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.
HQMenlo Park, CA, US
Employee Ratings4.2
Overall CultureC+

Latest Updates

Employees (est.) (Sept 2019)1,474(+5%)
Revenue (FY, 2020)$583.7 M(-2%)
Share Price (Feb 2021)$15.9 (-3%)
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
Denise Sterling

Denise Sterling

SVP, Finance
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Oportun Office Locations

Oportun has offices in Menlo Park and Elizabeth
Elizabeth, NJ, US
128 Elmora Ave unit b
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Oportun Financials and Metrics

Oportun Revenue

Oportun's revenue was reported to be $583.73 m in FY, 2020

Revenue (FY, 2020)


Net income (FY, 2020)


Market capitalization (23-Feb-2021)


Closing stock price (23-Feb-2021)


Cash (31-Dec-2020)



Oportun's current market capitalization is $440.1 m.
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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 k695.70 k

Customer Acquisition Cost

$85 $112 $120

Customer Applications Processed to Date

7.30 m

Loans Originated

$1.10 b$1.37 b$1.76 b
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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

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

Oportun Cybersecurity Score

Cybersecurity ratingPremium dataset



SecurityScorecard logo

Oportun Online and Social Media Presence

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Oportun Company Culture

  • Overall Culture



  • CEO Rating



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Oportun News and Updates

Oportun Reports Fourth Quarter 2020 Results

Net Income of $8.5 million or $0.29 per diluted share

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…

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.

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…

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…

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…
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Oportun Blogs

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…

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…

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 …

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 […]

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? […]
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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.