“Bags,” A Black-Led Loan Discovery Aimed To Boost Funding For Women Founders, Gets $3M Seed Financing

Essence Magazine:

By Jasmine Browley· Updated October 26, 2022

Despite Black women being the fastest-growing group of entrepreneurs in the US, 99% of those businesses will never raise venture capital.

Bags, a small business loan discovery and management platform, is aiming to help mitigate that disparity.

The Black-led company recently announced in a news release shared with Essence the closing of its $3M seed round.

The raise was led by Slauson

This post first appeared in Essence Magazine. Read the original article.