Over 65% of the small businesses AccreueMe invests in are minority and/or women owned businesses.
AccrueMe, the leading business-friendly funding solution for Amazon Sellers, announced that 65% of its active portfolio companies are minority or women owned small businesses.
AccrueMe invests in businesses that sell on the Amazon.com marketplace using a unique profit share model that does not charge interest and does not require monthly payments, personal guarantees, or credit checks.
Read More: Powerbridge Technologies Establishes Powercrypto Holdings For Its Crypto Mining And Digital Asset…
“Minority and women owned businesses make up a large part of our investment portfolio at AccrueMe and the reality is that minority owned businesses are some of the best run 3rd party sellers on Amazon.”— Don Henig
Don Henig, co-founder of AccrueMe said; “Minority and women owned businesses make up a large part of our investment portfolio at AccrueMe and the reality is that minority owned businesses are some of the best run 3rd party sellers on Amazon. Unfortunately, these groups tend to have less access to traditional funding sources and we are glad that our innovative model has been embraced by Amazon sellers of diverse backgrounds.”
Read More: SalesTechStar Interview With John Bruno, Vice President Of Strategy At PROS
Third-party sellers on Amazon account for over 60% of the sales on Amazon.com and nearly all of those third-party sellers are small and medium sized businesses. According to Amazon, 48% of the businesses selling in the Amazon.com store are women owned. This year, Amazon launched multiple programs to empower minority & women owned small businesses including the “Black Business Accelerator.”
Last week, AccrueMe’s co-founder Don Henig was featured on the “Women on Amazon” podcast and in the coming weeks AccrueMe plans to announce additional initiatives designed to help women and minority owned small businesses grow.
Read More: New Study Reveals Consumer Confidence Is Surging—But Shopping Expectations Have Changed