RVA Financial, founded in 1950, is a non-profit financial cooperative based in the United States. With the slogan 'We Empower RVA.®', RVA Financial aims to empower the Richmond and Metro Richmond area community. Over the years, the company has undergone several name changes and expansions in its membership eligibility. Today, RVA Financial serves over 13,000 members and offers financial services, insurance, and banking. The latest milestone for RVA Financial was a significant investment of $4.96M in the form of a grant from the Community Development Financial Institutions Fund on 10 April 2023. This investment solidifies the company's position and indicates a vote of confidence from a prominent investor. RVA Financial’s rich history, steady growth, and commitment to community empowerment make it an appealing investment opportunity. The company's continuous expansion and evolving services demonstrate its adaptability and resilience in the financial services sector. With its recent investment, RVA Financial is well-positioned to continue its mission of empowering the Richmond community while providing valuable financial services.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Grant | $4.96M | 1 | Community Development Financial Institutions Fund | 10 Apr 2023 |
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