The company plans to use its new capital toward its expansion plans, with “significant investments” in technology and product development. The company currently has 230 employees, more than 50% of whom work in tech and product. “When it comes to plans for the future, we can say that we want to give credit to people who have overdue accounts,” Pereira added. The company, he added, has a track record in underwriting personal loans and in raising debt funding to provide better credit alternatives to consumers. Our mission is to change that.” Open Co provides clients with access to credit and access to tools that are designed to improve their financial lives, not make them worse. Combining the results of its two predecessors, Open Co says it has helped consumers save more than $500 million in interest expenses over the years and has been increasingly establishing partnerships with merchants, retailers and service providers to be closer to its clients’ point of need when requesting credit.