Open Lending - About the company
Open Lending is an acquired company based in Austin (United States), founded in 2000 by Ross Jessup and Eddy Ferguson. It operates as a Provider of an automated lending platform for financial institutions and retailers. Open Lending has raised $50M in funding from Bregal Sagemount, with last known valuation of $*****. The company has 1933 active competitors, including 352 funded and 273 that have exited. Its top competitors include companies like ComplyAdvantage, Riskified and Entrust.
Company Details
Provider of an automated lending platform for financial institutions and retailers. It offers technology that transforms the auto lending industry. The platform provides analysis for accurate pricing commensurate with application risk. It delivers rate analysis and automated decisioning. The platform integrates with existing systems and processes. It offers default protection from insurers.
- Website
- openlending.com
- Social
- Email ID
- *****@openlending.com
Key Metrics
Founded Year
2000
Location
Austin, United States
Stage
Acquired
Total Funding
$50M in 2 rounds
Latest Funding Round
Last Known Valuation
$***** as on May 18, 2020
Investors
Ranked
54th among 1933 active competitors
Annual Revenue
$50M - $100M as on Dec 31, 2025
Employee Count
168 as on Sep 30, 2026
Similar Companies
Exit Details
Acquired
Legal entities associated with Open Lending
Open Lending is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
OPEN LENDING CORPORATION CIN: 32082326292 , United States, Active | $10M - $50M (As on Dec 31, 2024) | - | - | |
OPEN LENDING CORP CIN: 1806201 , United States, Active | Dec 22, 2019 | $50M - $100M (As on Dec 31, 2025) | - | - |
Open Lending's acquisition details
Open Lending got acquired on Jun 16, 2026.
Click here to take a look at Open Lending's acquisition in detail
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Open Lending's funding and investors
Open Lending has raised a total funding of $50M over 2 rounds. Its first funding round was on Oct 15, 2009. Its latest funding round was a Series C round on Mar 21, 2016 for $*****. 1 investor participated in its latest round. Open Lending has 9 institutional investors.
Here is the list of recent funding rounds of Open Lending:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 21, 2016 | 2969274 | Series C | 7914685 | 1488240 | 7864216 | 3591666 |
Oct 15, 2009 | 8523322 | Series B | 4827199 | 7211106 | 3085562 | 1707675 |
Access funding benchmarks and valuations. Sign up today!View details of Open Lending's funding rounds and investors
Open Lending's founders and board of directors
Founder? Claim ProfileThe founders of Open Lending are Ross Jessup and Eddy Ferguson.
Here are the details of Open Lending's key team members:
- Ross Jessup: Co-Founder of Open Lending.
- Eddy Ferguson: Co-Founder, Chief Technology Officer of Open Lending.
View details of Open Lending's Founder profiles and Board Members
Open Lending's employee count trend
Open Lending has 168 employees as of Sep 26. Here is Open Lending's employee count trend over the years:
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Open Lending's Competitors and alternates
Top competitors of Open Lending include ComplyAdvantage, Riskified and Entrust. Here is the list of Top 10 competitors of Open Lending, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  ComplyAdvantage 2014, London (United Kingdom), Series C | Cloud-based AML solutions | $171M | 77/100 | |
2nd |  Riskified 2013, New York City (United States), Public | AI-based payment fraud prevention solutions for e-commerce solution | $232M | 74/100 | |
3rd | Entrust 1969, Dallas (United States), Acquired | Provider of identity-centric security solutions, including issuance and data protection | - | 74/100 | |
4th | Drata 2020, San Diego (United States), Series C | Risk assessment and management solutions for enterprises | $328M | 73/100 | |
5th | Quantexa 2016, London (United Kingdom), Series F | Provider of decision intelligence software for connecting fragmented enterprise data | $545M | 73/100 | |
6th |  Chainalysis 2014, New York City (United States), Series F | Blockchain data platform providing crypto insights | $538M | 72/100 | |
7th | Cloud based KYC and AML management software | $181M | 72/100 | ||
8th | NICE Actimize 1999, Hoboken (United States), Acquired | Provider of AI-driven anti-money laundering and fraud detection solutions | $24M | 72/100 | |
9th |  Enigma 2011, New York City (United States), Series C | Provider of business data and intelligence for risk and growth management | $130M | 72/100 | |
10th | Provider of digital solutions for KYC, document management, and digital signatures | $11.9M | 72/100 | ||
54th | Open Lending 2000, Austin (United States), Acquired | Provider of an automated lending platform for financial institutions and retailers | $50M | 62/100 |
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Open Lending's Investments and acquisitions
Open Lending has made no investments or acquisitions yet.
Reports related to Open Lending
Here is the latest report on Open Lending's sector:
News related to Open Lending
Filter this listMedia has covered Open Lending for a total of 10 events in the last 1 year, 5 of them have been about company updates and 3 about people movement.
•
Open Lending Announces Ross Jessup as Chief Executive Officer and Massimo Monaco as PresidentBusiness Wire•Oct 15, 2026•Open Lending
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ANV Group Holdings Agrees to Acquire Open Lending Corp. in All-Cash DealInsurance Journal•Jun 16, 2026•Open Lending, Monteverde, Olin Corporation, Huntsman
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Portolan Capital Management LLC Makes New Investment in Mercury Systems Inc $MRCYMarketBeat•Mar 14, 2026•Mercury, Portolan Capital Management, Open Lending
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Open Lending Reports Fourth Quarter and Full Year 2025 Financial ResultsGlobeNewswire•Mar 13, 2026•Open Lending
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Open Lending Appoints Anthony Capizzano as Chief Growth OfficerGlobeNewswire•Jan 05, 2026•Open Lending
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Open Lending Appoints Abhijit Chaudhary to Board of DirectorsBenzinga•Nov 26, 2025•Open Lending, Mastercard
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Open Lending (NASDAQ:LPRO) Insider Purchases $60,800.00 in StockMarketBeat•Nov 23, 2025•Open Lending
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Open Lending Launches ApexOne Auto to Expand Auto Lending AccessibilityGlobeNewswire•Nov 06, 2025•Open Lending
•
LB Partners LLC Makes New Investment in Open Lending Corporation $LPROMarketBeat•Oct 20, 2025•Lbpartners, Open Lending
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