General Loan – Questions and Answers

How can I apply for a loan?

You can apply for a loan either by visiting one of our many retail locations across 6 states or by calling 1 (888) 967-2467. One of our agents will be happy to guide you through the process in-person or over the phone. Depending on where you live, you may be also able to use our new online loan application, which is currently in testing, and is accessible from desktop, tablet, or mobile.

How much can I apply to borrow?

We offer unsecured installment loans that range from $300 to $7,000. The maximum amount you can borrow depends on several factors, including your income, existing debts and past payment history.

How fast is the application process?

The application process typically takes 10 to 15 minutes to complete. If we have all the correct documentation, a decision can be made the same day of application.

How much will I have to pay for my loan payments?

Payment amounts are based upon the loan size, interest rate, fees and term of the loan. We schedule payments to match your pay period (usually every other week or two times a month) and calculate a payment amount we think you can afford based upon your income and debts/expenses. You also have the ability to change the loan amount and/or term, within certain parameters, before the loan is disbursed if you’d like to have a lower payment. Payments are made in fixed installments which means they don’t change over the life of the loan (except the last payment, which may be larger or smaller depending upon whether you made your payments on time).

How long will I have to repay my loan?

The term of the loan depends primarily on loan size, interest rate, fees and how much we think you can afford for a monthly payment. Our loan terms range from 6 to 35 months with the smaller loans generally having shorter terms and the larger loans having longer terms.

What documents do I need to bring in order to apply for a loan?

You will need to provide three pieces of information:

1. Government-issued color picture ID: from the US or another country (driver’s license, passport, consular ID).

2. Proof of income: pay stubs of the last 30 days or bank statements for the last 60 days.

3. Proof of address in California, Illinois, Nevada, Texas, Utah or Arizona: mobile phone, electricity, water or cable bills, etc.

All documents must be original and not expired. If you are paid weekly, bi-weekly or semi-monthly your paystub or check must be less than three weeks old. If you are paid monthly, your paystub or check must be less than five weeks old. If you are using bank statements as proof of income, then you must provide the two most recent statements. Proof of residence must be less than 60 days old.

How can I build my credit with Oportun?

We currently report accounts to Experian and TransUnion, two of the three major credit reporting agencies. It will be reflected positively in your credit report if you make payments on or before your due date and repay your loan in full. Generally it takes at least 6 months of positive payment reporting to create a credit score, although this may vary by credit reporting agency and score.

How will my loan with Oportun be reported to the credit reporting agencies?

We report accounts, including timely payments, incidents of delinquency, and the payoff of a loan, to Experian and TransUnion, two of the three major credit reporting agencies, every month.

How do I know that the documents I have submitted are being processed?

Currently, you must visit a retail location to submit the required documentation (proofs of identity, income and residence). In your presence, the agent will scan your original documents and submit then for review along with the rest of your loan application. You will be notified by one of our agents regarding the approval status of your loan shortly following the submission of your application.

What is the status of my loan application?

You can be assured our experienced and knowledgeable agents are processing your application as quickly as possible. Should you have specific inquiries, you can visit one of our many locations or speak to an agent over the phone at 1 (866) 488-6090. One of our agents will be happy to assist you.

Where can I pick up my loan funds?

You can pick up your loan, either in the form of a check or our prepaid debit card, at one of our many retail locations across 6 states. If you choose to, you can pick up your loan at a different Oportun location than the one you visited to apply for the loan. An agent will notify you when your loan is available and will work with you to identify the most convenient location.

What documents should I bring when I pick up my loan?

You should bring the same proof of identity document you used to complete the loan application.

Can I change the amount that I am borrowing?

Yes, you can borrow an amount up to the one for which you’ve been approved. You can change the amount you are borrowing from the time you are notified of your approval up until you pick up your loan from our retail location.

Can someone else make a loan payment for me?

Yes. However the privacy laws limit what information we can share about the loan. Therefore if you’d like someone to make a payment on your behalf, please either provide us authorization to transact with that person on your loan, or make sure they have the following information in order to make a payment: the name and telephone number on the loan and the payment amount you would like to make.

Can I apply for a loan from Oportun if I live outside of California, Illinois, Nevada, Texas, Utah and Arizona?

