• FOUNDING YEAR: 2005
    LOCATION:
    United States
    REGION:
    California
    Last Update:
    18 Oct, 2019

Description

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:
Viewable by subscribers only
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.

PEOPLE

FOUNDERS:
James Gutierrez, Gabriel Manjarrez
Board Members and Advisors:
Saar Gur, Jules Maltz, Aida M. Alvarez, Carl Pascarella, Thomas Patterson, Dave Strohm, Louis Miramontes, Raul Vazquez
NUMBER OF EMPLOYEES:
1000+
INVESTORS:
Institutional Venture Partners, Fidelity Management & Research, Greylock Partners, Madrone Capital Partners, TPG Capital, CRV, BlackRock, DAG Ventures, Great Oaks Venture Capital

TRACTION

REVENUE:
-
TRANSACTIONS VALUE:
$1.7 Billions
ACTIVE USERS:
0.5700

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$225.3 Millions
SEED & PRIOR FUNDING:
$1.3 Millions
FUNDING SERIES:
SERIES C
$224 Millions Closed:
LISTED:
NO

LATEST RESEARCH