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Oportun provides affordable personal and auto loans to underserved communities across 12 states, operating in consumer finance with a focus on responsible lending. Its loans feature flexible terms and competitive interest rates, designed to fit customers’ financial situations. The company underwrites loans using advanced data analytics to assess creditworthiness, including individuals with limited or no credit history, enabling access to credit where traditional banks may not. Revenue comes from interest and associated fees. Unlike lenders that rely on traditional credit scores alone, Oportun prioritizes financial inclusion and tailored lending options to help customers improve their financial health.
Industries
Data & Analytics
Fintech
Financial Services
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Redwood City, California
Founded
2005
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Total Funding
$3.5B
Above
Industry Average
Funded Over
19 Rounds
401(k)
Flexible Work Hours
Oportun appoints Bernardo Martinez as Chief Retail and Sales Officer and Garrett Hope as Chief Product Officer. Experienced consumer financial services and product leaders will deepen member relationships and advance Oportun's mission of expanding access to responsible financial services. SAN MATEO, Calif., Sept. 21, 2026 (GLOBE NEWSWIRE) - Oportun (Nasdaq: OPRT), a mission-driven financial services company, today announced that Bernardo Martinez has joined the Company as Chief Retail and Sales Officer and Garrett Hope has joined as Chief Product Officer. Martinez will lead the functions that shape Oportun's member experience across its digital, retail and contact center channels. Hope will lead product strategy and development, helping the Company deliver products and experiences that support members throughout their financial journey. Both executives will report to Doug Bland, Chief Executive Officer of Oportun. "Bernardo and Garrett are accomplished leaders who understand how to build member-centered businesses and products at scale," said Bland. "Their appointments round out the organizational changes we have made to position Oportun for its next phase of execution. Bernardo brings a deep understanding of the financial needs of consumers, while Garrett has led consumer product development across some of the world's most recognized digital platforms. Together, they will help us deepen member relationships, sharpen our product focus, and deliver responsible financial products and experiences that support our members' progress." Martinez brings more than 25 years of experience across consumer and small business financial services, lending, channel management and product development. Martinez was most recently at SoFi, where he led strategy, product development, and operations across the insurance, employee financial wellness platform, small business financial services, and consumer marketplace businesses. Prior to SoFi, Martinez led strategy, product development and operations for PayPal's microbusiness and global merchant lending businesses. Martinez has also held leadership roles at Funding Circle, Banco del Progreso, and Bank of America. "Oportun's mission and its bilingual, omnichannel approach represent a unique opportunity to expand access to responsible financial services in the communities we serve," said Martinez. "I am excited to join Doug and the team and to help make every interaction with Oportun responsive to the financial needs of our members." Hope brings 20 years of experience building consumer technology and marketplace products. Hope was most recently at PayPal, where he led end-to-end product development for consumer products and platforms, including the PayPal and Venmo apps. Prior to PayPal, Hope served in product leadership roles at Google and Expedia Group/Vrbo. "Oportun has a meaningful opportunity to innovate its product set towards helping its members advance their financial goals," said Hope. "I look forward to working with Doug and the leadership team to build simple and effective experiences that meet members where they are and enable informed financial decisions." About Oportun Oportun (Nasdaq: OPRT) is a mission-driven financial services company that puts its members' financial goals within reach. With intelligent borrowing, savings, and budgeting capabilities, Oportun empowers members with the confidence to build a better financial future. Since inception, Oportun has provided more than $22.7 billion in responsible and affordable credit, saved its members more than $2.5 billion in interest and fees, and helped its members set aside an average of more than $1,800 annually. For more information, visit oportun.com. Forward-Looking Statements This press release contains forward-looking statements. These forward-looking statements are subject to the safe harbor provisions under the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this press release, including statements regarding Oportun's leadership team, strategy, member experience, product development, growth, execution, and future performance, are forward-looking statements. These statements involve known and unknown risks, uncertainties, assumptions, and other factors that could cause actual results to differ materially from those expressed or implied by the forward-looking statements. These risks and uncertainties include those risks described in Oportun's filings with the Securities and Exchange. These forward-looking statements speak only as of the date on which they are made and, except to the extent required by federal securities laws, Oportun disclaims any obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events. Investor Contact Dorian Hare (650) 590-4323 [email protected] Media Contact Michael Azzano Cosmo PR for Oportun [email protected] (415) 596-1978
Oportun, a mission-driven financial services company, has appointed Bill Franklin as chief financial officer, effective 8 September 2026. Franklin will lead the finance organisation and work with executive leadership to advance financial strategy and long-term value creation. Franklin brings over 20 years of financial leadership experience. He most recently served as senior vice president and chief financial officer of Consumer Banking at Discover Financial Services, where he oversaw financial planning and analysis for consumer lending and deposit businesses. He previously held roles as assistant treasurer and head of investor relations at Discover. Chief executive officer Doug Bland praised Franklin's strategic finance leadership and consumer financial services expertise. Since inception, Oportun has provided more than $22.7 billion in credit.
