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
HQMenlo Park, CA, US
Websiteoportun.com
Employee Ratings4
Overall CultureB

Latest Updates

Employees (est.) (Sept 2019)1,474(+5%)
Job Openings122
Revenue (FY, 2020)$583.7 M(-2%)
Share Price (Jul 2021)$20.1(-2%)
Cybersecurity ratingAMore

Key People/Management at Oportun

Raul Vazquez

Raul Vazquez

Chief Executive Officer
Ben Armstrong

Ben Armstrong

Chief Marketing Officer
Casey Mueller

Casey Mueller

VP, Finance & Controller
Patrick Kirscht

Patrick Kirscht

Chief Credit Officer
David Needham

David Needham

Chief Technology Officer
Eric Cunningham

Eric Cunningham

VP, Collections
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Oportun Office Locations

Oportun has offices in Menlo Park and Elizabeth
Elizabeth, NJ, US
128 Elmora Ave unit b
Show all (2)

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
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

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

Revenue growth, %

30%38%

Cost of goods sold

99.1m134.7m40.2m

Gross profit

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

Revenue

153.9m163.4m142.7m135.3m

Sales and marketing expense

24.7m24.8m20.1m23.9m

General and administrative expense

3.9m3.8m2.6m10.0m

Operating expense total

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

Cash

48.3m70.5m72.2m136.2m

Accounts Receivable

1.1b1.5b38.5m

Prepaid Expenses

7.2m9.2m

PP&E

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

Cash

154.5m144.8m139.2m140.4m

Accounts Receivable

69.0m

PP&E

22.7m22.1m20.7m13.1m

Total Assets

2.1b2.1b2.0b2.0b
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

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

Depreciation and Amortization

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

Cash From Operating Activities

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

Purchases of PP&E

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

Net Income

38.4m(13.3m)(47.5m)3.0m

Depreciation and Amortization

9.7m4.7m9.8m7.0m

Cash From Operating Activities

167.2m52.1m94.0m18.2m

Purchases of PP&E

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

Revenue/Employee

384.1k
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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
Show all operating metrics

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: 9.8% from Non-interest Income and 90.2% from Interest Income

Oportun Cybersecurity Score

Cybersecurity ratingPremium dataset

A

97/100

SecurityScorecard logo

Oportun Online and Social Media Presence

Embed Graph

Oportun Company Culture

  • Overall Culture

    B

    71/100

  • CEO Rating

    A

    76/100

  • Compensation

    D-

    50/100

  • Diversity

    C-

    63/100

Learn more on Comparably

Oportun News and Updates

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…

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 …

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…

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

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…

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…
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Oportun Blogs

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…

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 […]

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…

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…

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…

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…
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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, 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.