Accion Opportunity Fund Welcomes John Foxgrover
Accion Opportunity Fund (AOF), a prominent non-profit lender dedicated to small businesses, has appointed John Foxgrover as its new Chief Capital Officer. His primary responsibility in this influential role will be to direct the organization’s capital markets strategy, which will primarily involve raising debt capital aimed at enhancing the growth of AOF. This endeavor is pivotal as the organization aspires to become the first self-sufficient, scalable lender focused on providing financial support to underserved small businesses across the United States.
With a career spanning over three decades, John Foxgrover brings extensive experience from various banking and specialty finance sectors. Before his tenure at AOF, he held senior leadership positions in well-known companies such as Fundbox, Oportun, and First Marblehead. His roles at these organizations involved shaping capital strategies that played a crucial part in growing their respective businesses. Earlier in his banking career, John worked at Wachovia and Bank of America, where he specialized in structured finance and securitization solutions catering to both consumer and commercial finance sectors.
John's extensive expertise in capital strategy and his proven success in growth-driven financial positions will be invaluable for AOF as it strives to expand its reach. The goal is to ensure that a greater number of small businesses can access the affordable and responsible capital essential for their prosperity.
Luz Urrutia, the CEO of Accion Opportunity Fund, expressed enthusiasm about Foxgrover’s addition to the team, stating, "We are thrilled to welcome John to the team. His extensive industry knowledge and leadership in capital markets will be instrumental in helping AOF unlock new opportunities and significantly enhance our impact on underserved small businesses nationwide."
AOF has been recognized for its commitment to advancing economic mobility for underserved small businesses and low-income communities. The organization provides affordable capital, knowledge resources, networks, and supportive policies aimed at fostering an environment where small businesses can thrive.
For those wishing to learn more about the Accion Opportunity Fund or explore how to participate in transforming the capital landscape for underfunded small business owners, further details can be found at
aofund.org.
About Accion Opportunity Fund
Accion Opportunity Fund (AOF) is renowned for its dedication to advancing economic mobility for underserved small businesses. The organization's mission is to deliver affordable capital, coupled with knowledge resources and supportive policies that empower low-income communities.
In a world where small businesses often face challenges in accessing capital, the leadership of industry veterans like John Foxgrover is critical in pushing forward an inclusive financial landscape. With his expertise, AOF is set to enhance its mission effectively, ensuring that more small businesses are granted the opportunity to thrive and succeed.