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Mastercard pledges millions to aid Black businesswomen with 'Fearless Fund'


Mastercard pledges millions to aid Black businesswomen with Fearless Fund
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“This is part of our broader work on financial inclusion,” Mastercard executive Michael Froman said Tuesday. File Photo by Bill Greenblatt/UPI | License Photo
April 20 (UPI) Mastercard announced on Tuesday that it plans to spend millions to help Black American businesswomen with the Fearless Fund, a venture capital project built by women of color.
The Fearless Fund provides financing to companies started by women of color. Other investors in the fund include Bank of America and PayPal.
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The investment announced on Tuesday is part of the company s ongoing efforts to aid businesspersons of color. Last year, Mastercard launched a half-billion-dollar initiative to support Black communities in the United States. ....

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Mastercard Continues Support For Black Women Entrepreneurs


Mastercard Continues Support For Black Women Entrepreneurs
HARRISON (dpa-AFX) - Mastercard is continuing its support for black women entrepreneurs with a multi-million dollar investment in a venture capital firm built by women of color for women of color. The payments company will invest in VC firm Fearless Fund as part of its Strivers Initiative that reinforces commitment to black women-owned businesses across the U.S.
Strivers Initiative is a consumer-facing platform that elevates the visibility of Black female business owners overcoming obstacles to maintain and grow their business, as role models for the community and future generations. Mastercard announced the Strivers Initiative in mid-February. ....

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Mastercard : Furthers Support for Black Women Entrepreneurs with Multi-Million Dollar Investment in Fearless Fund, a Venture Capital Firm Built by Women of Color for Women of Color


Investment continues company’s Strivers Initiative elevating and supporting Black, women entrepreneurs
Black women are building and growing businesses faster than any other segment and yet receive less than one percent of venture capital funding. In addition, only three percent of the people actually leading investments at VC firms are Black according to the National Venture Capital Association. To help further access to funding for Black women, Mastercard today announced a multi-million dollar investment in Fearless Fund, a venture capital fund built by women of color for women of color.
“The significant investment gaps in women-founded companies, which is especially acute for Women of Color, holds everyone back,” said Michael Froman, president of strategic growth, Mastercard. “The need to narrow this gender and racial disparity is critical in driving forward innovation and fueling inclusive, sustained economic recovery across our country. We are investing in Fea ....

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Mastercard promotes Black women-owned business; Paytm eases access to IPOs

Mastercard promotes Black women-owned business; Paytm eases access to IPOs
paymentssource.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from paymentssource.com Daily Mail and Mail on Sunday newspapers.

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