Oportun names Bill Franklin as Chief Financial Officer. Seasoned financial services executive brings deep consumer lending and public markets expertise to advance Oportun's mission and profitable growth. SAN MATEO, Calif., Sept. 08, 2026 (GLOBE NEWSWIRE) - Oportun (Nasdaq: OPRT), a mission-driven financial services company, announced that Bill Franklin has joined the Company as Chief Financial Officer, effective today, September 8, 2026. Franklin will lead Oportun's finance organization and partner with the executive leadership team to advance the Company's financial strategy, operating discipline, and long-term value creation. "Bill brings an ideal combination of strategic finance leadership and deep consumer financial services experience, alongside a strong understanding of the public markets," said Doug Bland, Chief Executive Officer of Oportun. "He is a thoughtful, disciplined operator who knows how to set financial strategy in order to drive business performance. I am delighted to welcome Bill to Oportun at this pivotal moment, with our focus on building a durable, profitable growth engine." Franklin brings more than 20 years of financial leadership experience with increasing levels of responsibility in financial planning and analysis, capital markets, investor relations, and corporate development. At Discover Financial Services, he served as Senior Vice President and Chief Financial Officer of Consumer Banking overseeing financial planning and analysis for Discover's consumer lending and deposit businesses, including personal loans. He previously held leadership roles as Assistant Treasurer and Head of Investor Relations. "Oportun's differentiated platform, and the opportunity to create sustainable value are compelling," said Franklin. "I am excited to join Doug and the team and look forward to helping the Company accelerate its mission, empowering its members to build a better future." About Oportun Oportun (Nasdaq: OPRT) is a mission-driven financial services company that puts its members' financial goals within reach. With intelligent borrowing, savings, and budgeting capabilities, Oportun empowers members with the confidence to build a better financial future. Since inception, Oportun has provided more than $22.7 billion in responsible and affordable credit, saved its members more than $2.5 billion in interest and fees, and helped its members set aside an average of more than $1,800 annually. For more information, visit oportun.com. Investor Contact Dorian Hare (650) 590-4323 [email protected] Media Contact Michael Azzano Cosmo PR for Oportun [email protected] (415) 596-1978 Company Profile Oportun Financial Corporation Industry: Financials Website: https://oportun.com Recommended reading.
Q3 EPS estimates for Oportun Financial increased by Sidoti. August 14, 2026 Key points. * Sidoti raised Oportun Financial's Q3 2026 EPS estimate to $0.43 from $0.34, while forecasting $1.28 EPS for FY2026 and $1.60 for FY2027. * Analyst sentiment remains mixed: Oportun has a consensus rating of "Hold" and an average price target of $7.33, although Stephens raised its target to $8.00 and Wall Street Zen upgraded the stock to "strong-buy." * Oportun recently beat quarterly expectations, reporting $0.42 EPS versus the $0.33 consensus and revenue of $233.23 million versus $230.68 million; institutional investors own 82.70% of the company's shares. * Five stocks to consider instead of Oportun Financial. Oportun Financial Corporation (NASDAQ:OPRT - Free Report) - Equities research analysts at Sidoti boosted their Q3 2026 earnings estimates for Oportun Financial in a note issued to investors on Thursday, August 6th. Sidoti analyst B. Mccarthy now anticipates that the company will post earnings of $0.43 per share for the quarter, up from their prior forecast of $0.34. The consensus estimate for Oportun Financial's current full-year earnings is $1.35 per share. Sidoti also issued estimates for Oportun Financial's Q4 2026 earnings at $0.52 EPS, FY2026 earnings at $1.28 EPS, Q1 2027 earnings at $0.28 EPS, Q2 2027 earnings at $0.37 EPS, Q3 2027 earnings at $0.46 EPS, Q4 2027 earnings at $0.49 EPS and FY2027 earnings at $1.60 EPS. A number of other equities analysts also recently issued reports on OPRT. Stephens upped their price target on Oportun Financial from $7.00 to $8.00 and gave the company an "overweight" rating in a report on Thursday, August 6th. Wall Street Zen upgraded shares of Oportun Financial from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 8th. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of Oportun Financial in a research report on Wednesday, June 24th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Oportun Financial currently has a consensus rating of "Hold" and an average price target of $7.33. Oportun Financial price performance. Oportun Financial stock opened at $7.64 on Friday. The stock's fifty day moving average is $5.84 and its two-hundred day moving average is $5.42. The stock has a market cap of $351.36 million, a PE ratio of 19.10 and a beta of 1.22. Oportun Financial has a 1-year low of $4.03 and a 1-year high of $8.30. Oportun Financial (NASDAQ:OPRT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.09. The business had revenue of $233.23 million for the quarter, compared to analyst estimates of $230.68 million. Oportun Financial had a net margin of 2.05% and a return on equity of 13.55%. Oportun Financial has set its FY 2026 guidance at 1.500-1.650 EPS. Institutional investors weigh in on Oportun Financial. A number of hedge funds have recently added to or reduced their stakes in OPRT. BlackRock Inc. acquired a new position