Oportun
- Active Customers695.7 KFY, 2018
- Revenue$626.8 MFY, 2021
- Market Capitalization$318.6 M2022-08-04
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 | Redwood City, CA, US | Map |
| Website | oportun.com | |
| Employee Ratings | ||
| Overall Culture | A+ | More |
Key People/Management at Oportun
Raul Vazquez
Chief Executive Officer
Casey Mueller
VP, Finance & Controller
Ann Stonehouse
Vice President, Direct Marketing
Patrick Kirscht
Chief Credit Officer
Bryan Rubeo
Vice President, General Manager, Secured Personal Loan
Ezra Garrett
Senior Vice President, Public Affairs and Impact
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
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
Annual
Annual
| USD | FY, 2016 |
|---|---|
Revenue/Employee | 384.1k |
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: 90.2% from Interest Income and 9.8% from Non-interest Income
Oportun Cybersecurity Score
Oportun Environment, Social & Governance (ESG) Ratings
Oportun Online and Social Media Presence
1.23k Twitter followers
Oportun has 1.23k Twitter Followers. The number of followers has decreased 0.2% month over month and increased 0.9% quarter over quarter
Oportun's Trends
Oportun Company Culture
Overall Culture
A+
86/100
CEO Rating
A+
91/100
Compensation
A
82/100
Diversity
A+
85/100
Oportun News and Updates
July 18, 2022
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.
July 15, 2022
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…
June 27, 2022
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 …
May 24, 2022
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.
April 04, 2022
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…
January 19, 2022
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
Oportun Blogs
July 08, 2022
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…
June 28, 2022
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…
June 28, 2022
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…
June 08, 2022
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…
May 24, 2022
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.…
May 10, 2022
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…
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.
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