plaid Demo Continue By selecting "Continue" you agree to the Plaid End User Privacy Policy 144 OppFi**** Successfully Selected ACH Repayment Method! ||| Continue to review details about your credit score and sign your contract! Continue OppFi****#2221 3...Supported by Modern and Leverageable Technology Stack 144 OppFi**** (800) 990-9130 Hi! I'm Anderson. Before we get your application started. here's what you should have ready. Personal Information Name, Address, Phone Number, Date of Birth, Social Security Number Income Particulars Income Type. Pay Method, Pay Frequency, Monthly Income Banking Details Account Type, Account & Routing Numbers, Age of Account (where majority of income is deposited) START $18 Million in 2020 Technology Spend¹ 1. Technology spend represents cash expense of full time employees and vendor spend III करे Machine Learning Bank Verification Income Verification Y ➤ Continuous A/B Testing Real-time Data & Analytics Microservice Infrastructure snowflake Modern Data Warehouse OppFi™#2322 4 Best-in-Class Customer Experience OppFi is the market leader in customer satisfaction regardless of credit band, and compares favorably against iconic brands recognized for their superior customer satisfaction ratings Market Leading Net Promoter Score¹ 84 76 OppFi COSTCO HOLESALE 1. Satmetrix 2020 Consumer Survey 2. As of 1/11/21 71 USAAⓇ 70 Fa THE RITZ-CARLTON® 67 Vanguard® 57 36 Banking Average Recognized By Leading Customer Quality Indicators Google² *** ★ 4.9 Customer Rating BBB ACCREDITED 2 A+² RATING lendingtree² 4.9 Customer Rating OppFi****#2423 5 Exceptional Unit Economics Illustrative Lifetime Value of a Customer $1,657 2. 3. 4. 5. 6. Revenue Realized ¹ ($692) Net Write offs 2 ($200) 3 Acquisition Cost Note: Customer average length is 2.5 loans, with ~11 month weighted average life. ~75% of lifetime contribution occurs after the first loan 1. Revenue realized based on amortization schedule adjusted for prepay (lost interest income) and refinancing Represents write-offs net of recoveries assuming ~40% of revenue realized is written-off Assumes $200 cost per funded loan (CPF) on new loans; refinance loans incur no acquisition cost Includes customer center personnel costs (servicing and origination), underwriting and bank processing fees Represents interest expense paid by Company on debt-financed loan portion (82% of original loan) Represents pre-tax income per new loan origination ($138) Servicing Cost 4 ($92) Interest Expense 5 MOIC ~2.0x $535 Lifetime Contribution 6 OppFi****#2524 6 Expanding Ecosystem of New Products and Services We are leveraging our platform to become a premier financial services destination for the Everyday Consumer Launched December 2020 Payroll Deduction Lending SALARYTAP Powered by OppFi Planned Launch in H2 2021 Credit Card LEE CARDHOLDER Opp F OppFi Card Potential Future OppFi Products and Current Market Participants OppFi™™ Near Prime Lending Upstart Gateway opportunity to expanding core customer set, engaging already-built competencies Mobile Banking & Debit chime Point of Sale Lending affirm Katapult!< Mortgage loan Depot ROCKET guaranteed Rate OppFi****#2625 7 Experienced FinTech Management Team Jared Kaplan, President & CEO Joined OppFi in 2015 ● Shiven Shah, Chief Financial Officer Joined OppFi in 2017 Previously CFO for ABN AMRO Clearing Group Former Head of Finance for Chicago based prop trading group, Peak6 Held various Finance positions at Citigroup ● Karishma Patel Buford, Chief People Officer Joined OppFi in 2019 Over 12 years of leadership experience in human resources and talent management • Previously Head of Global Talent Management at Groupon ● ● Previously, Co-Founder and EVP of Insureon Led financial technology investing at Accretive, LLC, a private equity firm Former Investment Banker at Goldman Sachs & Co. in TMT John O'Reilly, Chief Marketing Officer Joined OppFi in 2016 ● ● Previously consulted for Agora as interim CMO, and prior to that was SVP Marketing at OptionsHouse Prior marketing roles at companies include Navistar, FTD.com, and Chicago Tribune Chris McKay, Chief Credit Officer • Joined OppFi in 2013 Most recently at Capital One, where he managed Credit Card Analytics for twelve retail partner products • Held management roles in both the Auto Finance and Credit Card Divisions at HSBC North America Todd Schwartz, Founder and Chairman Founded OppFi in 2012 Managing Principal at the Schwartz Capital Group Partner at Strand Equity Founder and CEO of Beach Coast Properties ● ● ● Sal Hazday, Chief Operating Officer Joined OppFi in 2017 Formerly SVP/GM Small Business Services at ADP in addition to various other leadership positions • Held various leadership roles at Office Depot, Adjoined Consulting and Accenture ● Stacee Hasenbalg, Chief Compliance Officer Joined OppFi in 2018 Over 20 years in banking and financial services including: General Counsel and CCO at Beyond Finance, CCO and BSA Officer at Avant Credit, Associate General Counsel & US Regulatory Liaison at BMO ● Yuri Ter-Saakyants, Chief Technology Officer Joined OppFi in 2020 Founding CTO of Insureon where he spent 9+ years building pioneer insuretech B2C, B2B, and B2B2C platforms ● ● . Previously held various leadership roles including SVP Technology at MediaOcean Marv Gurevich, General Counsel Joined OppFi in 2017 Held senior legal positions at Enova, Avant, Liberty Lending and Beyond Finance Prior to that had business roles at Deutsche Bank and Bank of New York OppFi****#2726 Delivery Model & Product <144 OppFi**** You've been approved. A little bit of certainty sparks endless possibility.#2827 We Serve the Median U.S. Consumer Typical Customer is the Everyday Consumer • Thick File • Median Income Employed Bank Account • >30 Years Old Educated ● ● ● ● No Savings OppFi customers can use proceeds for any unexpected expense, not just durable goods Car Trouble Family n Housing Medical Education OppFi****#29Typical Customer Journey OppFi offers customers a transparent pathway to building credit without trapping them in a cycle of debt 28 ● APPLY Customer Applies Online 80% Mobile Typically facing a financial emergency ● · "Turn Up" Process Perform diligent search on customers' behalf for sub-36% APR 92% of the time no offers of credit returned ● Approval & Funding In most cases, instant decisions with next day funding ● $ Servicing & Repayment Deliver Zappos-like customer happiness ● ● 000⁰ Rebuilding Financial Health Reward customers with better pricing over time Offer Financial Education through programs such as OppU ● Graduate to Mainstream Credit Provide pathway to lower cost, more mainstream products over time, such as Payroll Deduction Loans and Credit Cards OppFi****#3029 Superior Value Proposition Traditionally, financing options for the underbanked have been limited, with exorbitant interest rates and poor customer service Best product available ● ● ● Simple interest, amortizing installment loans with no balloon payments No origination fees ● No late fees • No NSF fees ● • No prepayment penalties Report to the 3 major credit bureaus Work compassionately with customers who require payment plan modification 1. Assumes $200 amount financed with $5 finance charge 7 days between the advance and employee's regularly scheduled paydate Underbanked Option APRS ~17,000% ~235%-330% Bank Overdraft Payday & Title Loans ~200% LTO 1 ~130% Earned Wage Access A Cheaper, Better Product for Non-Prime Average Loan Amount ~$1,500 Average Term ~11 Months 30% - 160% OppFi**** OppFi****#31Our Installment Product: Attractive Alternative to LTO + OppFi™ 30 Installment Financing • Affordable monthly payments Transparent Pricing • Cost of loan known up front • No fees Financing Options • Ability to finance anything ● • Not limited to durable goods Builds Customer Loyalty • Loyalty not tied to merchant Credit Building Features Reporting to 3 major credit bureaus Diligent search to secure mainstream financial product • Improved pricing with repayment ● Lease-to-Own Providers X x X x#3231 OppU, OppFi's Financial Education Platform ● An innovative education program offered that reinforces positive credit behavior At OppU, you learn to take control of your money ● Free, standards-aligned courses • Teach financial literacy in a way that's fun, practical, and easy to understand • Perfect for K-12, college students and adults Financial Literacy for All er Freshman: Spending Junior: Credit the Sophomore: Budget & Saving Senior: Debt & Loans OppFi****#33Why Salary Tap? Facilitate credit access at lower rates through payroll deduction • New payroll verification technologies make it easier to verify income, employment and secure repayment through deduction • Results in larger, lower priced loans for consumers with strong unit economics for banks and lending platforms • Can be sold direct, through employers or through financial wellness brokers 32 1 Apply online in minutes Confirm your employer and fill out our simple application. 2 Set up automatic payments Set up automatic payments from your paycheck and sign your contract. 3 Receive your funds Review and sign your contract and receive funds as soon as the next business day!