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Pamela Johnson, CFO of OppFi Joins LawFi as an Advisor

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LawFi, a Legal Fintech Lender, has announced that Pamela Johnson, the current CFO of OppFi Inc. (NYSE: OPFI), has joined as an Advisor. Johnson will guide LawFi's financial team and activities, leveraging her extensive experience in consumer lending, financial management, and public company operations.

Johnson, who holds a Master of Accountancy and Bachelor of Business from Western Illinois University, will help LawFi develop banking relationships and secure funding for their innovative 'Legal Fee Loan' product. This new asset class aims to increase financial inclusion in the legal system by providing point-of-need legal fee loans and Retain-Now-Pay-Later™ options.

LawFi's mission focuses on addressing the Access-to-Justice Gap by creating financing options for legal fees and related costs, making legal representation more accessible regardless of financial situation.

LawFi, un prestatore fintech legale, ha annunciato che Pamela Johnson, l'attuale CFO di OppFi Inc. (NYSE: OPFI), è entrata a far parte del team come consulente. Johnson guiderà il team e le attività finanziarie di LawFi, sfruttando la sua vasta esperienza nel settore dei prestiti al consumo, nella gestione finanziaria e nelle operazioni di società quotate in borsa.

Johnson, che possiede un Master in Contabilità e una Laurea in Business presso la Western Illinois University, aiuterà LawFi a sviluppare relazioni bancarie e ad ottenere finanziamenti per il loro innovativo prodotto 'Legal Fee Loan'. Questa nuova classe di attivi mira ad aumentare l'inclusione finanziaria nel sistema legale, offrendo prestiti per spese legali al momento del bisogno e opzioni Retain-Now-Pay-Later™.

La missione di LawFi si concentra sull'affrontare il divario nell'accesso alla giustizia creando opzioni di finanziamento per le spese legali e i costi correlati, rendendo la rappresentanza legale più accessibile indipendentemente dalla situazione finanziaria.

LawFi, un prestamista fintech legal, ha anunciado que Pamela Johnson, la actual CFO de OppFi Inc. (NYSE: OPFI), se ha unido como asesora. Johnson guiará al equipo financiero de LawFi y sus actividades, aprovechando su amplia experiencia en préstamos al consumidor, gestión financiera y operaciones de empresas públicas.

Johnson, quien posee una Maestría en Contabilidad y una Licenciatura en Negocios de la Universidad de Western Illinois, ayudará a LawFi a desarrollar relaciones bancarias y asegurar financiamiento para su innovador producto 'Legal Fee Loan'. Esta nueva clase de activo tiene como objetivo aumentar la inclusión financiera en el sistema legal al proporcionar préstamos para tarifas legales en el momento de la necesidad y opciones Retain-Now-Pay-Later™.

La misión de LawFi se centra en abordar la brecha en el acceso a la justicia mediante la creación de opciones de financiamiento para tarifas legales y costos relacionados, haciendo que la representación legal sea más accesible independientemente de la situación financiera.

법률 핀테크 대출업체 LawFi가 Pamela Johnson이 현재 OppFi Inc. (NYSE: OPFI)의 CFO로서 고문으로 합류했다고 발표했습니다. Johnson은 소비자 대출, 재무 관리 및 상장 회사 운영에 대한 방대한 경험을 활용하여 LawFi의 재무 팀과 활동을 안내할 것입니다.

Western Illinois University에서 회계석사 및 경영학 학사를 취득한 Johnson은 LawFi가 은행 관계를 개발하고 그들의 혁신적인 'Legal Fee Loan' 제품에 대한 자금을 확보하는 데 도움을 줄 것입니다. 이 새로운 자산 클래스는 법률 비용 대출 및 Retain-Now-Pay-Later™ 옵션을 제공하여 법률 시스템에서 금융 포용성을 높이는 것을 목표로 합니다.

LawFi의 사명은 법률 비용 및 관련 비용에 대한 자금 조달 옵션을 만들고 재정 상황에 관계없이 법률 대리인을 보다 접근할 수 있도록 하여 정의에 대한 접근성 격차를 해소하는 데 중점을 두고 있습니다.

LawFi, un prêteur fintech légal, a annoncé que Pamela Johnson, l'actuelle CFO de OppFi Inc. (NYSE: OPFI), a rejoint l'équipe en tant que conseillère. Johnson guidera l'équipe et les activités financières de LawFi, en tirant parti de son expérience approfondie dans le prêt à la consommation, la gestion financière et les opérations de sociétés publiques.

Johnson, qui détient un Master en Comptabilité et une Licence en Gestion de l'Université de Western Illinois, aidera LawFi à développer des relations bancaires et à sécuriser des financements pour leur produit innovant 'Legal Fee Loan'. Cette nouvelle classe d'actifs vise à augmenter l'inclusion financière dans le système juridique en offrant des prêts pour frais juridiques au moment du besoin et des options Retain-Now-Pay-Later™.

