JPMorgan Chase has partnered with Fearless Fund on a programme designed to support Black women business owners in the FinTech industry.
Fearless Fund is a venture capital fund built by women of colour for women of colour.
It launched its first Get Venture Ready (GVR) programme in 2021 and has since provided training to over 1,000 women.
The aim of the programme is to create high-growth businesses founded by Black women in the FinTech industry.
The GVR programme is a 12-week course which provides participants with training, mentorship and knowledge to gain access to capital.
Those on the programme will have the opportunity to pitch their business and get a one of three grants totalling $30,000.
Fearless Fund said it will provide entrepreneurs with the tools to build saleable businesses which will drive economic growth and break down systemic barriers which have historically prevented women of colour from accessing capital.
“The increase we’re seeing in women of colour pursuing entrepreneurship is encouraging, both in terms of the general increase of women pursuing their passions and the positive impact it can have in communities,” said Byna Elliott, global head of Advancing Black Pathways at JPMorgan Chase. “We’re grateful to continue our collaboration with Fearless Fund in our shared pursuit to help women of colour achieve success within their business pursuits.”
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