Mastercard, through its Center for Inclusive Growth, has launched Strive, a global initiative focused on strengthening the financial resilience of small businesses and supporting their recovery and growth. According to a statement from the company, “By partnering with a wide range of interconnected organizations, the program will deliver valuable resources for digitization and foster further innovation, while enabling us to drive impact at scale.”
With an initial philanthropic investment of $25 million from the Mastercard Impact Fund, Strive will help more than five million small businesses around the world access the tools and resources they need to digitize, according to Mastercard.
“When small businesses thrive our local communities and economies thrive, but when they struggle, the impact is widespread,” said Michael Miebach, CEO of Mastercard. “What small business owners need right now are partners who will listen to them and develop innovative solutions that will help them grow in the wake of the pandemic. It comes down to an investment in making their success our success. That’s what makes programs like Strive so critical today and tomorrow.”
“This program builds on lessons learned and a body of work developed as part of Mastercard’s long-term focus on financial inclusion,” said Shamina Singh, president and founder of the Mastercard Center for Inclusive Growth. “By leading with an equity-intentional lens and partnership-driven approach, Strive will meet owners where they are and connect them to the resources they are telling us they need to succeed and grow over the long-term.”
More information | https://www.mastercardcenter.org/press-releases/mastercard-strive