AUSTIN, TEXAS – Open Lending has ranked 9th in the Over $10 Million Category in the Austin Business Journal's Fast 50 - Fastest Growing Companies in Central Texas Awards.
“It was an honor for Open Lending to be named one of Austin's fastest 50 growing companies for the 7th consecutive year," said John Flynn, President and CEO of Open Lending.
To be eligible for this list, companies must be headquartered in the Austin area with annual revenue of at least $500,000 in 2016. Information is supplied by each company via a nomination process. Select financial data is reviewed by the accounting firm of Maxwell Locke & Ritter.
Open Lending was originally established in 2001 as a data decisioning company. In the past
seven years, the company has grown consistently, being named one of the fastest growing
companies in central Texas for the past 7 years and is focused on continued expansion in the
ABOUT OPEN LENDING, LLC
Open Lending, LLC works exclusively with automotive lenders by providing loan analytics, risk-based pricing, risk modeling and automated decision technology. Based in Austin, Texas, the company serves more than 400 financial institutions nationwide. Through its proprietary
technology, the Lenders Protection Program, financial institutions leverage powerful tools and
customized analytics to underwrite direct and indirect loan approval decisions in seconds.
Lenders are empowered to increase near and non-prime automotive loan volumes and yields
with the protection of A-rated insurance carriers, preventing additional risk to their loan
portfolio. Founded in 2000, Lenders Protection, LLC, is a wholly owned subsidiary of Open