About OppLoans
OppLoans is a Financial Services company based in Chicago (United States) founded in 2010. Personal loans are offered by OppLoans as a direct lender. The company has 247 employees. Its website opploans.com draws about 824 thousand monthly visits. OppLoans offers products and services including Online Personal Loans and Financial Education Resources. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its legal entity is Opportunity Financial, LLC.
Company details
OppLoans is a Chicago-based direct lender for personal loans. The loan size can vary from 1,000-10,000 for a tenure of 6-24 Months at an APR ranging between 125-199. It launched a mobile website and application in May 2016. It is is licensed to lend or arrange loans in the following states: Alabama, California, Delaware, Idaho, Illinois, Kansas, Maryland, Missouri, New Mexico, Ohio, SouthCarolina, Tennessee, Texas,Utah, Virginia and Wisconsin.
- Headquarters Chicago, United States
- Employees 247
- SectorsFinancial Services
- Website category Finance · Financial Planning and Management
- Website opploans.com
- Social LinkedIn X Facebook
- Legal Name Opportunity Financial, Llc
- Latest Funding Round$50M (USD), Debt – Conventional
Mar 2021
- InvestorsBMO Harris Bank
& 1 more
- Employee Count247
Products & Services of OppLoans
OppLoans offers a comprehensive portfolio of products and services, including Online Personal Loans and Financial Education Resources.
Installment loans are offered through a platform for personal financial needs, considering factors beyond credit scores.
Guides and tools are provided for financial management and literacy to support everyday decision-making.
Funding Insights of OppLoans
- Total Rounds 3
- Last Round Debt – Conventional — $50M
- Investors Count 2
All 3 funding rounds of OppLoans 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 2021 | $50M | Debt – Conventional | – | – | |
| Apr 2020 | $6.35M | Debt – Conventional | – | – | – |
| Sep 2019 | Debt – Conventional | – | – |
2 investors in total: 2 institutional.
Investors in OppLoans
OppLoans has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include BMO Harris Bank and Blue Owl Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Blue Owl Capital is engaged in alternative investment management. | atalayacap.com | New York, United States | ||
Wealth management services are provided by BMO Harris Bank. | 1882 | bmoharris.com | Chicago, United States |
Investor details for OppLoans
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of OppLoans
81 people are tracked at OppLoans (26 in leadership, 55 in team); the tracked headcount is 247.
| Name | Role | Group |
|---|---|---|
Piyush Sharma | Director Data Science And Machine Learning | Leadership |
Manny Chagas | Chief Operating Officer | Leadership |
Yuri Ter - Saakyants | Chief Technology Officer | Leadership |
Pamela Johnson | Chief Financial Officer | Leadership |
Todd Schwartz | CEO, Executive Chairman & Founder | Leadership |
Shannon Zheng | Chief Information Security Officer | Svp, IT | Leadership |
Robert Kwak | Sr. Director Platform Engineering And Ops | Leadership |
Donielle J. | Director Of Compliance | Leadership |
Vitaly Galinsky | Staff Engineer (it Director) | Leadership |
Charelle Hammond | Director Of People Business Partners And Workplace Experience | Leadership |
John Cole | Vice President, Operations Strategy | Leadership |
Joanna Estrella | Director Of Customer Success | Leadership |
Tatiana Coulter | Senior Director, Customer Marketing And Product Engagement | Leadership |
Sten Halgren | Director, Capital Markets & Strategic Finance | Leadership |
Reid Brady | Vice President Finance | Leadership |
Sonnie Chamberlain | Director, Operations Strategy | Leadership |
Kevin Linde | Senior Vice President Of Customer Operations | Leadership |
Kendall Pinotti | Director, Collections & Recoveries Strategy | Leadership |
Dawn Coen | Director Of Quality Assurance | Leadership |
Eric McFadden | Director Operation Excellence And Resolution | Leadership |
61 more people are available in the full profile.
Complete people profiles for OppLoans
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of OppLoans
3 dated milestones of OppLoans across 11 years, from founding to its latest funding, stage changes and deals.
- Founded OppLoans is founded.
- Funding First funding round.
- Funding Latest funding round, Debt – Conventional, of $50.0M.
Web traffic of OppLoans
The website of OppLoans (opploans.com) receives about 824.2K visits a month and ranks #43,439 among all websites worldwide, #2,770 in Financial Planning and Management.
- Monthly visits824.2K
▼ 13.5% vs previous month
- Unique visitors408.9K
per month
- Global rank#43,439
among all websites
- Category rank#2,770
Finance · Financial Planning and Management
- Bounce rate33%
- Pages per visit5.7
- Average visit5 min 04 sec
- DevicesDesktop 15% · Mobile 85%
Websites whose visitors overlap most with OppLoans. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| moneylion.com | 100% | 6.8M | #6,478 | View details | |
| americashloans.net | 96% | #731,889 | View details | ||
| cash1loans.com | 92% | #500,223 | View details | ||
247lendinggroup.com | 247lendinggroup.com | 86% | #44,577 | – | |
5kfunds.com | 5kfunds.com | 83% | #299,936 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for OppLoans
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Alternative Lending
3 companies that operate in the same segment as OppLoans (Alternative Lending) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 6,843 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | 1,487 |
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Frequently Asked Questions about OppLoans
OppLoans was founded in 2010 and raised its 1st funding round 9 years after it was founded.
OppLoans is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
OppLoans has 247 employees.
OppLoans is a Chicago-based direct lender for personal loans. The loan size can vary from 1,000-10,000 for a tenure of 6-24 Months at an APR ranging between 125-199. It launched a mobile website and application in May 2016. It is is licensed to lend or arrange loans in the following states: Alabama, California, Delaware, Idaho, Illinois, Kansas, Maryland, Missouri, New Mexico, Ohio, SouthCarolina, Tennessee, Texas,Utah, Virginia and Wisconsin.
OppLoans offers Online Personal Loans and Financial Education Resources.
OppLoans has 2 investors. Key investors include BMO Harris Bank, and Blue Owl Capital.
OppLoans operates through Opportunity Financial, Llc.
The website of OppLoans receives about 824 thousand visits a month and ranks #43,439 among all websites worldwide.