CNote Celebrates Five-Year Anniversary, Thousands of Jobs Cr

CNote Celebrates Five-Year Anniversary, Thousands of Jobs Created in Underserved Communities


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OAKLAND, Calif., April 22, 2021 /PRNewswire/ -- CNote, a women-led community investment platform with a mission of closing the wealth gap, today celebrates its fifth year in operation. CNote partners with Community Development Financial Institutions (CDFIs) and mission-driven deposit institutions, which are high-impact local lenders dedicated to delivering financial resources to underserved communities. Dollars invested and deposited on the CNote platform are deployed with these frontline lenders to fund women- and BIPOC-owned small businesses, affordable housing development, and further racial justice and economic development across the United States. 
Investments on CNote's platform have created or maintained over 4,000 jobs. In the past 12 months, over 40% of newly deployed capital has gone to women-led businesses and over 50% to BIPOC borrowers. CNote catalogs the on-the-ground impact of its community investments with regular quantitative impact reporting and by profiling the small businesses, people, and organizations that are positively impacted.

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