Oportun Financial Corporation - common stock (OPRT)

Competitors to Oportun Financial Corporation - common stock (OPRT)

CashUSA

CashUSA is an online lending marketplace that connects consumers to a network of lenders for personal loans, providing competition to Oportun by targeting similar demographics. While Oportun emphasizes a specific range of installment loans with a focus on transparency and responsible lending, CashUSA offers a wider array of lenders and loan amounts, appealing to a broader audience and potentially attracting users looking for varied options, though it may lack the reputational strength of Oportun.

Elevate Credit

Elevate Credit faces competition with Oportun by providing a range of credit solutions primarily aimed at underbanked customers. Elevate distinguishes itself through its platforms, such as Rise and Elastic, offering both installment loans and line of credit products. While both companies have similar consumer focus, Elevate's distinguishing feature is its emphasis on credit education and budgeting tools that attract customers looking for a comprehensive financial solution.

Enova International 

Enova International competes with Oportun by offering a variety of online financial services, including consumer and business loans. Both companies target underbanked populations, emphasizing quick approval processes and accessible credit options. While Oportun focuses heavily on installment loans for consumers with limited credit histories, Enova diversifies its offerings by also targeting small businesses through its platform, creating a competitive edge with a wider market reach.

LendingClub 

LendingClub competes with Oportun by operating a peer-to-peer lending platform that connects borrowers directly with investors, enabling potentially lower interest rates for consumers with decent credit. While Oportun caters primarily to those with limited credit history through secured installment loans, LendingClub's diversified offerings and established brand in the lending industry provide it with a competitive advantage among consumers seeking various credit options.