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.
TypePublic
Founded2005
HQRedwood City, CA, US
Websiteoportun.com
Employee Ratings4.2
Overall CultureA+

Latest Updates

Employees (est.) (Sept 2019)1,474(+5%)
Job Openings163
Revenue (FY, 2021)$626.8 M(+8%)
Share Price (Aug 2022)$10(+3%)
Cybersecurity ratingAMore
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Key People/Management at Oportun

Raul Vazquez

Raul Vazquez

Chief Executive Officer
Casey Mueller

Casey Mueller

VP, Finance & Controller
Ann Stonehouse

Ann Stonehouse

Vice President, Direct Marketing
Patrick Kirscht

Patrick Kirscht

Chief Credit Officer
Bryan Rubeo

Bryan Rubeo

Vice President, General Manager, Secured Personal Loan
Ezra Garrett

Ezra Garrett

Senior Vice President, Public Affairs and Impact
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Oportun Office Locations

Oportun has offices in Redwood City, Elizabeth and The Colony
Redwood City, CA, US (HQ)
1744 El Camino Real
Elizabeth, NJ, US
128 Elmora Ave unit b
The Colony, TX, US
5200 S Colony Blvd
Show all (3)

Oportun Financials and Metrics

Oportun Revenue

Oportun's revenue was reported to be $626.78 m in FY, 2021
USD

Revenue (Q1, 2022)

214.7m

Net income (Q1, 2022)

45.7m

Market capitalization (4-Aug-2022)

318.6m

Closing stock price (4-Aug-2022)

10.0

Cash (31-Mar-2022)

109.9m
Oportun's current market capitalization is $318.6 m.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020FY, 2021

Revenue

277.5m361.0m497.6m600.1m583.7m626.8m

Revenue growth, %

30%38%

Cost of goods sold

99.1m134.7m40.2m

Gross profit

178.4m226.2m457.4m
Quarterly
USDQ3, 2019Q1, 2020Q2, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

153.9m163.4m142.7m135.3m138.3m159.1m214.7m

Sales and marketing expense

24.7m24.8m20.1m23.9m23.7m32.1m34.5m

General and administrative expense

3.9m3.8m2.6m10.0m10.2m2.7m13.4m

Operating expense total

28.6m28.6m22.7m33.9m
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020FY, 2021

Cash

48.3m70.5m72.2m136.2m131.0m

Accounts Receivable

1.1b1.5b38.5m

Prepaid Expenses

7.2m9.2m

PP&E

22.8m15.9m9.9m
Quarterly
USDQ3, 2019Q1, 2020Q2, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Cash

154.5m144.8m139.2m140.4m138.4m168.4m109.9m

Accounts Receivable

69.0m

PP&E

22.7m22.1m20.7m13.1m10.2m9.7m9.6m

Goodwill

104.2m
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020FY, 2021

Net Income

50.9m(10.2m)123.4m61.6m(45.1m)47.4m

Depreciation and Amortization

8.4m10.6m11.8m14.1m20.2m27.1m

Cash From Operating Activities

113.9m139.1m138.4m218.4m152.9m163.4m

Purchases of PP&E

(8.9m)(4.8m)(12.3m)
Quarterly
USDQ3, 2019Q1, 2020Q2, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Net Income

38.4m(13.3m)(47.5m)3.0m10.3m33.2m45.7m

Depreciation and Amortization

9.7m4.7m9.8m7.0m14.7m20.4m10.7m

Cash From Operating Activities

167.2m52.1m94.0m18.2m53.8m103.7m38.6m

Purchases of PP&E

(5.8m)(1.6m)(3.2m)(873.0k)(1.8m)(2.6m)
USDFY, 2016

Revenue/Employee

384.1k
Show all financial metrics

Oportun Operating Metrics

Oportun's Active Customers was reported to be 695.7 k in FY, 2018.
FY, 2016FY, 2017FY, 2018Sep, 2019

Active Customers

492.03 k582.95 k695.7 k

Customer Acquisition Cost

$85$112$120

Customer Applications Processed to Date

7.3 m

Loans Originated

$1.1 b$1.37 b$1.76 b

Oportun Acquisitions / Subsidiaries

Company NameDateDeal Size
SpringboardAutoOctober 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
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Oportun Revenue Breakdown

Embed Graph

Oportun revenue breakdown by business segment: 90.2% from Interest Income and 9.8% from Non-interest Income

Oportun Cybersecurity Score

Cybersecurity ratingPremium dataset

A

96/100

SecurityScorecard logo

Oportun Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Oportun Online and Social Media Presence

Embed Graph

Oportun Company Culture

  • Overall Culture

    A+

    86/100

  • CEO Rating

    A+

    91/100

  • Compensation

    A

    82/100

  • Diversity

    A+

    85/100

Learn more on Comparably

Oportun News and Updates

Oportun to Report Second Quarter 2022 Financial Results on Monday, August 8, 2022

SAN CARLOS, Calif., July 18, 2022 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven fintech and digital banking platform, will release financial results for its second quarter 2022 on Monday, August 8, 2022, after market close.

