Oportun Financial Corp., a startup that targets its financial services at people with little or no credit, filed plans for a $50 million IPO on Wednesday.
The San Carlos-based company, once known as Progress Financial or Progreso Financiero, showed that its revenue grew to $497.6 million in 2018 from $360.9 million in 2017.
It posted a profit of $123.4 million last year, compared to a loss of about $10.2 million the year before.
The company raised nearly $500 million in funding but hasn't done…