Not at this time. However, we are expanding rapidly. Check our locations frequently to see if we have entered your state of residence.

I am not Hispanic, can I still apply for a loan?

Yes, you can apply for a loan by calling 1 (888) 967-2467 or visiting one of our many locations.

Who can I contact if I have questions about my loan?

For questions regarding your loan, please see call 1 (866) 488-6090 or visit a location near you.

Oportun, formerly known as Progreso Financiero – Questions and Answers

Was Oportun called Progreso Financiero before?

Yes, Oportun was formerly known as Progreso Financiero. The new name is a short and memorable word that better reflects what our customers have stated we do – we help create opportunities through the responsible, affordable loans we provide. Oportun is based on the word Oportunidad, the Spanish word for Opportunity.

What happens to the loan that I had with Progreso Financiero now that the company is called Oportun?

Your loan will remain the same. Only the name is changing. Your existing loan documents will continue to be valid.

Mobile Application – Questions and Answers

How can I upload/submit my documents when making a mobile loan application?

If you have applied on your mobile, tablet or PC you can email your documents to: documents@progressfin.com, or bring them to any our many retail locations across 6 states.

Emailing details: Shortly after creating your loan application you should have received an email that listed the specific documents you need to submit. Locate that email (hint: you can search for an email from “progressfin.com”).

Photograph the front and back of all the documents listed in the email you received and email them to
documents@progressfin.com
. There is no need to add any identifying information, our systems manage the process. You will receive an email confirming that documents have been received.

We will contact you regarding missing, illegible or outdated documents.

In-store submission details: Go to one of our locations and bring in the documents listed in the email you received. Be sure that they are current or you may be asked to come back with current documents. Click here to find a location near to you.

Management Team

One of Oportun’s key strengths is the diversity of its management team, which represents the brightest from the financial services, retail, technology and community development sectors.

Raul Vazquez, Chief Executive Officer

Raul Vazquez

Raul Vazquez has served as Chief Executive Officer and as a member of Oportun’s board of directors since April 2012. Prior to joining Oportun, Mr. Vazquez served as an Executive Vice President of Global e-Commerce at Wal-Mart Stores Inc., a retail company, from February 2011 to August 2011. Mr. Vazquez also served as Executive Vice President and President of Wal-Mart West at Wal-Mart Stores Inc. from February 2010 to February 2011. He served as Chief Executive Officer of Walmart.com from February 2007 to February 2010. He joined Walmart.com in 2002. He currently serves on the board of directors of Intuit and previously served on the board of Staples, Inc. In September 2015, Mr. Vazquez was named to the Federal Reserve Board’s Community Advisory Council. Mr. Vazquez received a B.S. and M.S. in Industrial Engineering from Stanford University and an M.B.A. from the Wharton Business School at the University of Pennsylvania.

Jonathan Coblentz, CFO and Chief Administrative Officer

Jonathan Coblentz

Jonathan Coblentz has served as Oportun’s Chief Financial Officer since July 2009. Prior to joining Oportun, Mr. Coblentz served as Chief Financial Officer and Treasurer of MRU Holdings, Inc., a publicly-traded student loan finance company, from April 2007 to February 2009. Prior to joining MRU Holdings, Mr. Coblentz was a Vice President at Fortress Investment Group, LLC, a global investment management company. Prior to his time at Fortress, Mr. Coblentz spent over seven years at Goldman, Sachs & Co. Prior to Goldman Sachs, Mr. Coblentz began his career at Credit Suisse First Boston, an investment bank, where he worked for nearly five years. Mr. Coblentz received a B.S., summa cum laude, in Applied Mathematics with a concentration in Economics from Yale University.

