The O.H.I.O. Fund Invests in Splash Financial’s $70 Million Series C Funding Round

The O.H.I.O. Fund, a private investment advisory firm with a unique investment thesis focused on leveraging Ohio's momentum to accelerate economic prosperity and growth across the state, today announced its participation in Splash Financial's Series C funding round, supporting the fintech company's continued growth and innovation. Just last month, The O.H.I.O. Fund announced its successful close of one of its funds, The Ohio Institutional Impact Investment Fund (Impact Fund), at $106 million in commitments. This milestone capped the firm's first year in operation, during which it raised a total of $238 million in commitments, and executed 19 investments across the state.

Splash, a leading AI-enabled lending marketplace, has secured more than $70 million in this latest funding round and launched a new home equity line of credit (HELOC) product. Splash connects consumers with a network of credit unions and banks through automated loan processing technology, helping traditional lenders deliver modern, frictionless borrowing experiences at competitive rates. With this latest funding, Splash has now raised more than $135 million in total equity funding since its founding and processed over $6 billion in loans.

"Splash brings state-of-the-art lending capabilities to the long tail of credit unions and community banks-giving them the models, automation, and scale to serve borrowers in a way that has historically only been available to the largest bank institutions," said Mike Venerable, Partner, The O.H.I.O. Fund. "We're proud to back an industry-leading platform built in Ohio that expands access to competitive financial products for millions of consumers."

The funding will accelerate growth and strengthen Splash's position as a premier destination for consumers seeking competitive rates from community-focused credit unions and banks. Since its founding, Splash has specialized in Student Loan Refinancing and Personal Loans, helping borrowers get great rates and take control of their financial futures. With its expansion into home equity lines of credit (HELOCs), Splash now offers homeowners a flexible way to access the value of their homes.

"Splash provides credit unions and community banks with the technology, models, and scale to efficiently grow their lending programs," said Steven Muszynski, Founder and CEO of Splash Financial. "With this new equity capital, we're expanding our credit union and bank network-supporting our partners with the tools they need to reach more borrowers and deliver a streamlined, competitive lending experience."

The O.H.I.O. Fund has proven its strategy works. With Ohio on the cusp of major economic expansion, the state offers a wide range of scalable opportunities across industries and regions. From emerging ventures to transformative projects, demand for growth capital is strong - investing in Splash is just the latest example of how the Fund is delivering on its promises to the state of Ohio.