AUSTIN, Texas, May 14, 2015 /PRNewswire/ -- The Empowering a Billion Women by 2020 (EBW2020) movement led by former Entrepreneur-in-Residence of Dell Inc., Ingrid Vanderveldt (IV), working with companies including Dell Financial Services, Frost & Sullivan, and Xero, has announced the release of its "Business in a Box" software platform for women fueled with a $100M IV Credit Fund.
"Our business goal by 2020 is to get $1B of credit into the hands of women enabling them to gain access to up to $10B worth of support and infrastructure to build their ventures. With that, we expect them to generate up to $100B in global market by providing women with the tools, technology, and resources they need to succeed," said EBW2020 CEO Ingrid Vanderveldt.
Scaling a business can be intimidating and expensive. EBW2020's "Business in a Box" business, finance and technology solutions provide a curated one-stop shop to help entrepreneurs simplify and ease the expense of the process.
Powered by Xero's cloud accounting software, EBW2020's "Business in a Box" solutions provide "back office support" to women looking to scale their ventures. EBW matches entrepreneurs with live experts to help set financial goals. EBW then delivers a custom "playbook" with recommended online and offline technology solutions from trusted partners to help the entrepreneurs reach their goals.
As users of the EBW2020 platform scale their businesses and seek additional funding to fuel that growth, the IV Fund's objective is to help facilitate lending of up to $100M of credit to qualified borrowers over the next 12 months. For the scalable technology solutions needed to fuel growth, for example, the IV Fund will help curate solutions and vet borrowers for credit review and application with lenders including Dell Financial Services. The goal of The IV Credit Fund is to build a portfolio of relationships with fast growth start-ups that have at least 51% women in the C-suites.
"Women are starting 70% of new companies and we want to contribute to their success by filling in the gaps for them when it comes to managing business performance," says Russ Fujioka, U.S. President of Xero. "Our small business platform, which integrates accounting with inventory, payroll and invoicing, brings a level of financial acumen that helps ensure success. Our partnership with EBW2020 will help us expand our reach and give female entrepreneurs a head-start."
"Women-led companies are among the fastest growing entrepreneurial segments," says Darren Fedorowicz, Executive Director of Dell Financial Services. "By providing financing options, we can help qualified companies access the scalable technology and capital they need to grow."
At Dell, Vanderveldt is credited with creating the $100M Dell Innovators Credit Fund (DICF) and Dell Center for Entrepreneurs as a way to connect big business with entrepreneurs. She redefined how the future of business is done by inventing this win-win strategy between corporations and the market and now, she is bringing that same recipe for success to EBW and its global community.
About EBW2020 LLC: Empowering a Billion Women by 2020 (EBW2020) is the world's #1 empowerment community and back-end support platform created by and for businesses that cater to and support women. EBW2020's mission is to provide tools, tech and resources to power the success of women leaders & entrepreneurs. We focus primarily around three areas critical to business success including access to: mentorship, financial literacy and mobile technology. EBW curates the best solutions from corporations we trust are authentically trying to help women succeed. Through our $100M IV Credit Fund and "Business-in-a-Box" solutions we provide the first-ever start-to finish process enabling entrepreneurs to start, grow and scale their ventures in partnership with the corporations seeking to support them. Open to men and women, the EBW2020 community offers year round opportunities to engage in issues updated annually at the flagship event- The Empowering a Billion Women Global Summit. A percentage of profits goes to fund The EBW Foundation giving cell phone access, financial literacy and mentorship to women in developing countries.
SOURCE EBW2020 LLC