Scott Harvey, Chief Legal Officer and Corporate Secretary

Scott Harvey

Scott Harvey has served as Oportun’s Chief Legal Officer and Corporate Secretary since August 2012. Prior to joining Oportun, he was Co-Founder of Hercules Technology Growth Capital, Inc., a business development and investment company, and served as its Secretary and Chief Legal Officer from December 2003, and also as its Chief Compliance Officer from February 2005, to August 2012. Prior to co-founding Hercules Technology, Mr. Harvey worked in a diversified private law practice and held several leadership positions at Comdisco, Inc., a leading technology and financial services company, from 1983 to July 2002, including as its Deputy General Counsel, Vice President of Marketing, Administration and Alliances and Corporate Counsel. Mr. Harvey received a B.S. in Agricultural Economics from the University of Missouri, a J.D. and L.L.M. in taxation from The John Marshall Law School and an M.B.A. from the Illinois Institute of Technology.

Patrick Kirscht, Vice President, Risk Management and Chief Credit Officer

Patrick Kirscht

Patrick Kirscht has served as Oportun’s Vice President, Risk Management and Chief Risk Officer since January 2008. Prior to joining Oportun, Mr. Kirscht was Senior Vice President of Risk Management for HSBC Card Services, Inc., the consumer credit card segment of the larger HSBC Holdings, from 2007 to 2008. Mr. Kirscht joined HSBC Card Services in 2005 as part of HSBC’s acquisition of Metris Companies Inc., a start-up mono-line credit card company. Mr. Kirscht joined Metris Companies, a direct marketing company, in 1995, where he served as Vice President of Planning and Analysis until he moved to Risk Management in 2004. Mr. Kirscht received a B.S. in Economics with a minor in Statistics, a B.S. in Business and an M.B.A. from the University of
Minnesota.

David Needham, Vice President, Technology

David Needham

David Needham has served as Oportun’s Vice President, Technology since March 2014, and joined as our Vice President, Engineering in October 2012. Prior to joining Oportun, Mr. Needham was a Vice President at @WalmartLabs, Wal-Mart Store Inc.’s Silicon Valley technology innovation lab, from October 2011 to September 2012. Mr. Needham was also Vice President, Product Development at Samsclub.com, an online retail company, from May 2011 to October 2011, and Senior Director, Product Management for Walmart.com, an online retail company, from January 2010 to May 2011. Earlier in Mr. Needham’s career, he held various technical product management roles at Sycle.net, Tradami and UPS-Supply Chain Solutions, where he focused on the development of Software as a Service based business solutions. Mr. Needham received a B.S. in Business from the University of San Francisco.

John Foxgrover, Vice President, Capital Markets and Treasury

John Foxgrover

John Foxgrover has served as Oportun’s Vice President, Capital Markets and Treasury since February 2011. Prior to joining Oportun, Mr. Foxgrover was Senior Vice President of Capital Markets for The First Marblehead Corporation, a provider of private student loans for financial and educational institutions from November 2005 to May 2008. Prior to First Marblehead, Mr. Foxgrover spent seven years at Wachovia Securities, a retail brokerage and institutional capital markets and investment banking subsidiary of Wachovia Corporation, where he was a structured finance banker. Previously, Mr. Foxgrover spent ten years at Banc of America Securities, an investment banking subsidiary of Bank of America. Mr. Foxgrover received a B.S.E. from the University of Virginia, an M.B.A. from the Wharton Business School at the University of Pennsylvania and an M.S.E. from Princeton University.

Sue Korn, CFA, Vice President of Finance and FP&A

Sue Korn

Sue Korn has served as VP of Finance and FP&A since June 2016. From 2014 through June of 2016, she was co-founder, CFO and head of operations at Vouch Financial, a startup lender to the underserved. She was VP Finance and head of back office operations at Prosper Marketplace from 2011 through 2014. She ran financial planning and analysis for Bank of the West from 2010 through 2011. She worked at Providian Financial Corporation (acquired by Washington Mutual Bank in 2005) from 1998 through 2009 where she oversaw financial planning and analysis, worked on portfolio acquisitions and credit risk forecasting, provided regulatory and management reporting and built the financial data infrastructure for Finance and Accounting. She started her career at Kidder Peabody & Co., Inc. in equity research with responsibility for diversified financial services companies, and worked for a year in the financial institutions investment banking group at Salomon Smith Barney.

Ms. Korn obtained a Masters of Business Administration with emphasis on finance, strategy and organizational behavior from Kellogg Graduate School of Management, Northwestern University in Evanston, Illinois. She obtained a Bachelor of Arts in philosophy/mathematics from Colby College in Waterville, Maine.

