women

Women entrepreneurs are the engine that drives the post-pandemic economic recovery in Latin America, according to study

The 2020 edition of the Mastercard Index of Women Entrepreneurs (MIWE) reveals that clearing the way for female entrepreneurship contains the economic and cultural keys to resurgence.

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5 min read

This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.


By Janet Rivera – Hernández, Vice-president of Communications for Mastercard Latin America and the Caribbean.

  • The COVID-19 pandemic negatively affected 87% of the world’s companies led by women.
  • 42% of female entrepreneurs moved their business models to the online universe this year, while 37% are developing new businesses that respond to the needs of the place and the moment, and 34% identified new business opportunities during the pandemic.

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How Beta Boom is helping women- and minority-led startups grow their businesses

Kimmy Paluch, the founder of Beta Boom, a venture academy that helps startups get funding, joined Yahoo Finance to discuss the disparities in funding women- and minority-owned and what her company is doing to help.

Paluch tells Yahoo Finance that Black women are starting businesses at the fastest clip of any racial group. However, they are receiving less than half a percent of venture capital dollars. The Beta Boom founder says that the company is looking to level the playing field. She says this is why it primarily invests in startup founders who are women, people of color, and other overlooked groups. 

“What makes us different is we invest a lot more human capital into these companies because writing the check is just not enough. There’s a lot of work that needs to be done to tear down access gaps that these founders face. So we invest, and we

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