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 | B | More |
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
Eric Cunningham
VP, Collections
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 (Q1, 2021) | 135.3m |
Net income (Q1, 2021) | 3.0m |
Market capitalization (14-Jul-2021) | 563.0m |
Closing stock price (14-Jul-2021) | 20.1 |
Cash (31-Mar-2021) | 140.4m |
EV | 469.6m |
Oportun's current market capitalization is $563 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
1.08k Twitter followers
Oportun has 1.08k Twitter Followers. The number of followers has increased 0.6% month over month and increased 0.7% quarter over quarter
Oportun's Trends
Oportun Company Culture
Overall Culture
B
71/100
CEO Rating
A
76/100
Compensation
D-
50/100
Diversity
C-
63/100
Oportun News and Updates
July 13, 2021
Oportun Expands Secured Personal Loans Product to Florida
SAN CARLOS, Calif., July 13, 2021 (GLOBE NEWSWIRE) -- Oportun Financial Corporation (“Oportun”), a financial services company and digital platform that provides hardworking people with responsible, affordable, and credit-building alternatives to payday and auto title loans, today announced that it…
July 12, 2021
Oportun Appoints Two New Independent Members to Board of Directors
SAN CARLOS, Calif., July 12, 2021 (GLOBE NEWSWIRE) -- Oportun Financial Corporation (NASDAQ:OPRT), a financial services company and digital platform that provides hard working people with responsible, affordable, and credit-building alternatives to payday and auto-title loans, today announced the …
June 16, 2021
Oportun to Participate in the Jefferies Virtual Consumer Conference
SAN CARLOS, Calif., June 16, 2021 (GLOBE NEWSWIRE) -- Oportun Financial Corporation (“Oportun” or the “Company”) (Nasdaq: OPRT), today announced that its Chief Executive Officer, Raul Vazquez, will participate in a virtual fireside chat at the Jefferies Virtual Consumer Conference on Tuesday, June…
May 06, 2021
Oportun Reports First Quarter 2021 Financial Results
GAAP Diluted EPS of $0.10 and Adjusted EPS of $0.41 Driven By Solid Credit Performance GAAP Diluted EPS of $0.10 and Adjusted EPS of $0.41 Driven By Solid Credit Performance
April 29, 2021
Oportun Joins the Human Rights Campaign Business Coalition for the Equality Act
SAN CARLOS, Calif., April 29, 2021 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a financial services company that leverages its digital platform to provide hardworking people with responsible, affordable, and credit-building alternatives to payday and auto title loans, today announced that it has j…
April 08, 2021
Oportun Announces Statement of Support for The Equality Act (H.R.5)
SAN CARLOS, Calif., April 08, 2021 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a financial services company that leverages its digital platform to provide hardworking people with responsible, affordable, and credit-building alternatives to payday and auto title loans, today published a statement o…
Oportun Blogs
June 07, 2021
What is credit history?
Your credit history is essentially your credit résumé. The same way a job résumé shows your career experience, your credit history shows the details of how you’ve managed your credit accounts. To qualify for a loan or a credit card, it helps to have a good credit history. This guide will explain the…
May 20, 2021
58% of people would rather go to the dentist than take out a loan
More than half the people in a recent survey—58 percent—told us they’d rather go to the dentist than take out a loan. But getting a personal loan is a lot easier than you might think. Key takeaways: A personal loan is often a great option if you need money fast. Personal loans can help you […]
May 07, 2021
What are the benefits of getting a personal loan?
There are many benefits to obtaining a personal loan. They can be a helpful way to make big purchases, pay an unexpected bill, and consolidate debt. Key takeaways A personal loan is an amount of money that a lender (a bank, credit union, or state-licensed lender) gives to a borrower. The borrower th…
April 30, 2021
What is a good personal loan rate?
What’s considered a good personal loan rate depends on your situation, financial history, and credit score (if you have one). Key takeaways The annual percentage rate (APR) is the amount of money you pay the lender in exchange for borrowing the money. The APR is made up of the interest and certain f…
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…
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.
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