La mission de LawFi se concentre sur la réduction de l'écart d'accès à la justice en créant des options de financement pour les frais juridiques et les coûts associés, rendant la représentation juridique plus accessible quel que soit la situation financière.

LawFi, ein rechtlicher Fintech-Kreditgeber, hat angekündigt, dass Pamela Johnson, die derzeitige CFO von OppFi Inc. (NYSE: OPFI), als Beraterin beigetreten ist. Johnson wird das Finanzteam und die Aktivitäten von LawFi leiten und dabei auf ihre umfangreiche Erfahrung im Verbraucherkreditwesen, im Finanzmanagement und in den Abläufen von börsennotierten Unternehmen zurückgreifen.

Johnson, die einen Master in Rechnungswesen und einen Bachelor in Betriebswirtschaft von der Western Illinois University besitzt, wird LawFi dabei helfen, Bankbeziehungen zu entwickeln und Finanzmittel für ihr innovatives Produkt 'Legal Fee Loan' zu sichern. Diese neue Anlageklasse zielt darauf ab, die finanzielle Inklusion im Rechtssystem zu erhöhen, indem sie bedarfsorientierte Kredite für Rechtskosten und Retain-Now-Pay-Later™-Optionen bereitstellt.

Die Mission von LawFi konzentriert sich darauf, die Zugangsproblematik zur Justiz anzugehen, indem sie Finanzierungsmöglichkeiten für Rechtskosten und verwandte Ausgaben schafft, um die rechtliche Vertretung unabhängig von der finanziellen Situation zugänglicher zu machen.

Positive
  • Addition of experienced public company CFO as advisor strengthens financial leadership
  • Strategic expansion into legal fee financing represents new market opportunity
  • Development of innovative financial product addressing unmet market need
Negative
  • Company still in development stage with unproven business model
  • Requires significant funding to launch and scale operations

JACKSONVILLE, Fla.--(BUSINESS WIRE)-- LawFi, Inc., (“LawFi”) a pioneering Legal Fintech Lender and the inventor of the “Legal Fee Loan” is pleased to announce the addition of Pamela Johnson to our growing team. Pam has signed on as an Advisor to help guide our financial team and activities.

Pam is the current Chief Financial Officer for the publicly traded specialty finance company, OppFi Inc. (NYSE: OPFI). She is a seasoned and respected CFO in the consumer lending space, having extensive public and private company experience in managing all aspects of accounting, financial reporting, taxes, and running a loan book. She is an expert financial management strategist and strong financial leader capable of overseeing our financial management and operations. Pam will help us cultivate and maintain banking and funding relationships to ensure we are well positioned to meet the expected demand for our new financial product and asset class of loans called the “Legal Fee Loan.”

Pam holds a Master of Accountancy and Bachelor of Business in Accountancy from Western Illinois University.

Ms. Johnson commented, “LawFi has an exciting future, and I’m thrilled to be a part of their mission. Everyone, no matter their financial situation, deserves representation. LawFi has identified a need and built a robust platform to fulfill that need. I look forward to working with their talented team to advise them on their financial strategy as they grow.”

Steven Highfill, Founder & CEO of LawFi commented, “I’m excited to have Pam join our team! She has extensive financial management experience managing and growing a consumer finance company. Her knowledge and skills as a seasoned CFO of both private and public finance companies will add significant value to our development and growth. She will help our team successfully launch and scale the company by providing exceptional financial advisory, helping secure the funding we need. With Pam on the team, I more confident now, more than ever, that LawFi can succeed in our mission to bring more financial inclusion to the legal market to narrow the access to justice gap.”

About LawFi, Inc.

(“LawFi”) is a privately held development stage Legal Fintech company focused on developing the first Legal Fee Financing platform. Our platform will bring more financial inclusion to the legal system that is currently void of any meaningful financing options. LawFi will help solve the longstanding Access-to-Justice Gap by generating the industry's first point-of-need legal fee loans and Retain-Now-Pay-Later™ options for financing legal fees and related costs.

Media:

Name: Cathy Kenton

Title: CMO

Company: LawFi Inc.

Phone: 858.354.9200

Email: cathy@lawfi.com

Source: LawFi, Inc.

FAQ

What impact will Pamela Johnson's advisory role have on OPFI's operations?

The press release indicates that Johnson will maintain her position as CFO at OPFI while serving as an advisor to LawFi, suggesting minimal impact on OPFI's operations.

What is the strategic significance of LawFi's Legal Fee Loan product?

The Legal Fee Loan is a new asset class designed to increase financial inclusion in the legal system by providing point-of-need financing options for legal fees, addressing the Access-to-Justice Gap.

How will Pamela Johnson's experience benefit LawFi's development?

Johnson's extensive experience in consumer lending, financial management, and public company operations will help guide LawFi's financial strategy, secure funding, and develop banking relationships.

What are LawFi's plans for market expansion and funding?

LawFi plans to launch and scale its Legal Fee Financing platform, with Johnson helping to secure necessary funding and maintain banking relationships to meet expected demand.

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