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

Jun 30, 2022•about 3 years ago

Amount Raised

$260 Million

Miami

Description

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 Information

Company

Opp Zo

Location

Miami, Florida, United States

About

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.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech