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. Open Lending offers products and services including Lenders Protectionâ„¢ 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
- Stage Public
- SectorsTechnologyIndustrial Goods & Manufacturing Financial Services
- Email••••••••
- Website openlending.com
- Social LinkedIn X Facebook
- Legal Name Open Lending Corporation
- Annual Revenue$24.02 M (USD)-79.55as on Dec 31, 2024
- Net Profit-$135.01 M (USD)-711.74as on Dec 31, 2024
- EBITDA-$63.7 M (USD)-306.47as on Dec 31, 2024
- Total Equity Funding$50M (USD)
in 2 rounds
- Latest Funding Round$40M (USD), Series C
Mar 2016
- Investors
- Employee Count205
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.
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.
- Total Funding $50M
- Total Rounds 2
- Last Round Series C — $40M
- First Round $10M
(Oct 2009)
- Investors Count 1
All 2 funding rounds of Open Lending with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2016 | $40M | Series C | – | Bregal Sagemount | – |
| Oct 2009 | $10M | Series B | – | – | – |
1 investors in total: 1 institutional.
Investors in Open Lending
Open Lending has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Bregal Sagemount.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are directed toward high-growth startups in multiple sectors. | – | sagemount.com | New York, United States |
Investor details for Open Lending
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People of Open Lending
27 people are tracked at Open Lending (11 in leadership, 7 in board & advisors, 9 in team); the tracked headcount is 205.
| Name | Role | Group |
|---|---|---|
Steve Sureda | Regional Vice President | Leadership |
Josh Marcy | Chief Product Officer | Leadership |
Scharon Gordon | Managing Director, Capital Markets | Leadership |
Aracely Alaniz-Garza | VP, Insurance Services | Leadership |
Chuck Jehl | CEO & Interim CFO | Leadership |
Matthew Stark | Chief Legal & Compliance Officer | Leadership |
Michelle. Glasl | Chief Operating Officer | Leadership |
Gregory Tolmachoff | Vice President Of Revenue Operations | Leadership |
Kellie Johnson | Director Of Human Resources | Leadership |
Adam R. | Vice President Of Compliance - Information Technology | Leadership |
Derica Demint | Senior Vice President Of Account Management And Client Services | Leadership |
Eric A. Feldstein | Director | Board & advisors |
Blair J. Greenberg | Member Board Of Directors | Board & advisors |
Adam H. Clammer | Director | Board & advisors |
Shubhi S. Rao | Corporate Board Member, Member Of Audit Committee (nasdaq: Lpro) | Board & advisors |
Gene Yoon | Director | Board & advisors |
Jessica Buss | Chairman | Board & advisors |
Thomas K. Hegge | Director | Board & advisors |
Laura Moser | SVP Of Accounting | Team |
Scott Pryal | SVP, Risk Management | Team |
7 more people are available in the full profile.
Complete people profiles for Open Lending
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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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.
- IPO date11 Jun 2020
- Listed onNASDAQ: LPRO
- Listed entityOpen Lending Corporation
- Exchange sectorTechnology services
- ISINUS68373J1043
- Share price$1.90 (+17.28% on the day) · 2026-05-11
- Market capitalisation$224.6M
- EPS (diluted, trailing year)$-0.04
- Volume (last session)2,432,532
- Analyst consensusBuy
Financials of Open Lending
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2024 | $24.0M | -$135.0M | -$63.7M |
| 2023 | $117.5M | $22.1M | $30.9M |
| 2022 | $179.6M | $66.6M | $99.1M |
| 2021 | $215.7M | $146.1M | $152.0M |
| 2020 | $108.9M | -$97.6M | $69.8M |
Detailed financial statements for Open Lending
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Open Lending
4 dated milestones of Open Lending across 20 years, from founding to its latest funding, stage changes and deals.
- Founded Open Lending is founded.
- Funding First funding round of $10.0M.
- Funding Latest funding round, Series C, of $40.0M.
- IPO Lists on the stock exchange (IPO).
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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| quantexa.com | 2016 | London, United Kingdom | $546.08M | 552 | AI-powered data and decision intelligence solutions are provided for businesses. | |
| complyadvantage.com | 2014 | London, United Kingdom | $167.21M | 443 | Cloud-based anti-money laundering solutions are provided for compliance. | |
| riskified.com | 2013 | New York, United States | $232.02M | 781 | AI-based fraud prevention for e-commerce payments is provided. | |
| alloy.com | 2015 | New York, United States | $223.37M | 216 | Identity decisioning platform is provided for banks and fintech firms. | |
| signifyd.com | 2011 | Palo Alto, United States | $394.38M | 399 | Provider of fraud prevention and payment validation for online retailers | |
| feedzai.com | 2011 | San Mateo, United States | $346.8M | – | Cloud-based big data and fraud prevention solutions are offered. | |
| encompasscorporation.com | 2011 | Glasgow, United Kingdom | $197.68M | 206 | Corporate Digital Identity and KYC solutions are provided by Encompass. | |
| forter.com | 2013 | Tel Aviv, Israel | $525M | – | Cloud-based fraud prevention solutions are provided for businesses. | |
| moodysanalytics.com | 2008 | New York, United States | – | 854 | Risk management software is supplied for insurance and various sectors. |
Detailed competitors of Open Lending
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Open Lending
The website of Open Lending (openlending.com) receives about 6.5K visits a month.
- Monthly visits6.5K
▼ 27.9% vs previous month
Websites whose visitors overlap most with Open Lending. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| fintechnexus.com | 100% | – | – | View details | |
| sagemount.com | 77% | – | #1,191,352 | View details | |
| skyone.org | 73% | 69K | #528,586 | View details | |
| mynextpay.com | 62% | – | – | View details | |
| americaoneunsecured.com | 61% | – | – | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 21 similar websites and full traffic analytics for Open Lending
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- 21 similar websites
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Latest news on Open Lending
Complete news archive for Open Lending
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Open Lending
10 companies that operate in the same segment as Open Lending (GRC, Risk & Compliance Software), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cybersecurity and zero trust solutions are delivered for secure networks. | 2007 | San Jose, California, United States | USD 148 M | USD 3.35 B | 2,241 | |
Platform that provides data analysis and management solutions | 2003 | Denver, Colorado, United States | USD 2.46 B | USD 2.87 B | 3,940 | |
Identity and access management solutions are provided for developers. | 2013 | Bellevue, Washington, United States | USD 332.75 M | – | – | |
Cloud security posture management solutions are provided by the platform. | 2000 | Sunnyvale, California, United States | USD 54.2 M | USD 6.8 B | 14,140 | |
Digital workplace safety tools for inspections and audits are provided. | 2004 | Surry Hills, New South Wales, Australia | USD 297.93 M | – | – | |
Compliance and risk management platform is offered to enterprises. | 2016 | San Francisco, California, United States | USD 503.05 M | – | – | |
Cloud-based tax compliance solutions are delivered for businesses worldwide. | 2004 | Seattle, Washington, United States | USD 342.97 M | USD 65.53 M | 1,623 | |
Hybrid cloud infrastructure solutions are delivered for business management. | 1977 | Austin, Texas, United States | – | USD 1.79 B | 8,890 | |
Cloud based identity governance and administration software | 2005 | Austin, Texas, United States | USD 26.65 M | USD 1.07 B | 2,740 | |
Online payment solutions are offered to consumers and businesses. | 1998 | San Jose, California, United States | USD 216 M | USD 31.79 B | 24,400 |
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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. The company's 1st funding round was a Series B of $10M, raised on Oct 2009.
Open Lending has 205 employees.
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 Protectionâ„¢ 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.
Open Lending operates through Open Lending Corp.