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Oppzo Raises $260M In Funding To Drive Capital To Distressed Communities

Oppzo Raises $260M In Funding To Drive Capital To Distressed Communities

06/30/22, 11:00 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgmiami
Money raised
$260 million
OppZo, Inc. a mission driven financial technology company focused on unlocking access to capital for small and medium sized businesses, announces over $260M in debt and equity funding. The equity portion of the funding, worth $5M, was led by Arcadia Funds, LLC. The debt portion of the funding, worth $255M, was led by Arcadia Funds.

Company Info

Company
Opp Zo
Location
miami, florida, united states
Additional Info
The funding from Arcadia Funds will enable OppZo to continue connecting small businesses to public and private capital sources, so they can grow their business, ultimately creating jobs. "OppZo is solving the conundrum the financial services industry has long faced: how do we pursue impact without sacrificing a sustainable business model?" said Andrew Hallowell, Managing Director at Arcadia Funds, LLC. About OppZoOppZo is a financial technology company that makes affordable asset based working capital loans available to small to medium sized businesses (SMB) in Opportunity Zones, which are economically-distressed areas of the U.S. that investors can earn a tax benefit when they are invested in.