Vitamin's Products & Differentiators
An intuitive learning tool that is a simulation investment portfolio that women can observe under real-market conditions without putting in real money.
Expert Collections containing Vitamin
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Vitamin is included in 2 Expert Collections, including Fintech.
Excludes US-based companies
Companies and startups in this collection digitize & streamline the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.
Latest Vitamin News
Aug 29, 2023
Empowering Diverse Entrepreneurs with Equal Access Fund By Tim Worstell Tim Worstell has been verified by Muck Rack's editorial team Published on August 29, 2023 Fintech firm Hello Alice and the Global Entrepreneurship Network (GEN) have announced the establishment of a $70 million Equal Access Fund, designed to tackle the financial gap faced by female and BIPOC entrepreneurs. Through this fund, both organizations aim to increase fair access to credit and unleash up to $1 billion in funding for small business owners belonging to the “new majority,” including women, veterans, BIPOC, Latinx, people with disabilities, LGBTQIA+, and other underrepresented communities. Tackling the Financial Gap for Entrepreneurs By utilizing their networks and resources, Hello Alice and GEN plan to identify these entrepreneurs and provide them with essential capital to develop and grow their businesses. Alongside financial support, the Equal Access Fund will also offer tailored mentorship and ongoing guidance to ensure the long-term success and stability of these ventures. Support from Prominent Partners The initial financial commitments to the fund were spearheaded by Wells Fargo, with additional partners such as First National Bank of Omaha, Mastercard, and the Kauffman Foundation joining the initiative. These organizations recognize the importance of supporting small businesses in order to boost the economy and foster entrepreneurial growth. By pooling their resources and expertise, these organizations aim to create a collaborative network that will empower business owners and ensure the sustainability of their ventures. Credit Enhancements and Investments Through the Equal Access Fund, entrepreneurs will receive credit enhancements like guarantees, loan loss reserves, and cash collateral deposits. These financial instruments will help reduce risk and encourage investments in affordable housing projects and community development initiatives. By leveraging capital from private institutions and public entities, the Equal Access Fund aims to improve overall creditworthiness and expedite financing for these vital projects. Five-Year Equal Access Program Over the next five years, the fund will be implemented through the Equal Access Program, supervised by Hello Alice and GEN. This program’s primary objective is to provide essential resources and opportunities to underrepresented entrepreneurs, allowing their businesses to flourish and bridge the gap in the startup ecosystem. By promoting diversity and fostering an inclusive environment, the Equal Access Program aspires to drive economic growth and innovation for various communities. Expanding Credit Availability and Financial Education One of the program’s focal points is to expand credit availability via a Mastercard secured card and offer financial education to small business proprietors. By providing access to credit and valuable financial knowledge, this initiative aims to empower small business owners and promote their economic growth. The innovative approach combines practical tools and resources, enabling entrepreneurs to make informed decisions about their financial future. Hello Alice’s Business Health Score Feature In April, Hello Alice introduced a business health score feature, providing users with a summary of their financial health and recommending methods for enhancing their performance. This feature evaluates various factors, such as revenue, expenses, and credit score , to determine a business’s overall health. With these insights, entrepreneurs can identify areas in need of improvement and make data-driven decisions to boost their growth potential. A Track Record of Empowering Entrepreneurs Currently, Hello Alice serves 1.3 million small business owners and has allocated over $30 million in grants through its loan center, which hosts a network of 92 lenders. The company’s mission is to empower entrepreneurs by providing them with easily accessible financial resources, fostering growth and sustainability in the business sector. Over the years, the firm has not only helped create jobs but also contributed to countless success stories of small enterprises across the nation. Through initiatives like the Equal Access Fund and Equal Access Program, Hello Alice, GEN, and their partner organizations continue to make strides in supporting diverse entrepreneurship and shaping a more inclusive business landscape for the new majority. FAQ: Equal Access Fund for Entrepreneurs What is the Equal Access Fund? The Equal Access Fund is a $70 million initiative established by Fintech firm Hello Alice and the Global Entrepreneurship Network (GEN) to address the financial gap faced by underrepresented entrepreneurs, such