Oportun Stock
Microlending platform
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About Oportun Stock
Oportun uses advanced data analytics and technology to provide responsible, affordable personal loans to people with little or no credit history – people others consider “unscoreable.” Since its founding in 2005, Oportun has helped a million customers by disbursing more than $4 billion in small dollar loans and by reporting account information to credit bureaus so customers can establish the credit history they need. The company operates 240+ retail locations and delivers customer service in English and Spanish across all channels, including mobile. Oportun loans are currently available in Arizona, California, Illinois, Missouri, Nevada, New Mexico, Texas, and Utah.
Investors
BlackRock
Databricks, Rivian, View, Scopely, Relativity Space, Snyk, Jawbone, MessageBird, DataRobot, SambaNova Systems
CRV
DoorDash, Airtable, Bird, Fair, Cybereason, Twitter, Niantic, ClassPass, Recursion Pharmaceuticals, Freenome
DAG Ventures
Bloom Energy, FireEye, One Medical, Vectra, Eventbrite, Prosper Marketplace, Algolia, Oportun, Taulia, Mode Media
Fidelity Management and Research
MasterClass, Wheels Up, Rent the Runway, Somatus, ACV, The Honest Company, Cleerly, Oportun, 10X Genomics, MNTN
Greylock Partners
AppDynamics, Airbnb, Nuro, Dropbox, Pure Storage, Cloudera, Convoy, Blend, Rubrik, Domo
IVP (Institutional Venture Partners)
UiPath, Compass, Brex, Discord, Attentive, Coinbase, Rubrik, Domo, Niantic, MasterClass
TPG
Spotify, Zenefits, Toast, Box, Domo, Kaseya, Salsify, Course Hero, MX Technologies, Tanium
Funding History
| January 2006 | $1.3M |
|---|---|
| February 2007 | $5.0M |
| May 2008 | $11.0M |
| July 2010 | $28.0M |
| January 2011 | $20.0M |
| October 2011 | $30.0M |
| January 2012 | $18.4M |
| September 2013 | $46.6M |
| February 2015 | $90.0M |
Management
Chief Executive Officer
Raul Vazquez
Chief Legal Officer and Corporate Secretary
Scott Harvey
Chief Financial Officer & Chief Administrative Officer
Jonathan Coblentz
Vice President, Risk Management and Chief Credit Officer
Patrick Kirscht
Chief Technology Officer
David Needham
Chief Compliance Officer
Joan Aristei
Chief Operations Officer
Matthew Jenkins
Chief People and Diversity Officer
Sonia Clark
Press
americanbanker - Mar, 14 2019
Rivalry between two Silicon Valley lenders turns personalnews - Jun, 7 2018
Listo Brings In $8.5M To Provide Financial Services To LatAm CommunityGlobeNewswire (press release) - Jan, 11 2018
Oportun Opens First Retail Locations in New Mexico, Provides Responsible and Affordable Loans to Residents With ...American Banker - Jan, 10 2018
Small-dollar lender Oportun to open 20 offices in FloridaGlobeNewswire (press release) - Jan, 9 2018
Oportun Opening 20 Locations in Florida, Providing Affordable Loans for Residents With Little or No Credit HistoryOportun - Nov, 9 2017
Oportun Named to Deloitte’s 2017 Technology Fast 500™GlobeNewswire - Nov, 8 2017
Intuit CFO R. Neil Williams Joins Oportun Board of DirectorsYahoo! Finance - Oct, 6 2017
Where Consumers With Little or No Credit Can Get a LoanBusiness Wire (press release) - Sep, 29 2017
KBRA Assigns Preliminary Ratings to Oportun Funding VII, LLC, Series 2017-BBusiness Wire - Sep, 29 2017
http://www.businesswire.com/news/home/20170929005768/en/KBRA-Assigns-Preliminary-Ratings-Oportun-Funding-VIIFast Company - Jun, 29 2017
This Online Lender Uses Data Analytics To Serve Borrowers Who Lack Credit ScoresBusiness Wire (press release) - May, 18 2017
Kroll Bond Rating Agency Assigns Preliminary Ratings to Oportun Funding VI, LLC, Series 2017-ASan Francisco Business Times - Mar, 10 2017
Forty Under 40: David Needham, OportunFast Company - Jan, 13 2017
For Banking App Monese, Founded To Serve Migrants, Brexit Has Been Good For BusinessEquityZen does not have an affiliation with, formal relationship with, or endorsement from any companies featured above. This profile is based on publicly available information and is intended to be informative in nature.
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