Oportun Prices $400 Million in Asset-Backed Securities

SAN CARLOS, Calif., July 15, 2022 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven fintech and digital banking platform, today announced that it has priced $400 million of Series 2022-2 fixed rate asset-backed notes (the “Notes”) in a private asset-backed securitization transaction sec…

Oportun named to the 2022 Greater Bay Area Top Workplaces

SAN CARLOS, Calif., June 27, 2022 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven fintech and digital banking platform, today announced that it has been named to the 2022 Greater Bay Area Top Workplaces by San Francisco Bay Area Top Workplaces and the San Francisco Chronicle. Oportun …

Oportun Completes $400 Million Asset-Backed Securitization

SAN CARLOS, Calif., May 24, 2022 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven fintech and digital banking platform, today announced the issuance of $400 million of two-year revolving asset-backed notes secured by a pool of unsecured and secured installment loans.

Oportun Sells $228 million of loans through Amortizing Asset-Backed Securitization

SAN CARLOS, Calif., April 04, 2022 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven fintech and digital banking platform, today announced the sale of $228 million of loans through the issuance of amortizing asset-backed notes secured by a pool of its unsecured and secured personal inst…

Oportun and Sezzle Partnering to Give Consumers More Choice in Financing Purchases

Buy Now Pay Later leader becomes Oportun’s first digital-only Lending-as-a-Service partner Buy Now Pay Later leader becomes Oportun’s first digital-only Lending-as-a-Service partner
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Oportun Blogs

Nine ways to save money on gas

With national gas prices averaging $5.00 per gallon at the time of writing this article, it’s no wonder that people are looking for ways to save money at the pump. So why are gas prices so high right now? Can we expect them to go back down? And most importantly, how can you spend less […] The post N…

Credit card terminology 101

There’s a lot of special terminology used with credit cards, and it can be confusing. What’s zero liability protection? What’s the difference between balance and average daily balance? Before you apply for a credit card, it’s smart to get familiar with some common words and phrases. We’ve put togeth…

The importance of establishing a credit history

  ERIKA: We have George González, Oportun’s communications director, with us today. Good morning. GEORGE: Good morning, Erika. ERIKA: Can you tell us a little about Oportun and how it helps our community? GEORGE: Of course. Oportun is a fintech lender and a neo-banking platform that utilizes artific…

Understanding the different types of loans

If you need to borrow money, you can apply for a loan from a licensed lender. Banks, credit unions, and state-licensed lenders offer loans of various types, such as auto loans, mortgages, and student loans. These financial products help you pay for certain expenses. They let you buy what you need ri…

Don’t be fooled by these six credit myths

You already know it’s important to have a good credit score. But do you know how to establish one? A recent survey conducted by Oportun found that only 54 percent of people feel confident in their understanding of how to build credit. Unfortunately, most schools don’t teach you how to manage credit.…

Understanding the true cost of a loan

Note: The content of this article and the examples shown below are based on the findings of True cost of a loan: A study by the Financial Health Network prepared for Oportun More than half of all Americans (54 percent, according to a recent study) are living from paycheck to paycheck, and 71 percent…
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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, Casey Mueller and Ann Stonehouse.

  • How many employees does Oportun have?

    Oportun has 1,474 employees.

  • What is Oportun revenue?

    Latest Oportun annual revenue is $626.8 m.

  • What is Oportun revenue per employee?

    Latest Oportun revenue per employee is $425.2 k.

  • Who are Oportun competitors?

    Competitors of Oportun include Crescent Bank & Trust, Crédito Real and CarMoney.

  • Where is Oportun headquarters?

    Oportun headquarters is located at 1744 El Camino Real, Redwood City.

  • Where are Oportun offices?

    Oportun has offices in Redwood City, Elizabeth and The Colony.

  • How many offices does Oportun have?

    Oportun has 3 offices.