Honeycomb Credit, a leading community capital investment platform for small businesses, announced its acquisition of iFundWomen (IFW). IFW is an award-winning funding marketplace for growing businesses. This acquisition brings together two powerful strengths. IFW has a successful track record in rewards crowdfunding, enterprise grants, coaching and connecting early-stage companies. Additionally, Honeycomb Credit brings expertise in helping local businesses secure loans from everyday community investors. As a result, the IFW team will join Pittsburgh-based Honeycomb Credit immediately. Furthermore, Karen Cahn, iFundWomen’s Founder and CEO, will join Honeycomb Credit as a Board Member and Principal Advisor. She will primarily focus on advocating for small businesses.
“By joining forces with IFW, Honeycomb Credit is creating a unique offering in the market where entrepreneurs at any stage, from ideation to launch to expansion, can find the right capital at the right time in their growth journey,” said George CookShare
Strengthening small business growth: IFW partners with Honeycomb Credit to expand capital access and support
“At IFW, we’ve long sought a partner to expand funding opportunities for small businesses,” said Karen Cahn, Founder & CEO of IFW. “While we excel at supporting entrepreneurs from ideation to product-market fit, we needed a collaborator for those ready to grow. Honeycomb is the ideal partner, sharing our mission of providing capital access to companies often overlooked by traditional lenders or the venture capital ecosystem. Joining forces will allow us to leverage more resources and assist a broader range of small businesses across America. I’m thrilled that IFW will continue its mission, now branded as IFW by Honeycomb Credit, supporting all entrepreneurs.”
Since 2016, IFW has grown into a network of over 500,000 founders and funders, all united by a shared mission to close the funding gap for small businesses. Entrepreneurs who launched their funding journeys on IFW have collectively raised nearly $200 million through crowdfunding and grants. They have created 95,000 new jobs—and counting. IFW fosters a thriving small business economy. Its achievements earned awards like The Anthem Award for Best For-Profit Fundraising Model, The Product Group’s Best Product for Social Impact and a Shorty Award for Best B2B Platform.
“By joining forces with IFW, Honeycomb Credit is creating a unique offering in the market where entrepreneurs at any stage, from ideation to expansion, can find the right capital at the right time,” said George Cook, Co-Founder & CEO of Honeycomb Credit. “This acquisition advances our collective goal of cultivating a more resilient small business ecosystem for entrepreneurs nationwide and now we provide a complete spectrum of funding opportunities, coaching and resources tailored to small business needs.” Honeycomb Credit is an investment crowdfunding website for small businesses to raise money on fair terms from their communities.
Empowering small businesses: Honeycomb Credit expands funding options with community-based capital and new financing tools
Businesses can access capital from customers, local investors and fans who want to support them. Furthermore, Honeycomb is fully licensed with the SEC and FINRA under the Jobs Act. In fact, it is the first funding portal that allows small businesses to raise debt from their own communities. Additionally, the company now offers crowdfunded equity and revenue share as financing options. As a result, approved businesses can raise between $25,000 and $500,000 on the platform. Moreover, individuals can invest with as little as $100 and enjoy potential returns.
Honeycomb Credit is relationship-centered and reimagines wealth-building for small businesses and their communities. The company has an investor network of more than 25,000 people. It has already deployed nearly $50 million in capital to independently owned businesses. When people come together to invest, the entire community benefits. Under the acquisition terms, all IFW services will be fully integrated into Honeycomb Credit. Entrepreneurs will now have a full suite of funding options in one place. The combined platform delivers access to capital, coaching and community resources across the country.
Key highlights of the acquisition include:
- IFW will join Honeycomb Credit to create an integrated platform where entrepreneurs at every stage can secure funding to grow and thrive.
- Entrepreneurs will benefit from a broader network of investors, enhanced coaching opportunities and community programming designed to foster collaboration.
- Corporate partners will have increased collaboration and grant opportunities to support businesses at various growth stages.
About Honeycomb Credit
Honeycomb Credit provides a platform for growing local businesses to raise investment capital from everyday investors. By launching an offering on Honeycomb, business owners can not only share their future financial success with customers, fans and their community but also secure the funds they need to grow. Furthermore, with a mission to democratize investment opportunities, Honeycomb is rewriting the rulebook for how small businesses access capital by engaging a powerful network of over 25,000 local investors. Learn more at Honeycomb Credit and follow us @HoneycombCredit on LinkedIn, Instagram and Facebook.
About iFundWomen (IFW)
iFundWomen (IFW) is the go-to funding marketplace for women-owned businesses. It provides access to capital through crowdfunding, corporate grants and SBA loans. In addition, IFW offers expert business coaching and valuable founder connections. With its vibrant community of 500,000 founders and funders, the platform is designed to spark confidence. It also helps accelerate knowledge and ignite action. Since launching in 2016, IFW has successfully helped entrepreneurs raise nearly $200 million through crowdfunding and grants. For more information, visit IFW by Honeycomb Credit and follow us @ifundwomen on LinkedIn, Instagram, Facebook and TikTok.
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