* $ OppFi****#3433 Why the OppFi Credit Card? Our understanding of the Everyday Consumer makes OppFi a natural entrant to the credit card market Graduation product for OppFi customers • Ability to move up market nationally ● ● ● Can grab market share with higher limits, lower fees, mobile optimized user experience, outstanding customer service and rewards Virtual card with immediate issuance serves as potential foray into Point of Sale Opportunity to build financial health LEE M CARDHOLDER Opp Fi mastercard. OppFi****#3534 Financial Performance#3635 Summary Financial Projections: Income Statement ($ in millions) Revenue Adj. EBITDA² Adj. Net Income³ Key Metrics Revenue Growth Adj. EBITDA Margin Adj. Net Income Margin 2017A $70 22 $11 150% 31% 16% 2018A $134 52 $28 92% 39% 21% 2019A $268 97 $53 100% 36% 20% 2020E $323 99 $53 20% 31% 17% 2021P1 $418 Note: Reconciliation of non-GAAP to GAAP financials for 2017 through 2020E located in Appendix pages 43-45 1. 2021P projections exclude potential impact of additional government stimulus 2. Adj. EBITDA presented pro forma for fair market value accounting. 2021 P - 2023P include anticipated recurring public company costs 3. 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 132 $66 30% 32% 16% 2022P $656 182 $88 57% 28% 13% 2023P $875 254 $127 33% 29% 15% OppFi****#3736 Growth Strategy and Drivers ● ● ● ● Potential for Continued Growth in Receivables ($ in millions) Installment Loans $164 2018A Assumed return to pre-COVID demand Improved conversion rate optimization of acquisition funnel 34% '18A - ¹23P CAGR Operational leverage driven by technology gains in automation and productivity Stable credit 1. 2021P projections exclude potential impact of additional government stimulus ● ● $282 2019A 47% CAGR (2018A-2023P) $276 2020E Salary Tap $510 Employer adoption of financial wellness Maturation of instant payroll verification and allotment tools 2021P¹ 195% '21P - ¹23P Growth ● ● $800 2022P Credit Card $1,145 2023P 102% ¹21P - ¹23P 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****#3837 Capital Management Ample debt capacity to fund future growth without equity Estimated 2020 Year-End Liquidity Future Capital Allocation Strategy Available cash of $100 million • Total committed credit facilities of $470 million including $50M of additional corporate debt Utilization at 12/31/2020 estimated at 29% ● ● ● ● ● ● Continue growth in installment business funded through existing credit facilities and free cash flow generation Ramp Payroll Deduction and Credit Cards offerings Launch adjacent products in near-prime lending (i.e., mortgages, digital banking) Opportunistic acquisitions of complementary businesses OppFi****#3938 Benchmarking & Valuation#40Trading Comparables - Attractive Financial Profile 2020E - 2022P Revenue CAGR 2020E - 2022P EBITDA CAGR 39 OppFi Katapult! 43% 36% ⁰⁰⁰01 affirm Average: 50% 79% Average: 52% 94% 92% N/A 2 Point of Sale Lenders sezzle afterpay 77% N/A 54% 113% Progressive Leasing 13% 8% REPAY 19% 22%* PayPal 20% 23% Source: Company Filings, Wall Street Research. Market data as of 2/5/21 Note: Projections represent mean Thomson consensus estimates 1. Adj. EBITDA pro forma for fair market value accounting. 2021P and 2022P Adj. EBITDA include anticipated recurring public company costs 2. Forward estimates for Affirm unavailable at time of presentation. CAGRs shown using Revenue and EBITDA values for the period fiscal year ended 6/30/19 through 9/30/20 Upstart Average: 42% 47% Average: 7% 46% Lemonade Consumer Disruptors SoFi 38% metromile 61% .N/A........ ..N/A... 55% Root Insurance Co 67% N/A......... .N/A ROCKET (19%) (32%) OppFi****#41Trading Comparables - Exceptional Entry Valuation EV/2021 P EBITDA EV/2022P EBITDA OppFi Katapult 2 EPS 40 Price/2021 P EPS Price/2022P 6.9x 5.0x 12.2x 9.1x 2021P Average: 26.9x 2022P Average: 19.9x 26.2x .... 12.1x affirm 38.3x 2021P Average: 31.6x 2022P Average: 28.2x 19.0x N/A N/A Point of Sale Lenders sezzle afterpay >50.0x >50.0x>50.0x Negative EBITDA Negative NI >50.0x >50.0x Progressive Leasing 10.1x 8.9x 15.2×13.8x REPAY 28.9x 3 41.1x 24.1x 33.3x PayPal 42.5x 34.6x >50.0x 46.9x Upstart 2021P Average: 12.1x 2022P Average: 13.7x >50.0x>50.0x Lemonade metromile >50.0x>50.0x Negative EBITDA 2021P Average: 11.3x 2022P Average: 12.5x Consumer Disruptors SoFi 5 ::Negative:: NI N/A N/A 4 >50.0x >50.0x Root Insurance Co Source: Company Filings, Wall Street Research. Market data as of 2/5/21 Note: Enterprise Value includes corporate and operational debt and excludes debt and cash attributable to VIEs. Projections represent mean Thomson consensus estimates. Averages exclude >50.0x multiples 1. Adj. EBITDA and Adj. Net Income pro forma for fair market value accounting and include anticipated recurring public company costs. 