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Share Name | Share Symbol | Market | Type |
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Visa Inc | NYSE:V | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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-0.30 | -0.11% | 277.44 | 1,172 | 12:18:51 |
Visa awarded ten Canadian women entrepreneurs funding through grants,
along with resources and mentorship through IFundWomen to grow and expand their businesses
TORONTO, April 29, 2021 /CNW/ - Today, Visa Canada announced the recipients of its inaugural She's Next Grant Program in Canada to boost and empower women entrepreneurship. As an extension of Visa's global She's Next Grant Program, ten Canadian women entrepreneurs received a grant of $10,000 CAD and one-year business coaching through IFundWomen to support, grow and expand their businesses.
COVID-19 has highlighted the need to support Canadian small businesses now more than ever, as most (67 per cent) say that 2020 was a challenge and that their business is still recoveringi. This is especially true for women entrepreneurs, who pre-pandemic, were outpacing men in starting their own businessesii. Now they are taking nearly twice as long compared to their male counterparts to recoveriii.
Despite the challenges, women entrepreneurs remain optimistic, while working hard to keep their doors open. Visa's Back to Business Study: 2021 Women's Edition revealed that 60 per cent of women-owned Canadian small businesses took measures to adapt to challenges presented by COVID-19, with 30 per cent offering contactless payments and 12 per cent offering alternative payment solutions, like installments.iv
"ln a pandemic-challenged world, women-owned small businesses are continuing to prove their resilience, demonstrating fierce optimism about the future of their business," said Stacey Madge, president and country manager, Visa Canada. "Visa is appreciative of their dedication and ongoing contributions to our communities, and proud to be supporting them through our grant program. We would like to congratulate the ten women entrepreneurs selected and look forward to empowering them through these grants and mentorship to keep going and thrive during these uncertain times."
"We continue to be extremely proud of our ongoing collaboration with Visa globally, and all that we have been able to accomplish so far through the She's Next Grant Program," said Karen Cahn, founder and chief executive officer, IFundWomen. "Visa walks the walk and is consistently offering funding and business resources to women-owned businesses around the globe, so partnering with them to launch the inaugural She's Next Grant Program in Canada was a no-brainer."
Additionally, according to another recent Visa survey, 48 per cent of women entrepreneurs indicated a grant would be helpful for near-term survival or growthv. The She's Next Grant Program recipients span diverse industries from textiles, education and food & beverage, to professional services, beauty and wellness, each offering innovative solutions and products:
Since March 2020, through its global She's Next Grant Program, Visa has awarded over a quarter of a million dollars in grants and coaching memberships to women across the globe. In Canada, Visa furthers its commitment by way of its extended Canadian grant program, and with initiatives like the Visa Canada Small Business Hub which has programs and solutions to support small businesses in driving efficiency and sales through the acceptance of digital payments and the expansion of businesses online.
About Visa
Visa Inc. (NYSE: V) is a world leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. Our relentless focus on innovation is a catalyst for the rapid growth of digital commerce on any device for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit visa.ca, visa.com/blog and @VisaCA.
i The Visa Back to Business Study: 2021 Women's Edition
ii She's Next Visa Study
iii FreshBooks Study (2020)
iv The Visa Back to Business Study: 2021 Women's Edition
v In January 2021, the Visa Canada Small Business Outlook Spring Survey surveyed 1,010 Canadian business owners and business decision makers from various sectors using the Maru Voice research panel, as part of Maru's quarterly BizPulse study. Fielding took place between Jan 20th and Jan 29th, 2021.
SOURCE Visa Canada
Copyright 2021 Canada NewsWire
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