Venmo Awards $20,000 Grants and Mentorship to 10 Small Business Owners
Venmo has announced the ten recipients of their 2024 Venmo Small Business Grant program. Each selected business will receive a $20,000 grant, pro bono technical expertise, and mentorship on various topics such as legal services, financial analysis, and digital marketing. This initiative supports small businesses using Venmo’s business profiles to manage and grow their operations. The recipients include Risa Recio from Tak Tak Goods, Kiran Chapman from Soma Metalwork, and Nadine Duncan from The Traveling Black Women Network, among others. The program emphasizes aiding businesses in underrepresented communities.
Neutral
This news primarily highlights financial support and mentorship for small businesses, which is generally positive for entrepreneurs but has limited direct implications on the cryptocurrency market. It does not present significant factors that would likely drive a market shift for crypto traders.