Opendoor Technologies Inc.

Opendoor Technologies operates a digital platform that facilitates residential real estate transactions across the United States. The company functions as both a home buyer and seller, purchasing properties directly from homeowners and subsequently reselling them to end buyers. This approach eliminates traditional intermediaries and allows homeowners to receive cash offers for their properties on an accelerated timeline.

The company offers multiple products designed for different transaction types. Its "Sell to Opendoor" product enables homeowners to sell directly to the platform, while "List with Opendoor" allows customers to list properties on the MLS while receiving cash offers from Opendoor. The "Opendoor Marketplace" connects home sellers with institutional and retail buyers. Beyond core residential buying and selling, Opendoor provides ancillary real estate services including brokerage, title insurance and settlement services, escrow services, and property and casualty insurance.

Based in Tempe, Arizona, the company operates with approximately 1,470 full-time employees and maintains a national presence across U.S. residential real estate markets. Opendoor is publicly traded on Nasdaq under the ticker OPENL. The company was incorporated in 2013 and previously operated under the name Social Capital Hedosophia Holdings Corp. II before rebranding in connection with its public listing.