Visa Champions a New Decade for Women’s Empowerment
In advance of International Women’s Day,
New study commissioned by
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(Graphic: Business Wire)
“Women power economies around the world and increasingly are a driving force in the creation of new businesses,” said
About the Partnerships:
- IFundWomen: IFundWomen is a funding and education platform that provides access to capital through grants and crowdfunding, expert business coaching and a network of women business owners. Visa’s new global partnership with IFundWomen is specifically designed to help entrepreneurs secure the funding they need through a series of grant contests. To find out more and apply for a grant, entrepreneurs can visit IFundWomen.com/Visa.
Hand International: As part of the company’s mission to enable individuals, businesses and economies to thrive, Visais launching a $2.4 million, three-year partnership with Hand in Hand International, a global non-profit organization that focuses on developing economies in Africa, South Asiaand the Middle East. Visa’s partnership with Hand in Hand Internationalwill focus on providing business education and broadened financial services access to 10,000 micro businesses in Kenya– at least 75% of which are owned by women. The partnership will further women’s economic empowerment, which has a multiplier effect3, boosting economic growth and leading to greater development outcomes.
In conjunction with the partnerships,
“In an increasingly digital world, businesses need to constantly adapt to shifting consumer preferences. But keeping up is challenging, especially for a small business. The women entrepreneurs I have met echo a need for more access to capital to fund, run and grow their businesses,“ said Suzan Kereere, global head of merchant sales and acquiring,
Women in Business:
Female Founder Collective:
Visahas entered its second year of partnership with Rebecca Minkoff’s Female Founder Collective. To kickoff, Visawill host a workshop at Female Founders Day, where a diverse mix of lending and digital payment experts will discuss strategies small business can use for loans and capital.
Women’s World Banking: In 2017, the
Visa Foundationmade their inaugural grant of $20 millionto Women’s World Banking to help women-led micro and small business owners increase access to capital and to help grow their businesses. The program is on track to reach 1 million women by the end of the year.
She’s Next, Empowered by
Visa: In 2019, Visalaunched its women-owned small business initiative, She’s Next, Empowered by Visa, with workshops in New York, Atlanta, Torontoand Cape Townat the World Economic Forumin South Africa. She’s Next leverages Visa’s brand and network to empower women entrepreneurs with tools to build their businesses, ultimately creating a ripple effect throughout their communities.
- Female Founder Collective:
Women in Sport:
The SheBelieves Cup: As the sponsor of the SheBelieves Cup,
Visawill present the first-ever MVP trophy to the most inspiring and empowering athlete on the field during the tournament, selected by a committee of former female footballers. Visawill also host a Practical Money Skills workshop at the SheBelieves Summit, which underscores the importance of financial literacy and how to plan ahead for financial success.
The Second Half: Inspired by Visa’s groundbreaking partnership with UEFA Women’s Football and the FIFA Women’s
World CupTM, Visarecently announced the launch of The Second Half; a career development program to support female footballers in Europe, as they consider their careers beyond the football pitch.
Olympic and Paralympic Games: Visa’s sponsored athlete program of Olympic and Paralympic hopefuls, Team Visa, has been comprised of more than 50% women athletes looking back historically at the full roster. For
Tokyo2020, Visais supporting more than 50 female Olympic and Paralympic hopefuls from around the world. Additionally, in the lead up to the Olympic Winter Games Beijing 2022 - Visa, the China Women’s Development Foundationand Beijing Sport Universityannounced a program aimed to empower women to grow their small businesses and contribute to local social-economic development and sustainable growth.
- The SheBelieves Cup: As the sponsor of the SheBelieves Cup,
1 Gem 2016/2017 Women's Entrepreneurship Report
2 Gem 2018/2019 Women's Entrepreneurship Report
3 International Monetary Fund’s Pursuing Women's Economic Empowerment