Village Capital and Standard Chartered Bank have launched a financing facility to invest in the Bank’s Women in Tech program alumni.
The initiative focuses on early-stage, impact-focused start-ups led by women founders to address the gender financing gap in the entrepreneurial ecosystem.
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Its main objective is to provide catalytic capital, empowering women entrepreneurs to overcome challenges in accessing investment and financing opportunities compared to men.
Village Capital has made its first investment in two women-led start-ups, Bena Care and Mighty Finance. Bena Care, based in Kenya, offers affordable clinical and supportive care to patients with life-limiting illnesses at home, while Mighty Finance, based in Zambia, aims to provide access to capital for women-led businesses.
Each start-up will receive USD 75,000, totaling a $150,000 investment. Standard Chartered’s Women in Tech program has supported 64 women-led businesses, with 32 receiving grants totaling KES44 million.
The partnership between Standard Chartered and Village Capital demonstrates their shared commitment to diversity, equity, and inclusion in impact investing. Leveraging Village Capital’s experience in unlocking capital for impact-driven start-ups and Standard Chartered Bank’s dedication to empowering women entrepreneurs, the collaboration aims to have a meaningful and lasting impact on the global entrepreneurial landscape.
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