JG Wentworth Acquires Ottopay to Enhance Digital Debt Management

J.G. Wentworth

CHESTERBROOK, PAJG Wentworth has acquired Ottopay, a digital platform designed to manage and streamline debt repayment. Ottopay offers a comprehensive tool that helps consumers understand, manage, and pay off their debt more efficiently.

Ottopay creates tailored repayment plans that adapt to user behavior. It intelligently recommends ways for consumers to save on interest and improve their financial health. The platform analyzes credit cards, payment habits, and spending trends to present customized strategies for managing debt while avoiding late fees and unnecessary charges.

“We’re excited to bring this new solution to JG Wentworth’s clients to support them in their financial journey,” said Randi Sellari, CEO of JG Wentworth. “Managing debt responsibly is central to sound financial planning, and the Ottopay application will serve as a key resource for our clients to help them reach their goals.”

Jason Tepperman, President and Head of Lending at JG Wentworth, highlighted the benefits of Ottopay. “Ottopay delivers the insights and automation consumers need to take control of their financial well-being—saving money on interest and fees while building wealth. With Ottopay, consumers can tailor their payments on credit cards and other debts, removing friction and reducing the stress of managing their finances.”

Max Klein, Founder and CEO of Otto, the developer of Ottopay, praised the acquisition. “JG Wentworth’s iconic brand, trusted products, and nationwide reach provide a powerful foundation for building new offerings that can meaningfully improve the financial lives of everyday consumers.” Klein has joined JG Wentworth to help lead product development for the company’s digital initiatives.

This acquisition will provide JG Wentworth’s clients with advanced financial management tools and advice. Ottopay’s technology empowers consumers to save money and pay off debt using proven methodologies and digital-first guidance.

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