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§ Public · San Carlos, CA, USA
Oportun is a technology company.
Oportun has raised $470.0M across 11 funding rounds.
Key people at Oportun.
Oportun was founded in 2005 by James Gutierrez (Founder, CEO and Chairman).
Oportun has raised $470.0M in total across 11 funding rounds.
Oportun is a financial technology company providing responsible and affordable personal loans, credit cards, and savings tools. It targets individuals underserved by traditional financial institutions, leveraging data analytics and proprietary risk assessment. The company's platform delivers inclusive financial services designed to build credit and foster financial health for members.
James Gutierrez founded Oportun in 2005, initially as Progreso Financiero. He identified millions of hardworking individuals, especially in immigrant communities, lacking mainstream credit despite steady incomes. His insight was to create a socially responsible service assessing creditworthiness beyond traditional scores, enabling them to build essential credit histories.
Oportun's products cater to those with limited or no credit history, often from Hispanic communities, offering pathways to financial stability. Its mission is to make financial goals attainable for all by providing trustworthy, accessible products promoting long-term financial health. It empowers members, enhancing their economic well-being and integration into the financial system.
Key people at Oportun.
Oportun has raised $470.0M across 11 funding rounds. Most recently, it raised $150.0M Debt in December 2021.
Oportun was founded in 2005 by James Gutierrez (Founder, CEO and Chairman).
Oportun has raised $470.0M in total across 11 funding rounds.
Oportun's investors include WebBank, Fidelity Management & Research Company, IVP, Greylock, Innovation Endeavors, Insight Partners, Western Technology Investment, Yext, Andy Sheehan, Brian Distelburger, CRV, Quiet Capital.
# Oportun: A Mission-Driven Fintech Reshaping Financial Inclusion
Oportun is a financial technology company, not a traditional bank, that provides intelligent borrowing, savings, and budgeting solutions to underserved populations[4]. Founded in 2005 and headquartered in San Carlos, California, Oportun serves approximately 2 million members, primarily individuals earning around $50,000 annually who have limited or no credit history[4][5]. The company's core mission centers on financial empowerment and credit building for those typically excluded from mainstream banking institutions[1].
Oportun's product portfolio includes unsecured personal loans (averaging $3,000 with 25-month terms at a weighted average APR of 35.8%), credit cards, and integrated savings and budgeting tools[5]. Since its inception, the company has provided more than $20.8 billion in responsible credit, saved members more than $2.5 billion in interest and fees, and helped members set aside an average of $1,800 annually[3]. The company operates as a publicly traded entity on Nasdaq under the ticker OPRT, with annual revenue of approximately $1 billion and 5,000 employees[1].
Oportun emerged in 2005 with a focused vision: to serve individuals with thin credit files who were underserved by traditional financial institutions[5]. The company's trajectory shifted significantly under the leadership of Raul Vazquez, who joined as CEO in 2012 after holding senior positions at Walmart, including President and CEO of Walmart.com[6]. Under Vazquez's guidance, Oportun underwent a strategic transformation, particularly following its acquisition of Digit, an all-in-one saving and investing app[2]. This acquisition catalyzed a broader vision to position Oportun as a comprehensive digital banking platform rather than solely a lending provider[2]. The company rebranded in March 2023 to reflect this expanded mission, creating a purpose-led brand identity designed to drive growth while maintaining connection to its core lower-income customer base[2].
Oportun operates at the intersection of financial inclusion and fintech innovation, addressing a critical gap in the financial services ecosystem. The company rides the broader trend of alternative lending and credit democratization, where nontraditional data and AI enable more accurate risk assessment for populations historically excluded from credit markets. This timing is particularly significant as regulatory scrutiny of predatory lending practices has intensified, positioning responsible lenders like Oportun favorably.
The company's funding model—relying on warehouse lines of credit and asset-backed securities rather than traditional deposits—reflects the broader shift toward nonbank financial services[5]. Oportun's recent achievement of AAA-rated securitizations at lower costs of capital demonstrates growing investor confidence in its credit quality[3]. The company's recognition as one of CNBC's World's Top Fintech Companies for the second consecutive year in 2025 validates its influence in reshaping how financial services reach underserved populations[7].
Oportun is positioned at an inflection point. The company achieved its third consecutive quarter of GAAP profitability in Q2 2025, with management expecting full-year aggregate originations growth in the 10% range[3]. Its trajectory toward a long-term return on equity target of 20% to 28% suggests the business model is maturing from growth-at-all-costs to sustainable profitability[3].
Looking forward, Oportun's evolution will likely be shaped by three forces: deepening AI integration for credit decisioning, expansion of its digital banking platform to compete more directly with traditional banks, and regulatory tailwinds favoring responsible lending practices. The company's ability to scale its member base beyond 2 million while maintaining credit quality will be the critical test. As financial inclusion becomes both a social imperative and a market opportunity, Oportun's mission-driven approach—combined with its fintech infrastructure—positions it as a potential model for how technology can democratize access to credit without sacrificing profitability or customer welfare.
