OPRT News & Events

Oportun Financial has appointed Doug Bland as CEO and a member of Oportun's Board of Directors, effective April 20. Bland currently serves on the boards of directors of WebBank, a national issuer of consumer and small business credit products, and Creditly, a fintech platform applying artificial intelligence to financial wellness. Concurrent with joining Oportun and its Board, Bland will step down from the board of WebBank. Bland previously spent nearly seven years in senior leadership roles at PayPal, most recently as SVP and General Manager of its Consumer Business. Before PayPal, he served as President & COO of Swift Financial. Bland co-led Swift Financial through its acquisition by PayPal in 2017. Earlier in his career, Bland spent more than a decade at Bank of America as SVP, Small Business Products & Risk.

Oportun Financial announced that Kate Layton and Gaurav Rana will assume interim leadership of the company through a joint office of the CEO, effective April 4, following the previously announced departure of Raul Vazquez as CEO and a member of Oportun's board of directors. Layton and Rana will continue in their current roles as chief legal officer and corporate secretary and general manager of lending, respectively, as they assume their new responsibilities while the board completes its search for a permanent CEO. Vazquez will serve as an advisor to the company until July 3 to ensure a transition. Kate Layton has served as chief legal officer and corporate secretary of Oportun since July 2023.

Sees Q1 adjusted EBITDA $25M-$30M.