Open Lending Receives $40M Equity Investment from Bregal Sagemount

Open Lending, LLC, an Austin, Texas-based automated lending services provider, received a $40m minority equity investment from Bregal Sagemount.

As part of the deal, Bregal Sagemount executives Gene Yoon and Blair Greenberg will join Open Lending’s board.

The company intends to use the funds to accelerate further growth within the automated lending industry, and accelerate its expansion among financial institutions, credit unions, and regional banks.

Led by CEO John Flynn, Open Lending specializes in loan analytics, risk-based pricing, risk modeling and automated decision technology for automotive lenders throughout the United States to better evaluate near- and non-prime auto loans, thereby ensuring profitable portfolios.



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