# Open Lending

Open Lending is an Asset Manager based in Austin, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Austin, United States
- **Region:** North America
- **Address:** Austin, TX, United States
- **Founded:** 2000
- **Assets under management:** Undisclosed
- **Website:** openlending.com
- **LinkedIn:** https://www.linkedin.com/company/open-lending-inc

## Regulatory record

- **Reports private funds:** No

## About

Open Lending provides automated lending services to auto lenders. Open Lending specializes in loan analytics, risk-based pricing, and risk modeling.

## Sectors

- FinTech
- Financial Services

## People

- Jessica Buss — Chief Executive Officer
- Michelle Glasl — Chief Operating Officer
- Anthony Capizzano — Chief Growth Officer
- Massimo Monaco — Chief Financial Officer
- Matt Sather — Chief Underwriting Officer
- Laura Moser — Chief Accounting Officer
- Ben Massey — General Counsel and Corporate Secretary

## Questions

### Who runs investment decisions at Open Lending?

Open Lending is not an asset manager or family office allocating third-party capital. Product and underwriting strategy sits with Chief Underwriting Officer Matt Sather, who oversees the risk models and insurance relationships that drive the Lenders Protection platform. CEO Jessica Buss and the executive team set firm-wide capital-allocation priorities from their Austin headquarters.

### How does Open Lending source its deal flow?

The firm does not source deals in a private-markets sense. It integrates directly into financial institutions' loan-origination systems via API and partners with credit unions, banks, captives, and automotive retailers. Lenders submit applications; Open Lending's analytics return a risk-based price and attach default insurance from an A-rated carrier panel within seconds.

### Does Open Lending participate in fund commitments or only direct deals?

Neither. Open Lending sells a software-and-insurance bundle to auto lenders. It does not make equity investments, co-investments, fund commitments, or hold auto paper on its own balance sheet. Its 'deployment' figure — $24.3bn — represents cumulative insured loan volume across client institutions, not invested assets.

### How is Open Lending related to insurers like Securian Financial Group?

Open Lending is an intermediary, not an insurer itself. It partners with multiple AM Best A-rated insurance carriers, including Securian Financial Group (announced July 2024) and earlier undisclosed carriers, to provide the default protection behind its Lenders Protection product. These carriers assume the credit risk; Open Lending provides the analytics, origination integration, and policy administration.

### What investment stages or sectors does Open Lending target?

Open Lending operates exclusively in US auto lending. Through its Lenders Protection product it covers near-prime, non-prime, and — since the March 2023 program extension — vehicles as old as model-year 2012. The 2025 launch of ApexOne Auto extends coverage to prime and super-prime borrowers, but all activity remains confined to auto finance, not diversified private investing.

### What is Open Lending's known posture on co-investments alongside external partners?

Open Lending does not co-invest. Its 'partnerships' — with Point Predictive, Akur8, Automatic, CreditSnap, and others — are commercial integrations that feed data or functionality into the Lenders Protection platform, not equity co-investments or joint ventures.

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Last updated: 2026-06-03T20:00:00.000Z

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