2021P projections exclude potential impact of government stimulus 2. Equity value based on FSRV closing share price multiplied by pro forma fully-diluted shares outstanding of 96.2mm plus in-the-money earnout shares of 9mm & in-the-money warrants of 3.1 mm (using TSM). Based on company investor presentation dated 12/18/20 3. Pro forma for $440mm convertible note issuance, $130mm equity offering, pay down of outstanding senior secured term loan and acquisition of CPS Payment Services for $78mm in cash 4. Equity value based on INAQ closing share price multiplied by pro forma fully-diluted shares outstanding of 97.2mm plus in-the-money earnout shares of 10mm & in-the-money warrants of 2.3mm (using TSM). Based on company investor presentation dated 11/24/20 5. Equity value based on IPOE closing share price multiplied by pro forma fully-diluted shares outstanding of 865mm plus in-the-money warrants of 11.1mm (using TSM). Based on company investor presentation dated 1/8/21 Negative EBITDA :Negative::::::: Negative.::: NI NI ROCKET 12.1x 13.7x 11.3x 12.5x OppFi****#4241 Appendix OppLoans Come as you are. Leave in control. Email Password Sign In Forgot password? Apply for an account Remember me alle Loans About Us Resources Blog Help Apply Now Sign In#4342 Transaction Overview Sources & Uses ($mm) Cash in Trust¹ Seller Rollover Excess Cash From Balance Sheet Total Sources Seller Rollover Proceeds to Selling Shareholders¹ Estimated Transaction Expenses Total Uses Pro Forma Ownership¹,2,4 8% 30% 62% ■Seller Rollover ■SPAC Investors ■FGNA Sponsor $243 $500 $16 $759 $500 $243 $16 $759 ● ● ● Pro forma fully diluted equity value of $803.0mm, 12.2x multiple of 2021P Adj. Net Income or 9.1x multiple of 2022P Adj. Net Income3,8 Current owners will retain ~62% ownership in public OppFi¹,2,4 The transaction is expected to close in Q2 2021 Pro Forma Valuation ($mm) Share Price x Pro Forma Shares Outstanding 1,2 Pro Forma Equity Value + Net Debt5 Implied Enterprise Value Multiples 6,7 Equity Value/2021P Adj. Net Income8 Equity Value/2022P Adj. Net Income TEV/2021P Adj. EBITDA³ TEV/2022P Adj. EBITDA $10.00 80.300 $803 106 $909 1. Assumes no redemptions 2. Excludes any impact of excess working capital at close 3. Adj. Net Income represents Adj. EBT tax-affected at 25% assumed tax rate. Pro forma for fair market value accounting and includes anticipated recurring public company costs 4. Assumes a share price of $10.00. Ownership excludes dilutive impact of ~5.6 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. 5. As of 12/31/20. Pro forma for estimated transaction expenses 6. 2021P Adj. Net Income of $66.0mm based on pre-tax income of $88.0mm and assumed tax rate of 25%; 2022P Adj. Net Income of $87.8mm based on pre-tax income of $117.1mm and assumed tax rate of 25% 7. TEV / Adj. EBITDA multiples based on 2021P and 2022P Adj. EBITDA of $132.0mm and $182.0mm, respectively. Adj. EBITDA pro forma for fair market value accounting and includes anticipated recurring public company costs 8. 2021P projections exclude potential impact of additional government stimulus 12.2x 9.1x 6.9x 5.0x OppFi****#4443 OppFi Current Audited Financials EBT to Fair Market Value EBT Reconciliation ($ 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 $3 7 (1) 5 $13 (3) $10 2018A $10 19 (6) 14 $36 (9) $27 2019A $33 26 (8) 18 $68 (17) $51 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% 2020E $79 1 5 (17) $68 (17) $51 OppFi****#4544 OppFi Current Audited Financials EBT to Adjusted EBT Reconciliation ($ in millions) Current Audited Financials EBT¹ Recruiting Fees, Severance & Relocation Amortization of Debt Transaction Costs Other Addback and One-Time Expenses² Current Audited Financials Adj. EBT Taxes³ Current Audited Financials Adj. Net Income 2017A $3 0.2 0.5 1.1 $4 (1) $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 $10 0.3 0.6 0.6 $11 (3) $8 2019A $33 0.3 1.8 0.5 $36 (9) $27 2020E $79 0.1 1.9 1.1 $82 (20) $61 OppFi****#4645 OppFi Fair Market Value EBT to Fair Market Value Adj. EBT and EBITDA Reconciliation ($ 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 $13 0.2 0.5 1.1 $15 (4) $11 4 1 6 $22 2018A $36 0.3 0.6 0.6 $37 (9) $28 9 2 12 0.3 $52 2019A $68 0.3 1.8 0.5 $71 (18) $53 18 4 21 1 $97 2020E $68 0.1 1.9 1.1 $71 (18) $53 18 7 19 2 $99 OppFi****