Oportun

lendingother lending

FOUNDING YEAR: 2005
LOCATION: United States
Last Update: 19/01/2021

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About

At Oportun, we want to see you succeed. From personal loans to financialresources, we have the tools to help get you through life's ups and downs.Since we opened our doors in 2005, we have worked hard every day to serve the approximately 100 million people in the United States who are typically shut out of the financial mainstream because they dont have a credit score or have limited credit history. Our mission-based, technology-powered approach is designed to be inclusive, affordable, and empowering. By lending money to hardworking, low-to-moderate-income individuals, we help our customers move forward in their lives, demonstrate their creditworthiness, and help establish the credit history they need to access new opportunities.In recognition of Oportuns goals of increasing economic opportunity for our clients, promoting community development, and serving low-income or underserved communities, Oportun is certified by the United States Department of Treasury as a Community Development Financial Institution or CDFI.And our model is working. Weve provided more than 3.2 million affordable small-dollar loans that have saved customers an estimated $1.5 billion, according to a study commissioned by Oportun and conducted by the Center for Financial Services Innovation, a leading nonprofit authority on consumer financial health. Our personal loans were named best consumer lending product by FinTech Breakthrough, and weve been recognized for our role inventing the future as one of Time Magazines Genius Companies.Awards: - Top three finalist in the Wall Street Journal's 2018 Financial Inclusion Challenge- Best consumer lending product by FinTech Breakthrough- Time Magazine Genius Company- Consistently named Best Places to Work

MEDICI Analysis

Oportun, formerly Progreso Financiero, is a mission-driven, financial services company serving the credit needs of the growing Hispanic market.

Focus

PRODUCTS & SERVICES

Personal Loans It is helping individuals to establish or build their credit history by reporting customer accounts to credit bureaus.

REVENUE MODEL

It follows transaction based revenue model.

MAIN CLIENTS

Retail borrowers

COMMENT

Oportun uses advanced data analytics and technology to score the “unscorable” and offer responsible, affordable, credit-building loans to individuals with limited credit history. It offers bilingual (English/Spanish) servicing and documentation via telephone, Web, mobile, or in-person through nearly 180 locations in California, Illinois, Nevada, Texas.

Traction

COMPANY TYPE:

For Profit

STOCK EXCHANGE:

NASDAQ

REVENUE

0.0 in 2014

TRANSACTIONS VALUE:

$1.7 B

ACTIVE USERS:

0.5700

company provided insights

Acquisitions

ACQUIREE NAME

SpringboardAuto

ANNOUNCED DATE

Oct 2018

PRICE

---

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

375,510

AVERAGE VISITS (6 MONTHS)

302,068.57

MONTHLY VISITS GROWTH

22.27%

VISIT DURATION

383

VISIT DURATION GROWTH

4.57%

PAGE VIEWS VISIT

4.15

PAGE VIEWS VISIT GROWTH

-19.33%

BOUNCE RATE

47.47%

BOUNCE RATE GROWTH

3.97%

GLOBAL TRAFFIC RANK

99,407

MONTHLY RANK CHANGE

-24,955

MONTHLY RANK GROWTH

-20.07%

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