OppZo, 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.
OppZo 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. OppZo funds SMBs through its investors and balance sheet partners, which offers a new transformative impact asset class to provide investors with a risk-adjusted return that has a positive and sustainable social and economic impact on the communities funded.
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