Joan Aristei, Vice President, Compliance & Enterprise Risk

Joan Aristei

Joan Aristei has served as Oportun’s Vice President, Compliance & Enterprise Risk since May 2014. Prior to joining Oportun, Ms. Aristei was a Director at Citi Private Bank from October 2010 to May 2014, where she served as head of Banking and Lending Product Compliance. Ms. Aristei was also previously Assistant General Counsel and Chief Compliance Officer for JP Morgan Chase & Company, in its auto finance and student lending division, where she led the establishment of a compliance framework for JP Morgan’s auto finance business after its merger with Bank One. Ms. Aristei received a B.A. in Chemistry and in French Literature from the University of California, San Diego, an M.B.A. from the UCLA Anderson School of Management and a J.D. from Loyola Law School.

Nicholas LeCuyer, SVP, Retail, Marketing and Product Management

Nicholas LeCuyer

Nicholas LeCuyer has served as Oportun’s Vice President, Product Management since June 2014. Prior to joining Oportun, Mr. LeCuyer served as Vice President, Strategy and Partnerships for The Western Union Company, a financial services company, from January 2011 to June 2014, and as its Vice President, Head of Corporate Strategy from August 2008 to January 2011. Mr. LeCuyer previously also served as an Associate Principal at McKinsey & Company, Inc., a management consulting company, and as a Captain in the U.S. Army. Mr. LeCuyer received a B.S.E. in Civil Engineering from Princeton University and an M.B.A. from the University of Michigan Stephen M. Ross School of Business.

Ezra Garrett, Vice President, Government & Community Relations

Ezra Garrett

Ezra Garrett Ezra Garrett has served as our Vice President, Government & Community Relations since August 2015. Prior to joining Oportun, Mr. Garrett served as Vice President of Community Relations and Chief Sustainability Officer at Pacific Gas and Electric Company, or PG&E. Mr. Garrett’s experience includes leadership roles in Government Relations and Corporate Affairs at PG&E, where he worked for a total of 13 years, from 2000 to 2005 and again from 2007 to August 2015, including serving as the Executive Director of the PG&E Corporation Foundation from December 2010 to August 2015. From 2005 to 2007, Mr. Garrett was a Senior Community Relations Specialist at Target Corporation. Mr. Garrett has served on the boards of directors of Leadership San Francisco since 2010, the Latino Community Foundation since 2013, and the Association of Corporate Contributions Professionals since 2014. Mr. Garrett received a B.A. in Political Science from the University of California, Berkeley with an emphasis in International Relations.

Matthew Jenkins, Chief Operations Officer

Matt Jenkins

Matt Jenkins joined Oportun in 2016 and serves as Chief Operations Officer. Mr. Jenkins comes to Oportun from Citi, where he worked for 17 years.  During his career at Citi, Mr. Jenkins held a number of leadership roles within consumer operations, most recently Managing Director and Head of Global Consumer Operations Functions.   In that role, Mr. Jenkins led a team responsible for executing global strategy and achieving consistently high levels of service delivery within global operations including contact centers, collections, credit and fraud operations. During his time at Citi, Mr. Jenkins helped build a workforce management and operations team that was responsible for planning and providing services to more than 100 million customers and 50,000 agents in service, collections, fraud and in the back office.  Most recently, Mr. Jenkins was leading an effort to reengineer the customer interaction model to drive gains in efficiency and customer experience through automation, digitization, and optimization of the customer processes. Mr. Jenkins received a B.A. in Economics, magna cum laude, from the University of Texas at Austin.

Board of Directors

The Honorable Aida M. Alvarez

The Honorable Aida M. Alvarez has served as a member of Oportun’s board of directors since August 2011. In addition to serving on our board of directors, Ms. Alvarez has served as member of the board of directors of Wal-Mart Stores, Inc. since 2006 and Zoosk, Inc., an online social media company, since February 2014. Ms. Alvarez is the former Administrator of the U.S. Small Business Administration and was a member of President Clinton’s Cabinet from 1997 to 2001. From 1993 to 1997, Ms. Alvarez was the founding director of the Office of Federal Housing Enterprise Oversight. Prior to 1993, she was a vice president in public finance at First Boston Corporation, an investment bank, and Bear Stearns & Co., Inc., an investment bank. She also previously served on the board of directors of PacifiCare Health Systems, Union Bank, N.A. and UnionBanCal Corporation. Ms. Alvarez received a B.A. in English literature from Harvard College, as well as honorary doctorates from Bethany College, Iona College, Mercy College and the Inter-American University of Puerto Rico. Ms. Alvarez was elected to serve on the Harvard Board of Overseers. We believe Ms. Alvarez’s extensive experience in government and public service, investment banking and finance, and her knowledge of our company enables her to make valuable contributions to our board of directors.

Carl Pascarella, Executive Advisor, TPG Capital

Carl Pascarella has served as a member of Oportun’s board of directors since March 2010. Mr. Pascarella is an Executive Advisor at TPG Capital, a leading global private equity firm, and has served in that capacity since August 2005. Mr. Pascarella joined TPG after retiring in 2005 from Visa U.S.A., Inc., a financial services company, where he served as the President and Chief Executive Officer for 12 years. Mr. Pascarella also served as President and CEO of Visa International’s Asia-Pacific Region and Director of the Asia-Pacific Regional Board. Prior to joining Visa International, Mr. Pascarella held positions as Vice President of the International Division of Crocker National Bank and Vice President, Metropolitan Banking, at Bankers Trust Company. Mr. Pascarella received a M.S. in Management from the Stanford Sloan Program at the Graduate School of Business at Stanford University. We believe Mr. Pascarella’s leadership background as well as his extensive management experience in our industry enable him to make valuable contributions to our company and our board of directors.

Thomas Patterson, Madrone Capital Partners

Thomas Patterson has served as a member of Oportun’s board of directors since November 2009. Mr. Patterson is a General Partner at Madrone Capital Partners, an investment firm, and has served in that capacity since May 2005. Prior to joining Madrone, Mr. Patterson was at Weston Presidio, a private equity firm focused on growth equity and leveraged buyout transactions, from 1995 until 2004. Prior to Weston Presidio, Mr. Patterson worked for four years at McKinsey and focused on the financial services and building materials industries. Mr. Patterson received an A.B., with honors, from Harvard College and an M.B.A. from Harvard Business School. We believe that Mr. Patterson’s management, industry and financial expertise enables him to make valuable contributions to our company and our board of directors.

Dave Strohm, Greylock Partners

David Strohm has served as a member of our board of directors since February 2007. Mr. Strohm has been affiliated with Greylock Partners, a venture capital firm, since 1980, where he has served as a Partner since January 2001, and previously served as a General Partner from 1983 to 2001. Mr. Strohm currently serves as a director of several private companies. Mr. Strohm was previously also a director of DoubleClick, Inc. from 1997 to 2005, Internet Security Systems, Inc. from 1996 to 2006, SuccessFactors, Inc. from 2001 to 2010, EMC Corporation from 2003 to October 2015 and VMware, Inc. from 2007 to October 2015. Mr. Strohm received a B.A. from Dartmouth College and an M.B.A. from Harvard Business School. We believe that Mr. Strohm’s extensive experience as an investment professional in our industry and as a director of various companies, many of which are publicly traded, enables him to make valuable contributions to our company and our board of directors.

Jules Maltz, General Partner, Institutional Venture Partners

Jules Maltz has served as a member of Oportun’s board of directors since August 2013. Mr. Maltz is a General Partner at Institutional Venture Partners, or IVP, where he has worked since August 2008. At IVP, Mr. Maltz focuses on later-stage venture investments in rapidly growing internet and software companies. Mr. Maltz currently serves on the board of directors of Indiegogo, NerdWallet, RetailMeNot, TuneIn, and Yext. Mr. Maltz received a B.A., magna cum laude, in Economics from
Yale University and an M.B.A. from Stanford University. We believe Mr. Maltz’s experience as an investor and board member in rapidly growing internet and software companies enables him to make valuable contributions to our board of directors.

