October 30, 2020

visa: Visa extends international partnership with IFundWomen to entrepreneurs in India

MUMBAI: Visa has introduced the launch of a grant program in India to assist girls entrepreneurs with its associate, IFundWomen. As an extension of two packages launched within the US this yr, girls entrepreneurs in India will now obtain funding from Visa to develop and develop their enterprise.

IFundWomen is {the marketplace} for women-owned companies and all of the individuals who wish to assist them with entry to capital, teaching and connections. Visa’s partnership with IFundWomen is designed to assist girls entrepreneurs safe the funding they want by way of a sequence of grants.

T R Ramachandran, Group Nation Supervisor, India and South Asia, Visa, in a press release stated, “Girls-owned companies play an essential position in commerce and employment technology. Nevertheless, they represent solely round 14% of the overall entrepreneur base in India. We wish to see this quantity improve however our interactions with girls entrepreneurs present that entry to capital to fund, run and develop their companies stays a problem. The Visa and IFundWomen grant program in India goals to spice up feminine entrepreneurship and empower budding businesswomen by way of our community, steering, monetary assist and sources to assist obtain their desires.”

Visa might be looking for purposes from girls entrepreneurs throughout all sectors until October 20. To take part, candidates must submit particulars about their enterprise and on-line presence, together with a brief video about their enterprise. Three winners might be chosen from the shortlist and obtain grants of Rs 7,00,000 every and training from leaders inside the Visa and IFundWomen community. Visa has partnered with FLO (the women’ wing of FICCI) and Instamojo as Digitization associate for this system in India

In June, Visa dedicated to supporting 50 million small companies globally to energy restoration and allow them digitally. In August, by way of the primary India version of Visa In all places Initiative, it awarded three fintech startups with financial awards and technological assist from Visa to take their options to market. Now with the announcement of this grant program, Visa furthers its dedication to assist small companies, significantly these led by girls entrepreneurs throughout India.