Dedicated crowdfunding platform for mumpreneurs launches
Mums Mean Business intends to support female entrepreneurship across the world
A global crowdfunding platform specifically targeted at supporting aspiring and established mumpreneurs has launched today, marking a new first for the crowdfunding industry.
Borne out of a belief that female enterprise is “no longer a gender issue but an economic issue”, Mums Mean Business will be accessible only to female entrepreneurs looking to raise investment and will operate an all-or-nothing and rewards based model.
With a goal to “help any working mum and would-be-entrepreneur to finance their commercial ambitions”, alongside its funding opportunity, the site will provide every successful pitch company with a year’s free mentoring and business tools from professional women’s organisations.
It’s wider aim is to tackle the key challenges which it perceives female businesswomen to have to face today; access to finance, access to knowledge and access to inspirational role models.
Mums Mean Business founder and mumpreneur, Babou Olengha-Aaby, commented: “Mums Mean Business was conceived as a place to inspire mums and to be inspired by mums. It will help budding business leaders to harness the power of crowdfunding to finance their new companies, inventions and products.
“It is no secret that investors and angels are often reluctant to invest in female owned enterprises with only 20.3% of European investors and a 1/3 of investors globally choosing to fund female owned businesses. The alternatives to finance for female entrepreneurs are few and far between.
“There is a great potential and obvious need for a crowdfunding platform such as ours which is dedicated to providing an alternative and democratic source of funding to entrepreneurial mothers who are often bypassed by traditional lending sources.”