About OpenRoad Lending
OpenRoad Lending is a company based in Fort Worth (United States) founded in 2009.. The company has 203 employees as of December 31, 2022. OpenRoad Lending offers products and services including Auto Refinancing Service, GAP Coverage, and Vehicle Service Contracts. OpenRoad Lending operates in a competitive market with competitors including iLending, Refi My Auto, AutoApprove and Refi Your Auto, among others.
- Headquarter Fort Worth, United States
- Employees 203 as on 31 Dec, 2022
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Sectors
Transportation, Automotive & LogisticsFinancial Services
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Phone
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Website
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Social
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- Legal Name Openroad Lending, Llc,
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
203
as on Dec 31, 2022
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Products & Services of OpenRoad Lending
OpenRoad Lending offers a comprehensive portfolio of products and services, including Auto Refinancing Service, GAP Coverage, and Vehicle Service Contracts. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Helps refinance auto loans to lower payments and secure better rates
Provides protection for loan gaps in case of vehicle total loss
Offers extended warranties for vehicle maintenance and repairs
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Funding Insights of OpenRoad Lending
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2021 | Amount | Private Equity Round - OpenRoad Lending | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in OpenRoad Lending
OpenRoad Lending has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Clarion Capital Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Clarion Capital Partners is engaged in private equity and credit investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by OpenRoad Lending
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - OpenRoad Lending
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Openroad Lending Comparisons
Competitors of OpenRoad Lending
OpenRoad 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 iLending, Refi My Auto, AutoApprove and Refi Your Auto, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Automobile refinancing is enabled via an online marketplace platform.
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| domain | founded_year | HQ Location |
A digital hub simplifying auto loan refinancing processes.
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| domain | founded_year | HQ Location |
An online platform for refinancing car loans.
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| domain | founded_year | HQ Location |
Operates a digital marketplace for refinancing auto loans.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about OpenRoad Lending
When was OpenRoad Lending founded?
OpenRoad Lending was founded in 2009 and raised its 1st funding round 12 years after it was founded.
Where is OpenRoad Lending located?
OpenRoad Lending is headquartered in Fort Worth, United States. It is registered at Fort Worth, Texas, United States.
How many employees does OpenRoad Lending have?
As of Dec 31, 2022, the latest employee count at OpenRoad Lending is 203.
What does OpenRoad Lending do?
OpenRoad Lending was established in 2009 in Fort Worth, United States, within the financial services sector focused on automotive financing. Online platforms are utilized to deliver refinancing options for existing auto loans and financing for new vehicle purchases. Services are extended to consumers seeking competitive rates and streamlined application processes across the United States, with operations centered on digital accessibility and efficiency in loan processing.
Who are the top competitors of OpenRoad Lending?
OpenRoad Lending's top competitors include iLending, Refi My Auto and AutoApprove.
What products or services does OpenRoad Lending offer?
OpenRoad Lending offers Auto Refinancing Service, GAP Coverage, and Vehicle Service Contracts.
Who are OpenRoad Lending's investors?
OpenRoad Lending has 1 investor. Key investors include Clarion Capital Partners.
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