Company Information

Get to know FG New America

FG New America Acquisition Corp. was a blank-check company, also known as a Special Purpose Acquisition Company (SPAC), formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, or similar business combination. The company completed its Initial Public Offering (IPO) on the New York Stock Exchange in September 2020, raising capital to acquire a company primarily in the financial technology or financial services industry. In July 2021, FG New America successfully completed its business combination with Opportunity Financial, LLC ("OppFi"), a leading financial technology platform. Following the merger, the combined entity was renamed OppFi Inc. and began trading under the ticker "OPFI", at which point FG New America Acquisition Corp. ceased to exist as a separate entity.

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FG New America

United States

Founded in

2020 (6 Years)

Founded

Last online: No recent activity

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Markets.com

(326 reviews)

United States

2008

(18 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.