in Oportun Financial during the 2nd quarter worth approximately $19,244,000. Cannell Capital LLC raised its position in Oportun Financial by 7,067.0% in the second quarter. Cannell Capital LLC now owns 1,601,244 shares of the company's stock worth $11,465,000 after acquiring an additional 1,578,902 shares in the last quarter. Simcoe Capital LLC acquired a new stake in Oportun Financial in the fourth quarter valued at $4,208,000. Millennium Management LLC lifted its holdings in Oportun Financial by 54.1% in the fourth quarter. Millennium Management LLC now owns 1,899,552 shares of the company's stock valued at $10,049,000 after acquiring an additional 667,271 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Oportun Financial by 30.4% during the 3rd quarter. Vanguard Group Inc. now owns 2,106,640 shares of the company's stock worth $12,998,000 after purchasing an additional 490,608 shares in the last quarter. Institutional investors and hedge funds own 82.70% of the company's stock. About Oportun Financial. Oportun Financial Corporation NASDAQ: OPRT is a financial technology company that provides consumer lending products aimed at serving the underbanked and credit-invisible population in the United States. Headquartered in Redwood City, California, Oportun operates a digital platform that enables borrowers to access credit through unsecured personal installment loans, secured credit-builder loans and a proprietary mobile wallet. The company leverages machine learning and alternative data sources to assess creditworthiness, extending financial services to customers with limited or no traditional credit history. Discover more Cryptocurrency market data Insider trades screener Earnings screener tool The company's core offerings include fixed-term installment loans designed to help individuals cover unexpected expenses, consolidate debt or build credit. Further reading. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Before you consider Oportun Financial, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Oportun Financial wasn't on the list. While Oportun Financial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. Enter your email address and we'll send you MarketBeat's list of ten stocks set to soar in Summer 2026, despite the threat of tariffs and what's happening in Iran. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Oportun appoints Scott Scheirman to its Board of Directors. SAN MATEO, Calif., Aug. 13, 2026 (GLOBE NEWSWIRE) - Oportun (Nasdaq: OPRT), a mission-driven financial services company, today announced Scott Scheirman has joined its Board of Directors as an independent Director, effective August 11, 2026. He will serve as Chair of the Board's Audit & Risk Committee and as a member of its Compensation & Leadership Committee. With his appointment, Oportun's Board now includes eight directors. Scheirman brings more than three decades of executive leadership and finance experience across financial services, payments, risk management, and capital markets. He most recently served as President and Chief Executive Officer of CPI Card Group Inc. from October 2017 until his retirement in January 2024, after joining its board of directors in 2016. Previously, Scheirman was Chief Executive Officer and co-founder of JKL Ventures LLC, a private investment and strategic advisory firm. He also served as Executive Vice President and Chief Financial Officer of The Western Union Company and held executive leadership and financial roles at First Data Corporation, now Fiserv. Scheirman began his career at Ernst & Young LLP and holds a Bachelor of Science degree in Business Administration with an emphasis in Accounting from the University of Northern Colorado. "Oportun is committed to thoughtful Board refreshment and maintaining the right mix of experience and perspectives to support effective oversight. Scott brings significant strategic planning and public company leadership experience as a former CEO and CFO, as well as a deep understanding of financial services, and will be a valuable addition to the Board," said Ginny Lee, Chair of Oportun's Nominating, Governance & Social Responsibility Committee. "Scott brings the perspective of an experienced operator and a practical understanding of how strong financial businesses create value over time," said Doug Bland, Chief Executive Officer of Oportun. "His perspective will be especially valuable as we continue to enhance our strategy, strengthen execution and build sustainable, profitable growth." About Oportun Oportun (Nasdaq: OPRT) is a mission-driven financial services company that puts its members' financial goals within reach. With intelligent borrowing, savings, and budgeting capabilities, Oportun empowers members with the confidence to build a better financial future. Since inception, Oportun has provided more than $22.7 billion in responsible and affordable credit, saved its members more than $2.5 billion in interest and fees, and helped its members set aside an average of more than $1,800 annually. For more information, visit oportun.com. Investor Contact Dorian Hare (650) 590-4323 [email protected] Media Contact Michael Azzano Cosmo PR for Oportun [email protected] (415) 596-1978 Legal Disclaimer: EIN Presswire provides this news content "as is" without warranty of any kind. Africa SMB Journal do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
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Industries
Data & Analytics
Fintech
Financial Services
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Redwood City, California
Founded
2005
Find jobs on Simplify and start your career today