Tech Company Inital Public Offerings
Oportun Financial IPO
Oportun Financial, based in Menlo Park, offered its shares in an initial public offering on 9/25/2019.
Transaction Overview
Company Name
Announced On
9/25/2019
Transaction Type
IPO
Amount
$93,750,000
Proceeds Purpose
We intend to use substantially all of the net proceeds from this offering for general corporate purposes, including working capital, data, analytics and technology enhancements, sales and marketing activities, capital expenditures, targeted expansion, development of new products and services and to fund a portion of the loans made to our customers.
Company Information
Company Status
Publicly-held
Industry
FinTech
Mailing Address
PO Box 4085
Menlo Park, CA 94026
USA
Menlo Park, CA 94026
USA
Phone
Website
Email Address
Overview
Oportun Financial (Nasdaq: OPRT), formerly Progreso Financiero, was founded in 2005 with the goal of empowering the millions of Hispanic individuals and entrepreneurs with limited or no credit history to reach their full potential through access to credit-building loans at responsible and affordable rates.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Raul Vazquez
Chief Financial Officer
Jonathan Coblentz
Chief Operating Officer
Matthew Jenkins
Chief Technical Officer
David Needham
Vice President
Ezra Garrett
VP - Human Resources
Sonia Clark
VP - Marketing
Nicholas LeCuyer
Browse more venture capital transactions:
Prev: 9/25/2019: Workspot venture capital transaction
Next: 9/25/2019: Koyfin venture capital transaction
Share this article
Where The Data Comes From
We do our best to document every notable VC transaction. All VC database entries reported here are derived from company press releases and news coverage. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs