Kwanda announces £20,000 in grants for Black-owned small businesses in the UK - funded by PayPal
27 Sep 2021

Kwanda, a platform designed to democratically invest in Black communities and businesses around the world is announcing its plans to supercharge the entrepreneurial journeys of Black founders in the UK, using funding from PayPal.

Earlier this year, PayPal awarded Kwanda a $50,000 grant intended to support the organisation’s mission to support and empower Black communities through a “global village” of investors. Each year, PayPal provides local-level grants and support to communities around the world as part of the company’s commitment to powering an inclusive and equitable economy.

Kwanda will be using a total of £20,000 from that grant to provide either £1,000 or £5,000 in non-dilutive cash awards to eight founders of exciting and innovative black-owned small businesses. Selected founders will also receive ongoing mentoring and support to help them grow their business through YSYS (Your Startup Your Story), a startup community dedicated to connecting diverse people with opportunities in tech, that Kwanda will be partnering with for this program. The remaining funds from PayPal’s grant will be used to support the day-to-day operations of the business.

Click here to find out more about how apply. The deadline for applications is 24 October 2021. Finalists will be announced by 15 November 2021.

Press Contact:

Elle Chambré, echambr@paypal.com

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