-66%

est. 2Y upside i

FinTechSeries A

Rank

#1048

Sector

Fintech

Est. Liquidity

~4Y

Data Quality

Data: Medium

Oper is a Series A fintech company with a moderate competitive moat and medium incumbent threat, operating in a large, untapped European digital mortgage market.

Last updated: March 10, 2026

Bull (20%)+350%

Oper leverages its AI-powered platform and recent 'Best Digital Mortgage Platform' award to rapidly expand across Europe, securing major bank partnerships in France and Germany. Revenue scales to $40M ARR by 2028, justifying a $247.5M valuation at ~6x revenue as a clear market leader.

Base (50%)+75%

Oper continues steady growth within its core European markets, securing additional mid-sized bank clients. Revenue reaches $14M ARR by 2028, leading to an acquisition or next funding round at a $96.25M valuation, reflecting solid execution amidst moderate competition.

Bear (30%)-75%

Increased competition from incumbents and well-funded rivals, coupled with slow bank adoption, stifles Oper's growth. Revenue stagnates around $10M ARR, resulting in a down round or acquisition at $13.75M, significantly impacting common stock value due to liquidation preferences.

Est. time to liquidity~4.0 years

Preference Stack Risk

high

Funding Intensity

27%

Investors hold $15M in liquidation preferences. In an exit at or below $15M, common shareholders would receive nothing. If the company exits at $55M, preferred shareholders receive their $15M, leaving $40M for common shareholders.

Dilution Risk

high

As a Series A company, Oper is likely to pursue additional funding rounds (Series B, C, etc.) in the next 2-4 years, which will result in further dilution for existing common shareholders.

Secondary Liquidity

none

For a Series A company of this size, there is typically no active secondary market for common stock or options, limiting early liquidity opportunities.

Other — 1 role

View all 1 open roles at Oper →

Last updated: February 22, 2026

Questions to Ask at the Interview

Strategic questions based on Oper's data — designed to show you've done your homework.

  • 1

    “Given the acquisitions of competitors like Cloudvirga and Acre by larger entities, how does Oper plan to navigate the competitive landscape and differentiate its offering to either become a leading independent player or an attractive acquisition target?”

  • 2

    “With current revenue at ~$8M and a $55M valuation, what are the key milestones and growth metrics Oper aims to achieve in the next 12-24 months to justify its current valuation and prepare for future funding rounds?”

  • 3

    “Considering the Series A funding and the preference stack, what is the company's philosophy on employee equity, and what are the anticipated timelines or mechanisms for potential liquidity events for common shareholders?”

Community

Valuation Sentiment

Our model estimates -66% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.