Tech Company Financing Transactions
Open Lending Funding Round
Open Lending, operating out of Austin, raised $40 million in investment from Bregal Partners and private investors.
Transaction Overview
Company Name
Announced On
3/25/2016
Transaction Type
Venture Equity
Amount
$40,000,000
Round
Undisclosed
Investors
Bregal Partners (Gene Yoon)
private investors (Blair Greenberg)
Proceeds Purpose
The company intends to use the funds to accelerate further growth within the automated lending industry, and accelerate its expansion among financial institutions, credit unions, and regional banks.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
1501 S. Mopac Expy. 450
Austin, TX 78746
USA
Austin, TX 78746
USA
Phone
Website
Email Address
Overview
Open Lending provides automated lending services to financial institutions. The company specializes in loan analytics, risk-based pricing, risk modeling and automated decision technology for automotive lenders throughout the United States. The company was founded in Austin, TX in 2000 and is privately owned.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
John Flynn
Chief Financial Officer
Chuck Jehl
Chief Operating Officer
Ross Jessup
Chief Technical Officer
Sarah Lackey
VP - Sales
Matthew Roe
VP - Sales
Chris Silk
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