Open Lending
Austin, US · 2 known investors
Open Lending provides automated, risk-based loan pricing and default protection technology for the auto lending industry, serving financial institutions such as banks, credit unions, and lenders. Its Lenders Protection product uses data analysis to price loans and includes insurance coverage from AM Best A-rated insurers.
Founders & leadership
RM
Ross M JessupCo-founder
JJ
John J. FlynnCo-founder
RF
Richard F. WatkinsExecutive
RC
Ryan CollinsExecutive
SM
Steve MartinExecutive
DG
Drue GoodaleExecutive
Board
KW
Kurt WilkinBoard director
KA
Keith A. JezekBoard director
Investors · 2
Reported raises · per SEC filings
Form D private placements$40M disclosed across 1 round · 2016
▶$40MraisedApr 2016 · 1 investors · Other Banking and Financial ServicesRule 506(b)
▶$40MraisedApr 2016 · 1 investors · Other Banking and Financial Services
Rule 506(b)Officers, directors & promoters on the filing
- Ross M JessupExecutive Officer, Director
- Richard F. WatkinsExecutive Officer, Director
- Kurt WilkinDirector
- John J. FlynnExecutive Officer, Director
- Ryan CollinsExecutive Officer
- Steve MartinExecutive Officer
- Drue GoodaleExecutive Officer
- Keith A. JezekDirector
- Offering amount
- $40M
- Amount sold
- $40M
- Finders' fees
- $1.8M
- Proceeds to insiders
- $36.9M
- First sale
- Mar 2016
- Incorporated
- Limited Liability Company, Texas
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Competitors · 4
by search overlapExperian74 shared keywordsExperian offers consumers tools to access their credit report and FICO Score, build credit, and manage money, including credit card matching, bill and subscription negotiation, car insurance comparison, and a digital checking account with debit card. It serves individual U.S. consumers through its app and financial products.
Capital One53 shared keywordsCapital One is a financial services company that offers credit cards, checking and savings accounts, auto financing, and business banking products to consumers and small businesses. The company provides digital banking tools, rewards programs, and credit monitoring services.
Chase53 shared keywordsA wealth management and investing service (J.P. Morgan Wealth Management via Chase) offering self-directed brokerage accounts with commission-free online trades as well as one-on-one advisor services, financial planning tools, and retirement accounts. It serves individual retail investors ranging from beginners to experienced investors in the United States.
MeridianLink46 shared keywordsMeridianLink provides a digital lending platform that combines account opening, mortgage, HELOC, personal lending, and credit cards, with automation and AI for loan origination and decisioning. It serves community banks, credit unions, and independent mortgage banks (IMBs).
Companies competing with Open Lending for the same Google search keywords, organic and paid, via search-intersection analysis.
Frequently asked questions
- What does Open Lending do?
- Open Lending provides automated, risk-based loan pricing and default protection technology for the auto lending industry, serving financial institutions such as banks, credit unions, and lenders. Its Lenders Protection product uses data analysis to price loans and includes insurance coverage from AM Best A-rated insurers.
- Who founded Open Lending?
- Open Lending was founded by Ross M Jessup, John J. Flynn.
- Who are Open Lending's investors?
- Open Lending's investors include Bregal Sagemount, Corsa Ventures.
- How much funding has Open Lending raised?
- Open Lending has disclosed $40M raised across 1 round.
- Where is Open Lending headquartered?
- Open Lending is headquartered in Austin, US.