Open Lending Secures $40,000,000 New Round

  • Feed Type
  • Date
    3/25/2016
  • Company Name
    Open Lending
  • Mailing Address
    901 S. Mo-Pac Expwy Austin, TX 78746 USA
  • Company Description
    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.
  • Website
    http://www.openlending.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $40,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    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.
  • M&A Terms
  • Venture Investor
    Bregal Sagemount
  • Venture Investor
    Investor