Louis Miramontes, KPMG LLP (Retired Partner)

Louis P. Miramontes has served as a member of Oportun’s board of directors since October 2014. Mr. Miramontes is a CPA and financial executive. He was a senior partner at KPMG LLP, a public accounting firm, from 1986 to September 2014, where he served in leadership functions, including Managing Partner of the KPMG San Francisco office and Senior Partner KPMG’s Latin American Region. Mr. Miramontes was also an audit partner directly involved with providing audit services to public and private companies, which included working with client boards of directors and audit committees regarding financial reporting, auditing matters, SEC compliance and Sarbanes-Oxley regulations. Mr. Miramontes received a B.S. in Business Administration from California State University, East Bay, and he is a Certified Public Accountant in the State of California. We believe Mr. Miramontes is qualified to serve on our board of directors due to his professional experience and deep audit and financial reporting expertise.

Jo Ann Barefoot, CEO Barefoot Innovation Group

Jo Ann Barefoot joined the Oportun Board of Directors in October 2016. Ms. Barefoot is a Senior Fellow at the John F. Kennedy School of Government’s Mossovar-Rahmani Center for Business & Government at Harvard University, and the CEO of Barefoot Innovation Group. In this role, she regularly writes, speaks, and advises on the intersection of financial technology and regulation to facilitate new solutions for consumers. Ms. Barefoot also serves as a consultant to a number of consumer finance companies, and invests and advises fintech startups. She served for three years on the Consumer Advisory Board of the Consumer Financial Protection Bureau (CFPB), and currently sits on the boards of the Center for Financial Services Innovation (CFSI) and the National Foundation for Credit Counseling (NFCC). She also hosts the podcast show Barefoot Innovation and is co-founder of the RegTech firm, Hummingbird Fintech. Earlier, Ms. Barefoot was the first female Deputy Comptroller of the Currency and led the creation of that agency’s original consumer protection unit. She has also served on the staff of the U.S. Senate Committee on Banking, Housing and Urban Affairs; as Co-Chair of the consulting firm Treliant Risk Advisors, as a Partner and Managing Director at KPMG Consulting; and as Director of Mortgage Finance for the National Association of Realtors.

Raul Vazquez, CEO, Oportun

Raul Vazquez has served as Chief Executive Officer and as a member of Oportun’s board of directors since April 2012. Prior to joining Oportun, Mr. Vazquez served as an Executive Vice President of Global e-Commerce at Wal-Mart Stores Inc., a retail company, from February 2011 to August 2011. Mr. Vazquez also served as Executive Vice President and President of Wal-Mart West at Wal-Mart Stores Inc. from February 2010 to February 2011. He served as Chief Executive Officer of Walmart.com from February 2007 to February 2010. He joined Walmart.com in 2002. Mr. Vazquez has served as member of the board of directors of Staples, Inc. since 2013. Mr. Vazquez received a B.S. and M.S. in Industrial Engineering from Stanford University and an M.B.A. from the Wharton Business School at the University of Pennsylvania.

Investors

Oportun has raised over $265 million of equity capital from leading venture capital funds, angel investors, and its employees. This capital has allowed Oportun to build its business, pursue its mission, and serve its customers. Some of our leading investors are listed below.

The Catalyst Fund of CFSI

The Center for Financial Services Innovation develops and distributes real-world tested research and strategy, provides funding to promising companies, and facilitates cross-sector business collaboration. They work with banks, credit unions, technology vendors, alternative service providers, consumer advocates and policy makers to forge the pioneering relationships, products and strategies that will transform industry practice and the lives of underbanked consumers across the economic, geographic and cultural spectrum.


Charles River Ventures

Founded in 1970, Charles River Ventures is one of the nation’s oldest and most successful early-stage venture capital firms with approximately $2.1 billion under management. CRV is dedicated to helping exceptional entrepreneurs turn their ideas into the next category leaders in high growth technology and media sectors. Over the past 10 years, CRV funds have been ranked among the industry’s top performers. CRV has offices in Boston, MA and Menlo Park, CA. For more information visit www.crv.com.


Core Innovation Capital

Core Innovation Capital is the only venture capital fund that invests exclusively in financial technology companies serving America’s emerging middle class. Its target segment consists of more than 70 million consumers, who generate over $1 trillion in annual income and spend more than $78 billion in fees and interest on financial services per year. The fund partners with proven entrepreneurs who seek above-market-rate returns and share its vision to improve the lives of low- to moderate-income Americans. For more information about Core Innovation Capital, visit www.corevc.com.


