Mastercard and Fearless Fund Expand Partnership To Provide Funding For Black Women Small Business Owners
- ByStartupStory | February 28, 2022
Black women are launching businesses faster than any other group, yet receive the least amount of venture capital support. Mastercard recognizes this and wants to change it.
Upon the 1-year-anniversary of Strivers Initiative, Mastercard is expanding partnership with Black-owned venture capital fund Fearless Fund in its joint mission to fund and support Black women-owned businesses.According to the company, Fearless Fund will be offering Black women small business owners $10,000 grants, digital tools and mentorship for the Fearless Strivers Grant Contest.
One national winner will be announced every month through 2022. Additionally, city-specific grant opportunities for Black women small business owners will be launching shortly in Mastercard’s In Solidarity cities.
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