About Oplo
Oplo is a Financial Services company based in Blackpool (United Kingdom) founded in 2009, and was acquired by Tandem in January 2022. Consumer loans are facilitated via an online application process. The company has 231 employees. Oplo offers products and services including Instant Access Saver, Fixed Saver, Motor Finance, Home Improvement Loans, and Home Loans. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its legal entity is OPLO GROUP LTD. Its competitors include Zopa, Plend and 1plus1 Loans; 2 of its 3 listed competitors have raised funding.
Company details
Oplo was established in 2009 in Blackpool, United Kingdom, within the financial technology sector. Personal, home, and auto loans are provided to consumers through a digital platform. Applications are submitted online with required documentation, followed by approval and direct fund transfers to bank accounts. A loan calculator is included for estimating interest and repayment schedules. Operations focus on streamlined lending services across the UK.
- Headquarters Blackpool, United Kingdom
- Employees 231
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website myoplo.co.uk
- Social LinkedIn X Facebook
- Acquired by Tandem (Jan 2022)
- Legal Name Oplo Group Ltd
- Date of Incorporation 27 Apr, 2005
- Jurisdiction BLACKPOOL, UNITED KINGDOM
- Annual Revenue$61.94 M (USD)8as on Mar 31, 2021
- Net Profit$12.33 M (USD)813as on Mar 31, 2021
- Investors
- Employee Count231
- Acquired byTandem
(Jan 2022)
Products & Services of Oplo
Oplo offers a comprehensive portfolio of products and services, including Instant Access Saver, Fixed Saver, Motor Finance, Home Improvement Loans, and Home Loans.
Account for earning interest on deposits with flexible access.
Fixed-term account offering guaranteed interest rates.
Finance for purchasing lower-emission vehicles.
Loans to enhance home energy efficiency.
Secured loans for larger expenses like home upgrades.
Mortgages with discounts for energy-efficient homes.
Platform providing tips for reducing carbon footprint.
Investors in Oplo
Oplo has secured backing from 1 investor. Prominent investors backing the company include Tandem Bank.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Digital banking services for consumers are delivered through online platforms. | 2013 | tandem.co.uk | London, United Kingdom |
Investor details for Oplo
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Timeline of Oplo
2 dated milestones of Oplo across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Oplo is founded.
- Exit Acquired by Tandem.
Competitors of Oplo
Oplo has 3 listed competitors in our database, 2 of them funded. They include Zopa, Plend and 1plus1 Loans.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| zopa.com | 2005 | London, United Kingdom | $968.24M | 135 | Internet-first banking and loans are provided to consumers via app. | |
| plend.com | 2020 | London, United Kingdom | $40.57M | 10 | Consumer financing is facilitated via an online lending platform. | |
| 1plus1loans.co.uk | 2013 | Accrington, United Kingdom | 15 | Guarantor loans from £500 to £5000 are provided directly online. |
Detailed competitors of Oplo
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Top companies in Alternative Lending
2 companies that operate in the same segment as Oplo (Alternative Lending) in United Kingdom, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 860 | |
Financial benefits platform for on-demand pay is provided to employees. | 2018 | London, England, United Kingdom | USD 133.02 M |
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Frequently Asked Questions about Oplo
Oplo was founded in 2009.
Oplo is headquartered in Blackpool, United Kingdom. It is registered at Blackpool, England, United Kingdom.
Oplo has 231 employees.
Annual revenue of Oplo is $61.94M as on Mar 31, 2021.
Oplo was established in 2009 in Blackpool, United Kingdom, within the financial technology sector. Personal, home, and auto loans are provided to consumers through a digital platform. Applications are submitted online with required documentation, followed by approval and direct fund transfers to bank accounts. A loan calculator is included for estimating interest and repayment schedules. Operations focus on streamlined lending services across the UK.
Oplo's top competitors include Zopa, Plend and 1plus1 Loans.
Oplo offers Instant Access Saver, Fixed Saver, Motor Finance, Home Improvement Loans, and 3 more products and services.
Oplo has 1 investor. Key investors include Tandem Bank.
Oplo operates through Oplo Group Ltd.
Yes. Oplo was acquired by Tandem in January 2022.