DAG Ventures

DAG Ventures leads mid-stage and growth financing rounds into promising portfolio companies of select, proven early-stage VC partnerships. Aside from our highly focused investment model, we believe in differentiation through service. Our firm is built to deliver consistent, expeditious and superior service to our most important constituencies: our LPs, portfolio companies and select early-stage VC partnerships. DAG Ventures was spun-off in 2004 from Duff Ackerman & Goodrich, a private equity investment firm focused on investments in the communications and media industries. Today, with support from a diverse, global set of LPs, DAG Ventures manages $1.8 billion across a portfolio of over 160 companies in a wide array of technology sectors.


Glynn Capital Management

Glynn Capital Management is a technology investment firm focused on investing in leading public and private technology growth companies.


Greylock Partners

Founded in 1965, Greylock Partners is one of the world’s leading venture capital firms. Over the past 43 years, Greylock has funded and helped build several hundred successful companies. The Greylock approach uniquely puts the entrepreneur first, with Greylock working as an “invited guest” in a highly supportive yet consultative way to help entrepreneurs build market-leading companies. Companies Greylock has funded include Ascend Communications, CheckFree, Continental Cable, Data Domain, Decru, DoubleClick, Internet Security Systems, Ikanos, Legato, Millennium Pharmaceuticals, Openwave, Red Hat, RightNow Technologies, Tellabs, Trilogy and Wily Technology. Greylock’s offices are located in Silicon Valley, the Boston area and Israel. For more information, please visit www.greylock.com.


Institutional Venture Partners

With $4 billion of committed capital, Institutional Venture Partners (IVP) is one of the premier later-stage venture capital and growth equity firms in the United States. Founded in 1980, IVP has invested in over 300 companies, 98 of which have gone public. IVP is one of the top-performing firms in the industry and has a 33-year IRR of 43.2%. IVP specializes in venture growth investments, industry rollups, founder liquidity transactions, and select public market investments. Since its inception, IVP investments include such notable companies as AppDynamics, ArcSight (HPQ), Buddy Media (CRM), ComScore (SCOR), Concur Technologies (CNQR), Dropbox, Fleetmatics (FLTX), HomeAway (AWAY), Juniper Networks (JNPR), Kayak (PCLN), LegalZoom, LifeLock (LOCK), Marketo (MKTO), MySQL (ORCL), Netflix (NFLX), ngmoco (DeNA), Polycom (PLCM), Pure Storage, RetailMeNot (SALE), Seagate (STX), Shazam, Snapchat, Supercell, Synchronoss (SNCR), Tivo (TIVO), Twitter (TWTR), and Zynga (ZNGA). For more information, visit http://ivp.com or follow IVP on Twitter: @ivp.


Madrone Capital Partners


What it means to be a CDFI

Oportun, formerly Progreso Financiero, is a Community Development Financial Institution

Oportun, formerly Progreso, was certified by the U.S. Treasury Department in 2009 as a Community Development Financial Institution (CDFI).

  • Community Development Financial Institutions – or CDFIs – are mission-driven financial institutions that are dedicated to providing financial services to meet the needs of economically disadvantaged individuals within underserved communities.
  • CDFIs invest in local communities and the residents who live there by providing critically needed financing often unavailable from mainstream financial institutions.
  • CDFIs are certified by the U.S. Department of the Treasury’s Community Development Financial Institutions Fund – known as the CDFI Fund. In order to become a certified CDFI, the financial institution must: have a primary mission of promoting community development; provide financial products and services; serve one or more defined low-income target markets; maintain accountability to the community it serves; and be a legal non-governmental entity.
  • All CDFIs share a common mission of serving low-income communities. CDFIs are commonly loan funds, credit unions, community banks, or venture capital funds.
  • Certified CDFIs are part of a national network promoting economic growth in America’s underserved communities by financing businesses, creating jobs, and rebuilding neighborhoods.
  • As a CDFI, Oportun puts the community first and values local economic growth.