When was Open Lending founded?

Open Lending was founded in 2000 and raised its 1st funding round 9 years after it was founded.

Where is Open Lending located?

Open Lending is headquartered in Austin, United States.

How many employees does Open Lending have?

As of Jul 01, 2024, the latest employee count at Open Lending is 123.

Is Open Lending a funded company?

Open Lending is a funded company, having raised a total of $50M across 2 funding rounds to date. The company's 1st funding round was a $***** Series B round, raised on Oct 15, 2009.

When was the latest funding round of Open Lending?

Open Lending's latest funding was a $***** Series C round on Mar 21, 2016, with participation from 1 investor.

What is the annual revenue of Open Lending?

Annual revenue of Open Lending is $-96.1M as on Dec 31, 2024.

Where does Open Lending rank among its competitors?

Open Lending ranks 256th amongst 1843 active competitors, of which 369 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Sift, which secured $507K in Oct, 2025.

Who are the top competitors of Open Lending?

Open Lending's top competitors include ComplyAdvantage, Riskified and Quantexa. Among them, Sift secured the most recent funding round in October, 2025.

Open Lending - 2026 Company Profile, Team, Funding, Competitors & Financials

Open Lending is a public company based in Austin (United States), founded in 2000 by Ross Jessup. 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. The company has 1843 active competitors, including 369 funded and 267 that have exited. Its top competitors include companies like ComplyAdvantage, Riskified and Quantexa.

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

Public

Total Funding

$50M in 2 rounds

Latest Funding Round

Series C, Mar 21, 2016, $*****

Investors

Bregal Sagemount & 6 more

Ranked

256^th among 1843 active competitors

Annual Revenue

$-96.1M as on Dec 31, 2024

Employee Count

123 as on Jul 01, 2024

Similar Companies

ComplyAdvantage & 1346 more

Exit Details

Public

View Open Lending's full profile

Open Lending is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
OPEN LENDING CORPORATION CIN: 32082326292 , United States, Active		$24M (As on Dec 31, 2024)	-	-
OPEN LENDING CORP CIN: 1806201 , United States, Active	Dec 22, 2019	-$96.1M (As on Dec 31, 2024)	-	-

Open Lending got listed on Jun 11, 2020.

Click here to take a look at Open Lending's IPO in detail

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 7 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	1255408	Series C	8236981	7570409	7339040	6391729
Oct 15, 2009	9712628	Series B	1709317	8719137	9777858	3072830

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View details of Open Lending's funding rounds and investors

The founders of Open Lending is Ross Jessup.

Here are the details of Open Lending's key team members:

Ross Jessup: Co-Founder of Open Lending.

View details of Open Lending's Founder profiles and Board Members

Open Lending's employee count trend

Open Lending has 123 employees as of Jul 24. Here is Open Lending's employee count trend over the years:

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Top competitors of Open Lending include ComplyAdvantage, Riskified and Quantexa. Here is the list of Top 10 competitors of Open Lending, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	ComplyAdvantage 2014, London (United Kingdom), Series C	Cloud-based AML solutions	$167M	Ontario Teachers' Pension Plan, Balderton Capital ... & 39 others	77/100
2nd	Riskified 2013, New York City (United States), Public	AI-based payment fraud prevention solutions for e-commerce solution	$232M	Genesis Partners, Entree Capital & 21 others	73/100
3rd	Quantexa 2016, London (United Kingdom), Series F	AI powered data and decision intelligence solutions	$546M	Warburg Pincus, GIC & 14 others	72/100
4th	Profitero 2009, Dun Laoghaire (Ireland), Acquired	Platform offering E- Commerce analytics solutions	$28.2M	Scaleworks, Polaris Partners & 10 others	72/100
5th	Enigma 2011, New York City (United States), Series C	Provider of business data and intelligence for risk and growth management	$130M	New Enterprise Associates, TriplePoint Capital ... & 18 others	72/100
6th	Entrust 1969, Dallas (United States), Acquired	Provider of identity-centric security solutions, including issuance and data protection	-	Thoma Bravo, Olympus Partners	71/100
7th	Sift 1997, San Francisco (United States), Series D	Provider of an AI-powered platform for fraud detection and prevention	$162M	Insight Partners, Union Square Ventures & 22 others	71/100
8th	Signifyd 2011, Palo Alto (United States), Series E	Provider of fraud prevention and payment validation for online retailers	$394M	Resolute Ventures, Owl Rock & 29 others	70/100
9th	NICE Actimize 1999, Hoboken (United States), Acquired	Provider of AI-driven anti-money laundering and fraud detection solutions	$24M	Viola Group, FTV Capital & 3 others	70/100
10th	Fenergo 2009, Dublin (Ireland), Acquired	Cloud based KYC and AML management software	$181M	Ergo, Insight Partners & 25 others	70/100
256th	Open Lending 2000, Austin (United States), Public	Provider of an automated lending platform for financial institutions and retailers	$50M	Bregal Sagemount, Corsa Ventures & 5 others	45/100