Oportun
OverviewSuggest Edit
Oportun (also known as Progreso Financiero) is a company providing personal loans to people with little or no credit history using data analytics and technology. The company also reports customer account information to credit bureaus enabling customers to establish a credit history.
| Type | Public | |
| Founded | 2005 | |
| HQ | Menlo Park, CA, US | Map |
| Website | oportun.com | |
| Employee Ratings | More | |
| Overall Culture | C+ | More |
Recent NewsAll News
- Oportun Reports Fourth Quarter 2020 Results
- Oportun to report fourth quarter 2020 financial results on Thursday, February 18, 2021
- Oportun Applies for National Bank Charter with the Office of the Comptroller of the Currency (OCC)
- Oportun and MetaBank announce partnership to make affordable and responsible personal loans available across the nation
Key People/Management at Oportun
Raul Vazquez
Chief Executive Officer
Ben Armstrong
Chief Marketing Officer
Casey Mueller
VP, Finance & Controller
Patrick Kirscht
Chief Credit Officer
David Needham
Chief Technology Officer
Denise Sterling
SVP, Finance
Oportun Office Locations
Oportun has offices in Menlo Park and Elizabeth
Elizabeth, NJ, US
128 Elmora Ave unit b
Oportun Financials and Metrics
Oportun Revenue
Oportun's revenue was reported to be $583.73 m in FY, 2020
| USD | |
|---|---|
Revenue (FY, 2020) | 583.7m |
Net income (FY, 2020) | (45.1m) |
Market capitalization (23-Feb-2021) | 440.1m |
Closing stock price (23-Feb-2021) | 15.9 |
Cash (31-Dec-2020) | 136.2m |
EV | 353.6m |
Oportun's current market capitalization is $440.1 m.
Annual
Annual
| USD | FY, 2016 |
|---|---|
Revenue/Employee | 384.1k |
Oportun Operating Metrics
Oportun's Active Customers was reported to be 695.7 k in FY, 2018.
Oportun Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| SpringboardAuto | October 09, 2018 | |
| Oportun Funding III, LLC | ||
| Oportun Funding II, LLC | ||
| Oportun Funding I, LLC | ||
| Oportun Funding IV, LLC | ||
| Oportun Funding IX, LLC | ||
| Oportun Funding VIII, LLC | ||
| Oportun Funding VII, LLC | ||
| Oportun Funding VI, LLC | ||
| Oportun Funding V, LLC |
Oportun Revenue Breakdown
Oportun revenue breakdown by business segment: 9.8% from Non-interest Income and 90.2% from Interest Income
Oportun Cybersecurity Score
Oportun Online and Social Media Presence
1.06k Twitter followers
Oportun has 1.06k Twitter Followers. The number of followers has increased 0.7% month over month and increased 2.7% quarter over quarter
Oportun's Trends
Twitter Engagement Stats for @oportun
138
Tweets
159
Following
1.1k
Followers
1
Tweets last 30 days
0
Avg. likes per Tweet
100%
Tweets with engagement
Oportun Company Culture
Overall Culture
C+
70/100
CEO Rating
A
80/100
Compensation
D
50/100
Diversity
C
63/100
Oportun News and Updates
February 18, 2021
Oportun Reports Fourth Quarter 2020 Results
Net Income of $8.5 million or $0.29 per diluted share
February 01, 2021
Oportun to report fourth quarter 2020 financial results on Thursday, February 18, 2021
SAN CARLOS, Calif., Feb. 01, 2021 (GLOBE NEWSWIRE) -- Oportun Financial Corporation (“Oportun” or the “Company”) (Nasdaq: OPRT) will release financial results for the fourth quarter 2020 on Thursday, February 18, 2021, after market close. Oportun will host a conference call and earnings webcast to…
November 23, 2020
Oportun Applies for National Bank Charter with the Office of the Comptroller of the Currency (OCC)
SAN CARLOS, Calif., Nov. 23, 2020 (GLOBE NEWSWIRE) -- Oportun Financial Corporation (Nasdaq: OPRT), a mission-driven financial institution providing inclusive, affordable financial services, today announced it has submitted an application with the OCC to establish Oportun Bank, N.A.
November 10, 2020
Oportun and MetaBank announce partnership to make affordable and responsible personal loans available across the nation
SAN CARLOS, Calif., Nov. 10, 2020 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven financial institution, today announced a partnership with MetaBank®, N.A., a national bank, to make affordable and responsible personal loans capped at a 36% APR, available to consumers across the nation…
November 05, 2020
Oportun Completes Sale of Subordinate Asset-Backed Securities
SAN CARLOS, Calif., Nov. 05, 2020 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven financial institution, today announced that it completed the sale of the Class D bonds previously retained as part of its Series 2018-B asset-backed securitization and the Class C and Class D bonds previ…
December 04, 2019
Oportun Celebrates First Decade as a Community Development Financial Institution
SAN CARLOS, Calif., Dec. 04, 2019 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT) today announced that it has again been certified as a Community Development Financial Institution (CDFI) by the U.S. Department of the Treasury. Originally certified as a CDFI in 2009, Oportun has been a CDFI for the past…
Oportun Blogs
February 24, 2021
What is a personal loan?
Sometimes you need to pay for an unexpected event, like a leaky roof, car repair, or medical bill. If you don’t have enough money set aside, these situations can be stressful. Fortunately, if you need fast cash, you can apply for a personal loan. These loans give you access to money that you can use…
February 05, 2021
How to get a personal loan with no credit history
Having no credit history can make it difficult for you to get a personal loan. And if you don’t have a credit score, you’re not alone. In the United States, 26 million people are credit invisible, which means they haven’t yet built up their credit history. You could be credit invisible for any of th…
January 05, 2021
Continuing to help our customers through the pandemic
By Matt Jenkins, Chief Operations Officer 2020 was a challenging year for all. Since the start of the pandemic, we’ve remained committed to being of service to our customers and offering them assistance with any financial hardship they may be facing. And now, as the number of COVID cases increases a…
December 17, 2020
What documentation do you need for a personal loan?
Before a lender can finalize your application, they may request that you provide personal documentation. Your lender will need to see important pieces of financial and personal information that determine if you prequalify for a loan. Key takeaways To take out a personal loan, you’ll need to provide …
December 10, 2020
Payday loans versus traditional personal loans
Do you need money to cover an unexpected expense? Maybe you just received a medical bill that you can’t afford. Or maybe you need to pay for a car repair right away. In these urgent situations, taking out a loan can help. But not all loans are the same. When you need cash fast, you […]
December 01, 2020
How to apply for a personal loan
If you need money for a big purchase or an unexpected bill, a personal loan can help you get the funds you need. You can use a personal loan to pay for a wide variety of household expenses, like medical bills, home repairs, or even a wedding. Wondering how to apply for a personal loan? […]
Oportun Frequently Asked Questions
When was Oportun founded?
Oportun was founded in 2005.
Who are Oportun key executives?
Oportun's key executives are Raul Vazquez, Ben Armstrong and Casey Mueller.
How many employees does Oportun have?
Oportun has 1,474 employees.
What is Oportun revenue?
Latest Oportun annual revenue is $583.7 m.
What is Oportun revenue per employee?
Latest Oportun revenue per employee is $396 k.
Who are Oportun competitors?
Competitors of Oportun include Crescent Bank & Trust, Zippi and Crédito Real.
Where are Oportun offices?
Oportun has offices in Menlo Park and Elizabeth.
How many offices does Oportun have?
Oportun has 2 offices.
Learn about Craft real-time company insights
Receive alerts for 300+ data fields across thousands of companies