ANV Group to acquire Open Lending in $372 million all-cash deal
Summary
ANV Group has agreed to buy Open Lending in a $372 million all-cash tender offer. The deal values Open Lending at a large premium and is expected to close in the third quarter of 2026, pending regulatory approval. Open Lending provides loan analytics, risk pricing, risk modeling, and default insurance for auto lenders, which makes the company relevant to insurtech and fintech readers. ANV wants to scale the platform across credit unions and banks and extend its insurance-backed credit strategy. The transaction also reflects rising stress in U.S. auto lending and growing demand for default-risk protection.
Classifications
industries
Fintech & Banking
applications
Data Management
AskAI Classifications
Labels
Financial Technology
SaaS
Data Analytics Software
Linked Companies
Nasdaq, Inc.
$5M to $10M
Open Lending
$10M to $25M