Fundraising Fox
Open Lending
Austin, US · 2 known investors
Find your way into Open Lending
Sign up to see every warm intro you have to Open Lending
- Paths you didn't know you had: your email and LinkedIn already hold routes to the Open Lending team. We find them for you
- 2nd- and 3rd-degree connections: the friend-of-a-friend routes that take hours to manually find through your inbox or LinkedIn
- Answers now, not in days: momentum is everything in a raise. Skip asking around whether someone knows someone
Days of research, done the moment you sign in, with every route ranked by how warm it is.
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 & President/COORoss Jessup co-founded Open Lending in 2000 and served as Chief Financial Officer and Chief Operations Officer before retiring in October 2022; he holds a BA in Accounting from the University of Mississippi and is a Certified Public Accountant licensed in Texas with extensive background in corporate finance, accounting, and mergers and acquisitions.
RF
Richard F. WatkinsExecutive
RC
Ryan CollinsChief Information Officer2015–2021Ryan Collins is a founding partner of Open Lending who served as CIO, CTO, and Head of Product Development during the company's 13-year growth from startup to a Nasdaq-listed fintech business exceeding $5 billion in market capitalization. He has held technology leadership roles at multiple companies and is currently CTO of Spacey and Managing Partner of RTEC Ventures.
DG
Drue GoodaleVP Lending ServicesDrue Goodale is an Executive Officer at Open Lending, where he oversees corporate affairs, insurance licensing, and customer contracting for the auto lending technology platform.
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.
Related companies · 5
ExperianExperian 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 OneCapital 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.
ChaseA 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.
CorporatefinanceinstituteCorporate Finance Institute offers an online specialization program teaching finance professionals how to integrate environmental, social, and governance (ESG) factors into financial analysis, valuation, and investment decision-making. The program covers ESG frameworks, sustainability integration, greenhouse gas accounting, and climate risk management across eight core courses.
MeridianLinkMeridianLink provides a digital lending platform and suite of solutions for banks, credit unions, and consumer reporting agencies, combining intelligent automation and AI to simplify lending processes and personalize customer experiences across financial moments from borrowing to home purchases.
Companies working in the same space as Open Lending.
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.