The Mansa Fund is a lending fund dedicated to supporting Black-owned businesses. Bridge is a digital lending platform committed to racial equity and closing the racial wealth gap. The two companies announced a groundbreaking partnership this year to accelerate Black entrepreneurship and economic empowerment.
The Mansa Fund and Bridge will work together to identify and support high-potential Black-owned businesses, providing access to vital funding and mentorship to facilitate growth and scalability.
Black-owned businesses
“We are thrilled to partner with Bridge to amplify our mission of supporting Black entrepreneurs,” said Lee Moulton. Moulton is the Founder and Managing Partner of The Mansa Fund. “Despite strides, qualified black business owners still face systematic disadvantages when it comes to accessing loans to grow their businesses. Our collaboration with Bridge will help better connect these business owners with the capital they need.”
Bridge is committed to addressing systemic challenges and enhancing economic prospects for communities of color,” stated Rohit Mathur, CEO of Bridge. “Through our collaboration with The Mansa Fund, we aim to provide essential support and resources to Black entrepreneurs, aiding them in establishing successful businesses and achieving sustainable generational wealth.”
This partnership marks a significant step forward in addressing the funding disparities and challenges Black entrepreneurs face. The Mansa Fund and Bridge share a commitment to driving systemic change. They want to create a future where Black-owned businesses have equal opportunities to succeed.
About The Mansa Fund
Founded by Lee Moulton & Nnamdi Ugwu, The Mansa Fund is a small-business lending platform focused on providing low-interest loans to support Black-owned businesses.
Follow us on Instagram and visit us at www.themansafund.com
About Bridge
Bridge is a digital platform that connects small and medium-sized businesses (SMBs) with a diverse group of lenders. This includes community banks, Community Development Financial Institutions (CDFIs), Minority Depository Institutions and woman-owned banks. The platform connects qualifying businesses with lenders to provide access to capital with choice and convenience in a streamlined experience. Bridge provides lenders with the opportunity to diversify their businesses, broaden their customer base and offer borrowers a high-quality experience.
Learn more at www.bridgemarketplace.com and connect with Bridge on LinkedIn.
Do you want to read more about funding discrepancies? Check out our story on VC funding and women-led startups.
Add Comment