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FinTech Firm OppLoans Ranks on the Inc. 5000 List for Third Consecutive Year

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FinTech Firm OppLoans Ranks on the Inc. 5000 List for Third Consecutive Year

Socially responsible online lender is the 340th fastest-growing company in the country

PR Newswire

CHICAGO, Aug. 15, 2018 /PRNewswire/ -- OppLoans, the nation's leading online lender, is No. 340 on the 37th annual Inc. 5000, the most prestigious ranking of the nation's fastest-growing private companies. In addition to the honor of the placement, OppLoans has the additional distinction of appearing for the third year in a row: a mere one in four companies listed have appeared three times.

"Chicago loves a three-peat—and we're thrilled to be able to deliver!" said OppLoans CEO, Jared Kaplan. "It's difficult to achieve the type of growth that will earn a company an Inc. 500 spot, and to do it three years in a row is a spectacular distinction. But what's more important – and what we're even prouder of – is that during this period of incredible expansion, we've maintained best-in-class products and service for our customers. That's our mission, and the thousands of five-star reviews we've received are proof that we're succeeding."

In the past three years, OppLoans has experienced a growth rate of 1,464.6 percent.

It's been a year of accolades for the FinTech firm: In 2018, Jared Kaplan was ranked the eighth highest-rated CEO on the Top CEO list by Glassdoor and named a finalist for EY Entrepreneur of the Year. OppLoans was also named a 2018 "Best Workplace" by Inc. Magazine and America's sixth best place to work by Glassdoor. OppLoans holds an "A+" rating from the Better Business Bureau, an average customer rating of 4.9/5 stars on Google and a 95-percent approval rate on LendingTree. The firm strives to evolve its customers out of the subprime space by reporting on-time payments to all three credit bureaus and providing free, standards-based financial education tools.

Not only have the companies on the 2018 Inc. 5000 (which are listed online at Inc.com, with the top 500 companies featured in the September issue of Inc., available on newsstands August 15) been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists. The 2018 Inc. 5000 achieved an astounding three-year average growth of 538.2 percent, and a median rate of 171.8 percent. The Inc. 5000's aggregate revenue was $206.1 billion in 2017, accounting for 664,095 jobs over the past three years.

Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.

"If your company is on the Inc. 5000, it's unparalleled recognition of your years of hard work and sacrifice," says Inc. editor in chief James Ledbetter. "The lines of business may come and go, or come and stay. What doesn't change is the way entrepreneurs create and accelerate the forces that shape our lives."

Methodology

The 2018 Inc. 5000 is ranked according to percentage revenue growth when comparing 2014 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2014. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2017. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2014 is $100,000; the minimum for 2017 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.

OppLoans is one of the highest-rated online lenders and service providers in the industry. With fast funding, significantly lower rates, total transparency, and unmatched customer service, OppLoans provides non-prime borrowers a reliable alternative to payday lending.

For more information regarding OppLoans, please visit the OppLoans website at OppLoans.com or call John O'Reilly at (312) 212-8079 extension 818.

This press release was issued through 24-7PressRelease.com. For further information, visit http://www.24-7pressrelease.com.

 

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