Full-Time
Posted on 7/30/2025
Provides affordable personal and auto loans
$18 - $19/hr
Los Angeles, CA, USA
In Person
| , |
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.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Redwood City, California
Founded
2005
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401(k)
Flexible Work Hours
Oportun provides updates on leadership transition. By GlobeNewswire April 2, 2026 Kate Layton and Gaurav Rana to jointly lead Oportun on an interim basis as Board of Directors advances CEO search SAN MATEO, Calif., April 02, 2026 (GLOBE NEWSWIRE) - Oportun Financial Corporation (Nasdaq: OPRT) ("Oportun" or the "Company"), a mission-driven financial services company, today announced that Kate Layton and Gaurav Rana will assume interim leadership of the company through a joint Office of the CEO, effective April 4, 2026, following the previously announced departure of Raul Vazquez as Chief Executive Officer and a member of Oportun's Board of Directors (the "Board"). Ms. Layton and Mr. Rana will continue in their current roles as Chief Legal Officer and Corporate Secretary and General Manager of Lending, respectively, as they assume their new responsibilities while the Board completes its search for a permanent CEO. Mr. Vazquez will serve as an advisor to the Company until July 3, 2026, to ensure a smooth and orderly transition. Louis P. Miramontes, Lead Independent Director of Oportun, commented, "We continue to make good progress in our CEO selection process, and we have engaged with a compelling list of candidates. Meanwhile, the Board and I are pleased that Kate and Gaurav are assuming interim leadership of Oportun. They are exceptional leaders with deep understanding of our business and a shared commitment to our mission and our members." Kate Layton has served as Chief Legal Officer and Corporate Secretary of Oportun since July 2023. Ms. Layton has been with the Company since 2015 and previously served as Deputy General Counsel and Corporate Secretary. Before joining Oportun, Ms. Layton was a Senior Corporate Counsel at ServiceNow, and prior to moving in-house was an attorney at Simpson Thacher & Bartlett LLP and McDermott Will & Emery LLP. Gaurav Rana has served as Senior Vice President and General Manager of Lending at Oportun since February 2024. Mr. Rana joined Oportun in 2017 as Head of Data and Analytics and has extensive experience in financial services, including leading customer strategy and product analytics in Capital One's Credit Card and Retail Banking divisions and serving in senior roles in the financial services practice at McKinsey & Company. 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 $21.8 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. These statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause Oportun's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied, including those related to successful leadership integration, execution of business strategies, and other factors described in reports we file from time to time with the SEC, including Forms 8-K, 10-Q and 10-K. 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 FGS Global John Christiansen / Bryan Locke
Oportun CEO Raul Vazquez will step down as chief executive and board member, effective 3 April or until a successor is found. He will serve as an adviser until 3 July. Vazquez's departure follows pressure from Findell Capital Management, Oportun's second-largest shareholder, which blamed costly errors for the fintech's stock price collapse from $27.95 in 2021 to around $3 per share by early 2023. Findell criticised Vazquez for the disastrous acquisition of neobank Digit and an inflated cost structure. Oportun reported preliminary 2025 revenue of between $955 million and $957 million. Lead independent director Louis Miramontes credited Vazquez for transforming the company from a regional lender reporting $30 million revenue in 2012 into a national financial services company during his 14-year tenure.
Oportun reports increased Holiday Savings trends in 2025 Holiday Savings Report. Posted: 4 days, 22 hours ago / Nov. 19, 2025 8:50 p.m. UTC Oportun's report reveals a 30% increase in holiday savings among Americans, with average savings of $1,051 in 2025. Quiver AI summary. Oportun's 2025 Holiday Savings Report reveals that Americans are saving significantly more for the holiday season, with over $6.5 million saved so far, reflecting a 30% increase from 2024. The report indicates consumers expect to spend more this year, driven by factors like inflation and travel. Oportun's Head of Savings, Annie Ma, noted that members are embracing automated savings to ease financial stress during the holidays. Key findings show members saved an average of $1,051 through September, with a notable 10% increase in Q3 savings. Kansas, Washington, and Colorado led in holiday savings, while North Carolina, Michigan, and Idaho saw the lowest. The report also highlighted a trend of members managing their savings goals effectively, with a consistent rise in deadline-driven savings goals each year. Oportun's Set & Save app, recognized as the top savings app for 2024 and 2025, has helped members save more than $12.3 billion since its launch. Potential positives. * The Oportun Holiday Savings Report highlights a 30% increase in savings for the holiday season compared to 2024, showcasing the effectiveness of their Set & Save product in promoting financial wellness among consumers. * Oportun has been recognized as the #1 savings app for 2024 and 2025 by Bankrate, enhancing its reputation and likely attracting more users to its savings platform. * The total savings by Oportun members has exceeded $12.3 billion since 2015, indicating strong user engagement and satisfaction with the company's services. Potential negatives. * Members withdrew an average of $605 from their accounts in the third quarter, indicating potential financial stress or prioritization of other expenses over holiday savings. * The slowing increase in the number of new deadline goals created each quarter may suggest diminishing engagement or interest in the savings product over time. * North Carolina, Michigan, and Idaho had the lowest levels of savings in 2025, which could reflect regional issues that may impact Oportun's overall market performance and reputation. What is the key finding of the 2025 Holiday Savings Report? The report shows Americans are saving aggressively for the holiday season, with over $6.5 million saved in 2025, a 30% increase from 2024. Which states showed the highest average holiday savings? Kansas, Washington, and Colorado were the top three states, with savers averaging over $1,200 in holiday savings. How much did members save on average for holiday goals in 2025? Members saved an average of $1,051 towards their holiday goals between January and September 2025. What does the data suggest about holiday spending expectations for 2025? Data suggests that many Americans expect to spend more this holiday season compared to last year, partly due to inflation and personal plans. How does Oportun's Set & Save product help members save? Set & Save uses AI to automatically transfer "safe-to-save" funds into separate savings accounts, helping members reach their savings goals. Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here. $OPRT insider trading activity. $OPRT insiders have traded $OPRT stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales. * KATHLEEN I. LAYTON (Chief Legal Officer) sold 4,214 shares for an estimated $27,980 To track insider transactions, check out Quiver Quantitative's insider trading dashboard. $OPRT hedge fund activity. We have seen 74 institutional investors add shares of $OPRT stock to their portfolio, and 55 decrease their positions in their most recent quarter. * FORAGER CAPITAL MANAGEMENT, LLC added 1,957,588 shares (+inf%) to their portfolio in Q3 2025, for an estimated $12,078,317 * PORTOLAN CAPITAL MANAGEMENT, LLC removed 1,619,470 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $9,992,129 * VANGUARD GROUP INC added 490,608 shares (+30.4%) to their portfolio in Q3 2025, for an estimated $3,027,051 * BLACKROCK, INC. added 441,994 shares (+17.4%) to their portfolio in Q3 2025, for an estimated $2,727,102 * GEODE CAPITAL MANAGEMENT, LLC added 400,063 shares (+51.5%) to their portfolio in Q3 2025, for an estimated $2,468,388 * INVESCO LTD. removed 379,045 shares (-78.2%) from their portfolio in Q3 2025, for an estimated $2,338,707 * STATE STREET CORP added 325,058 shares (+82.5%) to their portfolio in Q3 2025, for an estimated $2,005,607 To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. $OPRT analyst ratings. Wall Street analysts have issued reports on $OPRT in the last several months. We have seen 0 firms issue buy ratings on the stock, and 1 firms issue sell ratings. * JP Morgan issued a "Underweight" rating on 10/07/2025 To track analyst ratings and price targets for $OPRT, check out Quiver Quantitative's $OPRT forecast page. Full release. SAN CARLOS, Calif., Nov. 19, 2025 (GLOBE NEWSWIRE) - Oportun (Nasdaq: OPRT) today shared results from its 2025 Holiday Savings Report showing that Americans are saving more aggressively for this year's holiday season. Having saved over $6.5 million so far this year, a 30% increase from 2024, consumers appear to be budgeting for a rise in holiday spending in 2025. "Whether due to inflation, travel, or personal plans, the data leads us to believe that many Americans expect to spend more this holiday season than last year," said Annie Ma, Oportun Head of Savings. "The good news is that people are proving to be savvy savers, leaning into automated savings products early to help relieve their financial stress during the holidays." The Oportun Holiday Savings Report analyzes member year-over-year savings amounts and behaviors for those savings goals tagged as "holiday" in its Set & Save product. Key findings from the 2025 report indicate: * Members saved an average of $1,051 between January 2025 and September 2025. * Members accelerated their catch-up savings over the summer, saving an average of $431 towards holiday goals in the third quarter, an increase of 10% compared to the same period last year. * Kansas, Washington, and Colorado were the top three saver states with an average of over $1,200 in holiday savings by members in each state. Washington was also a top-three-performing state in 2024. North Carolina, Michigan, and Idaho had the lowest levels of savings in 2025. * On average, members withdrew $605 from their accounts over the third quarter, continuing an annual pattern of saving through the summer, then beginning to withdraw funds by the start of October. These withdrawals could indicate that members experienced other priority expenses or that they began shopping early to lock in anticipated discounts. * On average, members saved $148 in the first 30 days after creating a holiday savings account. Additionally, this year's report tracked the overall number of deadline-driven goals or accounts created throughout the year. It found that, over the last two years, there has been a consistent 20%+ increase in goals with deadlines from the end of the prior year to the beginning of the next, with the number of new deadline goals slowing every subsequent quarter throughout the year. "Consumers are more likely to commit to intentional savings goals at the start of each year," continued Ma. "This report and our members' overall experiences reinforce the mantra of start strong and stay consistent with your savings - your future self will thank you." About Set & Save Named the #1 savings app for 2024 and 2025 by Bankrate, Set & Save helps members automatically set aside money for an unlimited number of savings goals. Using artificial intelligence (AI), its smart savings feature learns member income and spending habits to identify and then automatically transfers "safe-to-save" funds into a separate savings account. Oportun members have saved more than $12.3 billion in total using Set & Save since 2015, with an average annual savings of $1,800 per member. 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 $21.3 billion in responsible and affordable credit, saved its members more than $2.5 billion in interest and fees, and helped its members save an average of more than $1,800 annually. For more information, visit Oportun.com. Contacts Investor Contact Dorian Hare (650) 590-4323 [email protected] Media Contact Michael Azzano Cosmo PR for Oportun (415) 596-1978 [email protected]
Fintech firm Oportun issues $538M two-year revolving fixed-rate notes at 5.29% yield, earning AAA rating on senior notes. Company pays down $10M of corporate debt, reducing facility balance to $212.5M.
There was nowhere to run this week for investors seeking to escape a market rout that came on like a tidal wave, crashing down Thursday. Tariffs, of course, dominated, and once they were real, as of Wednesday night, the stage was set for a plunge Thursday that’s not been seen in years. Investors fled [] The post FinTech IPO Index Plunges 11.7% Amid Broad-Based Market Rout appeared first on PYMNTS.com.