Txeya looking to provide greater funding equality for female, BAME and LGBTQ+ entrepreneurs
Txeya has begun to promote greater business equity by making it simpler to fund and build enterprises for female, black, ethnic minority and LGBTQ+ entrepreneurs
Making use of the advantages of smart banking, Txeya provides a wide range of enterprises with access to finance options that will help them through their whole start-up journey.
While women account for around 50% of the world’s population, female-only start-ups obtain less than 6% of total venture capital financing. Txeya tackles these and other inequities by providing a variety of instruments for financial empowerment, including a bank account for enterprises, access to financing and an entrance to institutional investors active in the search for diversity-based enterprises.
Ann-Kathrin Grebner, co-founder and CEO of Berlin-based health and wellbeing start-up My Inner Health Club, says: “We’re excited to have access to both credit and equity investment through Txeya. Its founders understand the current barriers entrepreneurs are facing around access to funding and how difficult the process can be. By combining business banking and funding, Txeya solves two problems that every start-up has and helps us focus on making our business a success.”
Txeya provides investors with a qualitative transaction flow for socially conscious investors and a smooth experience, giving entrepreneurs from under-represented and yet untapped communities the opportunity to find new possibilities.
Heather Henyon, CEO of venture firm Mindshift Capital, comments: “Financial returns are clearly high up on the agenda when any investor looks for new companies and people to invest in, but it’s also important to add amazing businesses founded by diverse entrepreneurs to any investment portfolio.
“With Txeya, investors are guaranteed both diverse business founders and excellent returns in one package. We are excited to see that Txeya is opening doors to and for underrepresented founders to improve their access to funding, and it’s encouraging to see diversity becoming more central in conversations about investment.”
Txeya is born of 20 years of expertise in banking and entrepreneurship and a drive to challenge the status quo in business, the brainchild of the founder Paula Pandolmino.
Paula is committed to providing, via Txeya, financial empowerment and access to investment for future generations led by the variety of entrepreneurs, together with a world-class team of seasoned co-founders, who share her goal of integrating equality into this financial model.
Paula says: “The lack of funding in female, black, minority ethnic and LGBTQ+ businesses is unacceptable and urgently needs to be addressed.
“At Txeya, we are championing the cause for equality from both sides. We are giving entrepreneurs access to a platform specifically designed around their needs and pain points, while showing investors a clear path to connecting with exceptional entrepreneurs and business ideas that will convert their investment into high-value returns.”
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