Open Lending

Open Lending provides automated lending services to financial institutions. The company specializes in loan analytics, risk-based pricing, risk modeling and automated decision technology for automotive lenders throughout the United States. The company was founded in Austin, TX in 2000 and is privately owned. Its flagship product, the Lenders Protection Program is a unique auto lending program for direct and/or indirect loans that provides a powerful and safe way for lenders to increase near and non-prime auto loan volumes and yields without adding risk to their loan portfolio. Lenders Protection combines sophisticated risk-based pricing models, configured to each lender’s individual cost factors and financial targets, with reliable loan default insurance provided by AmTrust Financial Services, an “A” rated third party insurance company.
Type
Private
HQ
Austin, US
Founded
2000
Employees
35 (est)-2%
Open Lending was founded in 2000 and is headquartered in Austin, US

Key People at Open Lending

John Flynn

John Flynn

CEO
Richard F. Watkins

Richard F. Watkins

Founder
Ryan Collins

Ryan Collins

CTO
Ross Jessup

Ross Jessup

CFO

Open Lending Locations

Austin, US
Washington, US
Sacramento, US
Los Angeles, US
Portland, US
Seattle, US

Open Lending Metrics

Open Lending Summary

Founding Date

2000

Total Funding

$50 M

Latest funding size

$40 M

Time since last funding

9 months

Investors

Open Lending's latest funding round of $40 M was in March 2016. In total, Open Lending has raised $50 M.
40% of current employees of Open Lending are female and 60% are male.

Open Lending News

Open Lending Company Life

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