Opportunity Finance Network
- Company typePrivate
- Founded1986
- HeadquartersPhiladelphia, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
Opportunity Finance Network firmographics
Firmographics- Name
- Opportunity Finance Network
- Legal name
- Opportunity Finance Network
- Website
- https://ofn.org
- Company type
- Private
- Founded year
- 1986
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Opportunity Finance Network industry classification
Industry- Product category
- Community Development Finance
- NAICS
- Miscellaneous Intermediation (523910), Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Services-Membership Organizations (8600), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Impact Investing & Social Finance (Funds, CDFIs, Microfinance) (BPAGALAA)
Keywords
Where Opportunity Finance Network is headquartered
LocationHeadquarters
- HQ city
- Philadelphia
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Opportunity Finance Network business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Membership Dues: OFN collects membership dues from CDFIs and allies. Membership is open to certified CDFIs and mission-driven community lenders that meet eligibility requirements including having a primary mission of community development, being primarily a financing institution, having at least two years of active lending/investing history, and meeting financial audit requirements.
- Capital Deployment Programs: OFN manages investment programs including the OFN Financing Program ($1 billion+ capital deployment), CDFI Community Investment Fund, Good to Grow CDFI Investment Fund, andGrow with Google Small Business Fund ($180 million deployed). OFN acts as fund-of-funds manager and trusted intermediary, providing customized underwriting and portfolio management.
- Grants and Donations: As a 501(c)(3) nonprofit organization, OFN receives grants and donations from foundations, corporations, and individuals. Donations to OFN are tax deductible.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | OFN Membership - Dues vary by CDFI type and balance sheet size |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels13 records
Opportunity Finance Network product offering
Product offeringCore offering
Opportunity Finance Network (OFN) is a national membership-based intermediary and fund-of-funds manager that connects nearly 500 community development financial institutions (CDFIs) with corporate, philanthropic, and public-sector capital. OFN manages over $1 billion in assets through programs such as the OFN Financing Program, Grow with Google Small Business Fund, and CDFI Bond Guarantee Program, while providing capacity-building training, policy advocacy, and a community platform (CDFI Connect) to channel fair capital into rural, urban, and Native communities underserved by mainstream finance.
Product overview
Opportunity Finance Network (OFN) operates as a national network intermediary connecting nearly 500 Community Development Financial Institutions (CDFIs) with investors, policymakers, and philanthropic partners. The organization functions as a fund-of-funds manager offering a portfolio of investment products including the OFN Financing Program (targeting $1B+ in capital deployment), the CDFI Capital Solutions Accelerator for innovation, and facilitation of Treasury Bond Guarantee Programs. OFN provides its members with access to capital opportunities, capacity-strengthening training through annual conferences and regional meetings, policy advocacy platforms, and operational resources including CDFI Connect (online community), CDFI Locator, Resource Library, and Job Bank. The network's key service focus areas include affordable housing, economic opportunity, rural revitalization, small business lending, Native finance, and sustainability. Through 2024, OFN members have provided over $136 billion in cumulative financing supporting 3.8 million jobs, 1.2 million businesses, and 3 million housing units.
Differentiator
Problem solved
Functional benefit
Products and services
- OFN Membership Program
- OFN Financing Program
- Google Loans and Grants Program (Grow with Google Small Business Fund)
- CDFI Bond Guarantee Program Facilitation
- CDFI Connect Community Platform
- CDFI Locator
- CDFI Capital Solutions Accelerator
- OFN Policy Action Center
- The Opportunity Honors Awards
- OFN Training & Events
Quantifiable outcome
- $8 private sector investment leveraged for every $1 in public funding
- +6 more outcomes
Companies that use Opportunity Finance Network
Customer profileNamed customers8 records
Segments6 records
Ideal customer profiles3 records
Opportunity Finance Network technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Opportunity Finance Network partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core and minor.
- U.S. Small Business Administration (SBA)coreOFN partners with SBA to improve access to small dollar lending through programs like the Microloan program and Community Advantage program. OFN advocated for CDFIs to participate in the Paycheck Protection Program during COVID-19.
- U.S. Department of Housing and Urban Development (HUD)coreOFN advocates for partnering with HUD to leverage private investment for affordable housing. Also works on ensuring Fannie Mae and Freddie Mac continue contributions to the Capital Magnet Fund and Housing Trust Fund.
- U.S. Department of Agriculture (USDA)coreOFN advocates for expanding CDFI involvement in USDA Rural Development programs including Section 502 Direct Loan Program, Rural Energy Assistance Program, and Community Facilities Program to enhance rural housing and infrastructure.
- Federal ReservecoreOFN has partnered with the Federal Reserve on various initiatives including CDFI access to the PPP Lending Facility during COVID-19. Works with Fed on Community Reinvestment Act reforms to drive private-sector investment in CDFIs.
- Federal Deposit Insurance Corporation (FDIC)minorOFN submitted comments to FDIC on proposed changes to the Community Reinvestment Act and other regulatory matters affecting CDFIs.
- Consumer Financial Protection Bureau (CFPB)minorOFN submitted comments to CFPB on Dodd-Frank Section 1071 Small Business Lending Data Collection Rule and other consumer protection matters affecting CDFIs.
- Federal Housing Finance Agency (FHFA)coreOFN advocates for CDFI participation in the Federal Home Loan Bank System and ensuring Fannie Mae and Freddie Mac contributions to affordable housing funds.
- National CDFI CoalitionminorOFN joins with other CDFI organizations on advocacy initiatives including letters to Congress on CDFI Fund appropriations and regulatory matters.
- National Association of Affordable Housing Lenders (NAAHL)minorNAAHL and OFN are calling on the federal government to release more than $1 billion in already-appropriated funding at the CDFI Fund for affordable housing development and preservation.
- National Human Services AssemblyminorOFN partnered with NHSA to provide PurchasingPoint, a group purchasing program offering discounts on office supplies, technology, and other operational costs for OFN members.
- Native CDFI Network (NCN)coreOFN co-hosts the Midwest & Native CDFI Regional Meeting with Native CDFI Network, combining expertise to serve Native communities.
- Power Forward CommunitiesminorPart of the Greenhouse Gas Reduction Fund ecosystem, outlining staggered rollout timelines and market-building activities for clean energy projects in disadvantaged communities.
- Justice Climate FundminorPartner in GGRF programs to support clean energy projects in low-income communities as part of the $27 billion federal climate program.
Scale indicators11 records
Recent moves6 records
Expansion highlights6 records
Opportunity Finance Network competitors and assessment
Company assessmentDirect peers
- Self-Help Credit Union: Self-Help is one of the largest US CDFI networks with credit unions and a venture fund, serving low-income and underserved borrowers. Comparable to OFN in mission and product breadth, though operating as a depository rather than a network intermediary.
- National Association of Affordable Housing Lenders (NAAHL): NAAHL is a trade and advocacy coalition of CDFIs, banks, and housing lenders focused on affordable housing finance policy. Already partnered with OFN on capital deployment and policy, providing a tightly overlapping member-base and federal advocacy footprint.
- Calvert Impact Capital: Calvert Impact Capital is one of the largest US impact capital intermediaries, raising capital from individuals and institutions and deploying it to high-impact community development and CDFI-aligned borrowers. Directly comparable to OFN in operating a multi-fund capital-deployment platform and reporting impact at scale.
- Community Reinvestment Fund (CRF): CRF is a national CDFI and intermediary that aggregates capital from banks and institutions and re-lends it to local CDFIs and small businesses. Closely comparable to OFN's role as a bank-facing capital aggregator and intermediary for community development lenders.
- Local Initiatives Support Corporation (LISC): LISC is a national community development financial intermediary that combines capital deployment, advisory services, and policy advocacy across affordable housing, small business, and economic development. Directly mirrors OFN's integrated intermediary model.
- Enterprise Community Partners: Enterprise is a national nonprofit that invests, develops, and advocates for affordable housing and community development. Highly comparable in operating a hybrid capital-plus-policy model across similar end markets.
- National CDFI Coalition: The National CDFI Coalition is a trade and advocacy association representing CDFIs to Congress and federal regulators. Directly comparable to OFN's policy advocacy function and member-services orientation.
Emerging players
- ImpactAssets: ImpactAssets operates donor-advised funds and notes that channel philanthropic capital into impact investments, including CDFIs. Comparable as a complementary capital-aggregation platform serving high-net-worth donors seeking impact exposure.
Regional players
- Coastal Enterprises Inc. (CEI): CEI is a Maine-based CDFI providing capital and advisory to small businesses, natural resource industries, and underserved communities. Comparable to an OFN member CDFI in product offering, but regional rather than national in scope.
Broad incumbents
- U.S. Department of the Treasury CDFI Fund: The CDFI Fund is the federal government's primary vehicle for CDFI certification, financial awards, and bond guarantee programs. Functions as OFN's largest institutional partner/funder and the dominant capital source shaping the entire industry OFN serves.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Opportunity Finance Network social profiles
Digital presenceOpportunity Finance Network compliance and trust
Trust signalCompliance2 records
Opportunity Finance Network financial estimates
Financial estimateRevenue estimate
Valuation estimate
Opportunity Finance Network leadership team
Management profileNumber of profiles
Profiles10 records
Opportunity Finance Network funding detail
Funding detailFunding overview
Funding rounds4 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Opportunity Finance Network M&A and investment
M&A and investmentM&A
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Opportunity Finance Network
What does Opportunity Finance Network do?
Opportunity Finance Network (OFN) is a national membership-based intermediary and fund-of-funds manager that connects nearly 500 community development financial institutions (CDFIs) with corporate, philanthropic, and public-sector capital. OFN manages over $1 billion in assets through programs such as the OFN Financing Program, Grow with Google Small Business Fund, and CDFI Bond Guarantee Program, while providing capacity-building training, policy advocacy, and a community platform (CDFI Connect) to channel fair capital into rural, urban, and Native communities underserved by mainstream finance.
Is Opportunity Finance Network a public or private company?
Opportunity Finance Network is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Opportunity Finance Network founded?
Opportunity Finance Network was founded in 1986. It employs 11 to 50 people.
Where is Opportunity Finance Network based?
Opportunity Finance Network is headquartered in Philadelphia, United States, in the North America region.
How does Opportunity Finance Network make money?
Three revenue lines are on record. Membership Dues are the primary driver. The others are capital Deployment Programs and grants and Donations.
Who are Opportunity Finance Network's main competitors?
Direct peers on record are Self-Help Credit Union, National Association of Affordable Housing Lenders (NAAHL), Calvert Impact Capital, Community Reinvestment Fund (CRF), Local Initiatives Support Corporation (LISC), Enterprise Community Partners and National CDFI Coalition. ImpactAssets is listed as an emerging player. Coastal Enterprises Inc. (CEI) is listed as a regional player. U.S. Department of the Treasury CDFI Fund is listed as a broad incumbent.
Does Opportunity Finance Network have an API?
No public API is recorded for Opportunity Finance Network.
What industry is Opportunity Finance Network in?
Opportunity Finance Network's product category is Community Development Finance. Its primary akta.pro industry code is BPAGALAA, Impact Investing & Social Finance (Funds, CDFIs, Microfinance). Its NAICS code is 523910 and its SIC code is 8600.