Oportun

Oportun, Inc., founded in 2005 and based in San Carlos, California, is a financial services company that specializes in providing personal loans to individuals who may lack a credit score or have limited credit history. The company aims to empower its 1.9 million members by offering a digital banking platform that includes intelligent borrowing, savings, budgeting, and spending tools. Since its inception, Oportun has disbursed over $15.5 billion in responsible credit, effectively saving its members more than $2.3 billion in interest and fees. The company also offers a range of products, including unsecured and secured personal loans, auto loans, and various transaction services, all designed to help members achieve their financial goals and improve their financial well-being.

Nicholas LeCuyer

Senior Vice President, Strategy and Corporate Development

2 past transactions

Digit

Acquisition in 2021
Digit is a finance app that analyzes your spending habits and automatically saves the perfect amount every day. The platform automates the day-to-day work of managing money so you don’t have to think about it. They help eliminate the stress and anxiety people feel about their finances while helping them build a proven foundation for the future they’re trying to achieve. Digit keeps your money socked away in a separate account and your savings will depend on a number of variables, including how much money you keep in your checking account and what your saving and spending pattern. Their technology combines machine learning and behavioral psychology to provide a financial assistant you can trust to work toward your goals while you spend your time and effort on what’s most meaningful in your life. It saves the amount of money every day based on your spending and income and tells you the intelligent timeline for achieving them. Digit was founded in 2013 and is headquartered in San Francisco, California, United States.

SpringboardAuto

Acquisition in 2018
SpringboardAuto is a direct-to-consumer auto loan platform transforming car buying and financing into a modern online and mobile friendly experience. Whether it’s buying from a private party, dealer or refinancing an existing loan, our platform utilizes robust technology and data to deliver a premium lending experience. Consumers enjoy a self-serve, transparent and easy-to-use online transaction that puts them in control of their financing. We empower customers to move through the loan process at their own speed and to personalize approved loan terms using our Loan Configurator. Because customer needs are at the core of what we do, our platform is designed and continually enhanced based on customer feedback and market demands. The result – a simplified loan process to meet our goal of confident customers who drive away happy.
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