Small and emerging businesses could gain $10,000 grants through Venmo. Funding for the Venmo Small Business Grant will supply new financial grants and mentorship services to 20 new and existing Venmo customers.
Chosen firms will get $10,000 to pay costs like rent or help digitize and promote their businesses. The news was announced by PayPal, the giant fintech owner of Venmo.
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. Read more at www.blackenterprise.com
