OppZo, Inc., a Miami, FL-based mission driven financial technology company focused on easing access to capital for small and medium sized businesses, raised 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.
The funding from Arcadia Funds will enable OppZo to continue connecting small businesses to public and private capital sources.
Led by Warren Reed, Co-Founder & CEO, and Randy Garrett, Co-Founder & President, 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 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.
FinSMEs
30/06/2022