What is Ariva?
Ariva is a community-based organization headquartered in the Bronx, dedicated to providing free tax preparation and comprehensive financial counseling services to residents across New York City. The organization's core mission revolves around empowering individuals through enhanced financial literacy and the promotion of economic justice, thereby enabling clients to cultivate generational wealth. Operating from over 30 locations, Ariva offers tailored support via distinct programs such as The Bronx Initiative and La Ventanilla. Furthermore, Ariva actively recruits and engages volunteers to bolster its financial education and tax preparation efforts, fostering a dynamic community committed to financial upliftment.
How much funding has Ariva raised?
Ariva has raised a total of $356K across 2 funding rounds:
Debt
$150K
Debt
$206K
Debt (2020): $150K with participation from PPP
Debt (2021): $206K led by PPP
What's next for Ariva?
The substantial large-scale late-stage funding context suggests Ariva is poised for significant scaling and operational expansion. This strategic investment will likely be channeled into broadening its service reach, enhancing its technological infrastructure for client management and outreach, and potentially developing new financial literacy programs. The focus on economic justice and generational wealth indicates a long-term vision, with future capital likely aimed at solidifying its impact and sustainability within the New York City community.
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