About Open Lending
Open Lending is a company based in Austin (United States) founded in 2000. Open Lending has raised $50 million across 2 funding rounds from investors including Bregal Sagemount. The company has 205 employees as of December 31, 2024. Open Lending offers products and services including Lenders Protection™ and Automated Decisioning. Open Lending operates in a competitive market with competitors including Quantexa, ComplyAdvantage, Riskified, Alloy and Signifyd, among others.
- Headquarter Austin, United States
- Employees 205 as on 31 Dec, 2024
- Stage Public
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Sectors
TechnologyIndustrial Goods & Manufacturing Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Open Lending Corporation
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Annual Revenue
$24.02 M (USD)-79.55as on Dec 31, 2024
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Net Profit
-$135.01 M (USD)-711.74as on Dec 31, 2024
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EBITDA
-$63.7 M (USD)-306.47as on Dec 31, 2024
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Total Equity Funding
$50 M (USD)
in 2 rounds
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Latest Funding Round
$40 M (USD), Series C
Mar 21, 2016
- Investors
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Employee Count
205
as on Dec 31, 2024
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Acquired by
(Jun 17, 2026)
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IPO & Listings of Open Lending
Open Lending is a publicly listed company on the NASDAQ with ticker symbol LPRO in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Open Lending
Open Lending offers a comprehensive portfolio of products and services, including Lenders Protection™ and Automated Decisioning.
AI-powered tool for accurate auto loan pricing and risk analysis.
System for fast risk-based loan approvals and portfolio management.
People of Open Lending
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Funding Insights of Open Lending
Open Lending has successfully raised a total of $50M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $40 million completed in March 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Open Lending
Open Lending has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Bregal Sagemount.
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Investor details for Open Lending
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Investments & Acquisitions by Open Lending
Investment portfolio details for Open Lending
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Financial Statements - Open Lending
Detailed financials for Open Lending
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Open Lending Comparisons
Peer comparison for Open Lending
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Competitors of Open Lending
Open Lending operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Quantexa, ComplyAdvantage, Riskified, Alloy and Signifyd, among others.
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AI-powered data and decision intelligence solutions are provided for businesses.
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Cloud-based anti-money laundering solutions are provided for compliance.
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AI-based fraud prevention for e-commerce payments is provided.
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Identity decisioning platform is provided for banks and fintech firms.
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Provider of fraud prevention and payment validation for online retailers
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Cloud-based big data and fraud prevention solutions are offered.
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Detailed competitors of Open Lending
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Latest news on Open Lending
Complete news archive for Open Lending
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Frequently Asked Questions about Open Lending
Open Lending was founded in 2000 and raised its 1st funding round 9 years after it was founded.
Open Lending is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Open Lending is a funded company, having raised a total of $50M across 2 funding rounds to date.
As of Dec 31, 2024, the latest employee count at Open Lending is 205.
Annual revenue of Open Lending is $24.02M as on Dec 31, 2024.
Open Lending was founded in 2000 and is headquartered in Austin, United States. Credit risk management for the automotive lending sector is provided through services such as loan analytics, risk-based pricing, and predictive modeling. Automated decisioning technology is utilized to support lenders, incorporating proprietary data and analytics for risk protection. Financial goals, including targeted yields after costs, can be customized by each lender in this fintech operation.
Open Lending's top competitors include ComplyAdvantage, Riskified and Quantexa.
Open Lending offers Lenders Protection™ and Automated Decisioning.
Yes, Open Lending is publicly traded on NASDAQ under the ticker symbol LPRO.
Open Lending has 1 investor. Key investors include Bregal Sagemount.
The ticker symbol of Open Lending is LPRO on NASDAQ.