News & Press

The story behind Jain Family Foods When Nimisha Jain couldn’t find a quick, convenient meal option that was also flavorful, nourishing, and culturally authentic, she built what she couldn’t find. In 2020, she launched Jain Family Foods from her kitchen in Woodbridge, CT — Indian-inspired lentil cooking kits made with thoughtfully sourced ingredients and bold spices. What began as a single hand-packaged product…

The story behind NCMPRBL When Houston-based small business owner Mario McCoy reached out to Accion Opportunity Fund (AOF) for business advising, his modern minimalist accessories brand, NCMPRBL, had survived both the pandemic and a personal health crisis. But survival wasn’t enough. Mario knew his business needed clearer positioning and strategic direction to support sustainable growth. NCMPRBL was built around quiet luxury…

The story behind The Spinning Hand Last summer, Kari Capone was ready to walk away. Her knitting business, The Spinning Hand, had been running on Etsy since 2007 — built slowly and carefully alongside a full-time career and a family. But summer sales were slow, revenue was barely breaking even, and she found herself asking the…

A new national survey from Accion Opportunity Fund (AOF), conducted in partnership with Ripple, reveals that underserved small business owners increasingly rely on digital tools, including cryptocurrency payments and AI-powered platforms, as part of their business operations. The findings are detailed in the report, Unlocking Opportunity Together: Research on Digital Adoption and Access for Underserved…

Accion Opportunity Fund (AOF) is pleased to announce the closing of a $12 million New Markets Tax Credit (NMTC) allocation to support the construction of the Sun Life Family Health Center’s new flagship facility, which will be an approximately $67 Million, 111,558 sq. ft. Federally Qualified Health Center located at 1877 E. Florence Boulevard in…

San Jose, CA — The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has awarded Accion Opportunity Fund Community Development (AOF), an $85 million allocation of New Markets Tax Credits (NMTC) for the combined $10 billion CY 2024-25 “double round”. The NMTC Program advances economic development by making tax credit allocations available…

Small businesses thrive when given access to both capital and knowledge. This blog explores how lending provides stability, while learning sparks innovation—highlighting Ace High Co. as an inspiring example. Discover how small business owners can gain the resources, tools, and confidence they need to grow sustainably in today’s digital economy.

We’re thrilled to announce that Ripple is contributing a catalytic $15 million to Accion Opportunity Fund!

San Jose, CA – August 18, 2025 – Accion Opportunity Fund (AOF), a leading nonprofit lender and advocate for underserved small businesses in the United States, is proud to announce the appointment of Michael Schlein as Chair of its Board of Directors. Michael joined the organization’s Board in 2020 following the combination of Opportunity Fund and the Accion…

San Jose, California, July 8, 2025 – Accion Opportunity Fund (AOF), a leading non-profit small business lender, is pleased to announce the appointment of John Foxgrover as Chief Capital Officer. In this pivotal role, John will lead the organization’s capital markets strategy, focusing on raising debt capital to accelerate AOF’s growth and move the organization…