About Oportun
Oportun is a company based in Menlo Park (United States) founded in 2005.. Oportun has raised $204.21 million across 12 funding rounds from investors including Fidelity Investments, Goldman Sachs and SVB. The company has 2,310 employees as of December 31, 2024. Oportun has completed 1 acquisition, including Digit. Oportun operates in a competitive market with competitors including Moneylion, SoFi, Avant, Earnest and Atlanticus Holdings, among others.
- Headquarter Menlo Park, United States
- Employees 2310 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Oportun Financial Corporation
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Annual Revenue
$1 B-5.66as on Dec 31, 2024
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Net Profit
$-78.68 M56.28as on Dec 31, 2024
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EBITDA
$1.3 M (USD)229.77as on Mar 31, 2023
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Total Equity Funding
$204.21 M (USD)
in 12 rounds
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Latest Funding Round
$279.4 M (USD), Debt – Conventional
Aug 01, 2019
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Investors
Fidelity Investments
& 12 more
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Employee Count
2310
as on Dec 31, 2024
- Investments & Acquisitions
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IPO & Listings of Oportun
Oportun is a publicly listed company on the NASDAQ with ticker symbol OPRT in USA, operating in the Finance 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.
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Software Development Team
37 people
Leadership Team
25 people
Data Analysis and Operations Team
22 people
Product Management Team
21 people
Senior Team
6 people
Sr. Team
5 people
Operations Team
4 people
Sales and Marketing
3 people
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Funding Insights of Oportun
Oportun has successfully raised a total of $204.21M across 12 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $279.4 million completed in August 2019. 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 Total Funding
- Total Rounds 12
- Last Round Debt – Conventional — $279.4M
- First Round First Round
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2019 | Amount | Debt – Conventional - Oportun | Valuation |
investors |
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| Jan, 2019 | Amount | Debt – Conventional - Oportun | Valuation |
investors |
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| Mar, 2018 | Amount | Debt – Conventional - Oportun | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 Oportun
Oportun has secured backing from 13 investors, including institutional and venture fund investors. Prominent investors backing the company include Fidelity Investments, Goldman Sachs and SVB. 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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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location | |
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Growth in technology companies is supported through venture capital.
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Founded Year | Domain | Location | |
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Venture capital firm specializing in early-stage tech investments and founder support.
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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 Oportun
Oportun has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Digit. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Money is automatically saved for users by a mobile app.
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Oportun
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Oportun Comparisons
Competitors of Oportun
Oportun 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 Moneylion, SoFi, Avant, Earnest and Atlanticus Holdings, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Instant consumer loans and mobile banking are offered online.
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| domain | founded_year | HQ Location |
Various consumer loans and financial services are offered online.
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| domain | founded_year | HQ Location |
Consumer loans are facilitated via an online platform.
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| domain | founded_year | HQ Location |
Student loan refinancing and personal loans are offered by Earnest.
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| domain | founded_year | HQ Location |
Credit cards are provided for consumers, businesses, and healthcare financing.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
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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Latest news on Oportun
Frequently Asked Questions about Oportun
When was Oportun founded?
Oportun was founded in 2005 and raised its 1st funding round 4 years after it was founded.
Where is Oportun located?
Oportun is headquartered in Menlo Park, United States. It is registered at Menlo Park, California, United States.
Who is the current CEO of Oportun?
Raul Vazquez is the current CEO of Oportun.
Is Oportun a funded company?
Oportun is a funded company, having raised a total of $204.21M across 12 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $200M, raised on Jun 01, 2009.
How many employees does Oportun have?
As of Dec 31, 2024, the latest employee count at Oportun is 2,310.
What is the annual revenue of Oportun?
Annual revenue of Oportun is $1B as on Dec 31, 2024.
What does Oportun do?
Founded in 2005 and based in Menlo Park, United States, Oportun operates in the consumer lending sector. Unsecured personal loans and credit lines are provided to clients via a proprietary risk scoring system. Flexible repayment options are available, and customer accounts are reported to credit bureaus to support credit history development. Credit cards are also issued for online and offline transactions.
Who are the top competitors of Oportun?
Is Oportun publicly traded?
Yes, Oportun is publicly traded on NASDAQ under the ticker symbol OPRT.
How many acquisitions has Oportun made?
Oportun has made 1 acquisition, including Digit.
Who are Oportun's investors?
Oportun has 13 investors. Key investors include Fidelity Investments, Goldman Sachs, SVB, Natixis, and Bank of America.
What is Oportun's ticker symbol?
The ticker symbol of Oportun is OPRT on NASDAQ.
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