as women, BIPOC, veterans, Latinx, people with disabilities, and LGBTQIA+ communities. The fund aims to increase fair access to credit and unleash up to $1 billion in funding for small business owners in these demographics. Who is backing the Equal Access Fund? The initial financial commitments to the fund were led by Wells Fargo, with other partners including First National Bank of Omaha, Mastercard, and the Kauffman Foundation. These organizations recognize the importance of supporting small businesses to boost the economy and foster entrepreneurial growth. What are the components of the Equal Access Fund? The fund offers financial support in the form of credit enhancements like guarantees, loan loss reserves, and cash collateral deposits. Additionally, the fund provides tailored mentorship and ongoing guidance to ensure the long-term success and stability of the businesses supported through the initiative. How will the Equal Access Fund be implemented? Over the next five years, the fund will be implemented through the Equal Access Program, which will be supervised by Hello Alice and GEN. This program aims to provide essential resources and opportunities to underrepresented entrepreneurs, allowing their businesses to flourish and bridge the gap in the startup ecosystem. What is the role of financial education in the Equal Access Fund? One of the program’s focal points is to expand credit availability through a Mastercard secured card and offer financial education to small business proprietors. By providing access to credit and valuable financial knowledge, this initiative aims to empower small business owners and promote their economic growth. How does Hello Alice’s Business Health Score feature contribute to the program? Hello Alice’s Business Health Score feature evaluates factors such as revenue, expenses, and credit score to determine a business’s overall financial health. This feature provides entrepreneurs with insights into areas that need improvement, enabling them to make data-driven decisions and boost their growth potential. What is Hello Alice’s track record in supporting entrepreneurs? Hello Alice currently serves 1.3 million small business owners and has allocated over $30 million in grants through its loan center, which hosts a network of 92 lenders. The company has a mission to empower entrepreneurs by providing them with easily accessible financial resources, fostering growth and sustainability in the business sector. First Reported on: techcrunch.com
Vitamin Frequently Asked Questions (FAQ)
What is Vitamin's latest funding round?
Vitamin's latest funding round is Seed VC.
How much did Vitamin raise?
Vitamin raised a total of $1.98M.
Who are the investors of Vitamin?
Investors of Vitamin include Nina Pütz, Marcel Schneider, Vanessa Stützle and Cavalry Ventures.
Who are Vitamin's competitors?
Competitors of Vitamin include Trade Republic and 3 more.
What products does Vitamin offer?
Vitamin's products include Discovery Mode and 2 more.
Compare Vitamin to Competitors
Vivid Money operates as a financial technology company. It offers a mobile banking application that manages all finances and investments. It was founded in 2020 and is based in Berlin, Germany.
Bitwala offers a transactions and blockchain investment platform. It provides an all-in-one platform combining a regular bank account, crypto wallets, and seamless bitcoin and Ethereum trading options. Its customers can buy and sell Bitcoin and Ether online or mobile with liquidity directly from their bank account. Bitwala was formerly known as Nuri. The company was founded in 2014 and is based in Berlin, Germany.
Unbanked is a fintech solution built on blockchain. The company provides organizations and consumers with a suite of bespoke financial services such as FDIC-insured bank accounts, debit cards, and rewards. It is based in Charlotte, North Carolina.
Raison operates a financial technology company that focuses on investment and personal finance. It offers a platform that uses artificial intelligence to help users manage both fiat and cryptocurrency assets, invest in blockchain-related products, analyze their financial status, and make everyday transactions such as paying for purchases. The company was founded in 2017 and is based in Tallinn, Estonia.
Leatherback is a financial solutions company with a focus on simplifying global trade and cross-border payments. The company offers a range of services including multicurrency accounts, money transfers, mass collection and payouts, and tools for invoices, expenses, and payroll. Leatherback primarily serves individuals and businesses engaged in international trade. It was founded in 2019 and is based in London, England.
Zelf is a banking institution that operates primarily in the financial technology sector. The company offers instant money transfer services through various messaging platforms, allowing users to send and receive money, create invoices, and manage their finances using voice commands or a button interface. Its primary customer base is individuals who prefer to conduct their banking operations through messaging apps. Zelf was formerly known as ZELF SIA. It was founded in 2017 and is based in New York, New York.