Mission-Driven Lender Also Named to Recent FinTech and Bay Area Lists
SAN CARLOS, Calif., Nov. 15, 2018 (GLOBE NEWSWIRE) -- Oportun today announced that it has been named to Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America.
According to Oportun CEO Raul Vazquez, Oportun’s proprietary lending platform leverages advanced data analytics, machine learning, and innovative next-generation technology. “Our goal is to serve the low-to-moderate income adults in the United States who have trouble accessing affordable credit either because they lack credit history or because their credit scores do not accurately reflect their creditworthiness,” said Vazquez. “We are committed to building a sustainable business that helps people shut out of the financial mainstream and are pleased to be recognized as one of Deloitte’s Technology Fast 500.”
The mission-driven, technology-powered lender was also recently named to the Silicon Valley Business Journal Fast Private Awards, the San Francisco Business Times Fastest Growing Private Companies List, and CB Insights FinTech 250.
About Deloitte’s 2018 Technology Fast 500™
Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2014 to 2017.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
About Oportun
Oportun is a mission-driven, technology-powered provider of inclusive, affordable financial services and a certified Community Development Financial Institution. By lending money to hardworking, low-to-moderate income individuals, Oportun helps them move forward in their lives, demonstrate their creditworthiness, and establish the credit history they need to access new opportunities. Oportun operates 300 retail locations and delivers bilingual (English/Spanish) customer service through retail locations, contact centers, and mobile to customers in twelve states: Arizona, California, Florida, Idaho, Illinois, Missouri, Nevada, New Jersey, New Mexico, Texas, Utah, and Wisconsin.
For more information on Oportun please visit http://www.oportun.com.
PRESS CONTACT:
Michael Azzano
Cosmo PR for Oportun
415.596.1978
michael@cosmo-pr.com