The digital wallet app Venmo recently announced a small business grant program to reward small and emerging businesses with financial and technical resources.
Venmo will award 20 new and existing customers through the Venmo Small Business Grant. Businesses can use their funds to pay rent, promote their business or digitize different aspects of their entities.
Awardees will get access to technical expertise and mentorship on topics like legal services, financial analysis, and digital marketing. The company stated that resources will be offered in partnership with PayPal community partners, Start Small, Think Big, and Taproot Foundation. PayPal and Venmo employees will offer coaching and pro bono services.
It was disclosed that business owners from historically underrepresented communities will be given special consideration. The aim is to help businesses “build resilience, grow, and succeed.”
Businesses have until August 11 at 11:59 PM to set up a Venmo Business Profile and apply for the grant.
For more details, read the entire Black Enterprise article here.