Austin, Texas - May 18, 2021 - Abrigo, the leading technology provider of compliance, credit risk, and lending solutions for community financial institutions, is a new Ally member of the Opportunity Finance Network (OFN), the national association of community development financial institutions (CDFIs). With this new partnership, Abrigo aims to be a stronger advocate and supporter of the important work CDFIs are doing in communities across the country.
OFN provides capital, advocacy, and capacity building to help member and non-member CDFIs create impact in rural, urban, and Native communities nationwide.
“We’ve worked with CDFIs in the past to automate loan origination and expedite loan turnaround for these organizations. The faster they can make smart loans to support their communities, the faster they can advance another small business or community member,” said Jay Blandford, President at Abrigo. As an Ally member of the OFN, Abrigo will support the OFN and its membership, which includes about 300 CDFIs with nearly $27 billion in assets.