FINANCE

Gardner Capital and Kiva Partner to Accelerate Minority-Led Small Business Access to Finance in Texas

Gardner Capital | November 25, 2021

Small Business Access to Finance
Gardner Capital, a private equity firm and alternative investment platform specializing in multifamily housing and renewable energy development and investment, is partnering with Kiva through Gardner Capital's GCRE Upward Mobility Fund to accelerate minority-led small business access to finance in Texas.

The partnership will initially focus on supporting BIPOC small business owners in the Dallas and Houston markets, and provide a revolving fund to match loans raised on Kiva's crowd-funding platform – both increasing the total funding available and accelerating the speed of funding loans for entrepreneurs.

"We are truly thankful for the opportunity to begin our partnership with Kiva through our initial loan matching fund – this is just the start of what we expect to be a truly long term partnership and one that we can grow substantially with additional funds in the coming years. We are committed to providing additional funding for new loan matching programs with Kiva on an annual basis."

Michael Gardner, Founder of the GCRE Upward Mobility Fund and CEO of Gardner Capital

This recent commitment from the GCRE Upward Mobility Fund is a part of Gardner Capital's broader commitment to provide more than $5mm in capital to support upward mobility in financially excluded or historically underserved communities through a variety of programs and partnerships including direct equity investments, venture and seed capital, low interest soft funding, grants, and other funding.

About Kiva
Kiva is an international nonprofit, founded in 2005 and based in San Francisco, that celebrates and supports people looking to create a better future for themselves, their families and their communities. By lending as little as $25 on Kiva, anyone can help a borrower start or grow a business, go to school or realize their potential. And since it's a loan, not a donation, you can recycle the same funds over and over to multiply your impact. Through Kiva, each of us has the power to create opportunity and help others work towards their dreams— whether it's a loan to a farmer in rural Kenya or a rooftop farmer in Detroit.

About the GCRE Upward Mobility Fund
Launched in 2020, the GCRE Upward Mobility Fund provides low interest soft loans, grants, venture and seed capital to initiatives that focus on upward mobility, renewable energy, EV adoption, or initiatives focused on investment in otherwise underserved markets. The Fund is expected to commit more than $500,000 annually for programs that align with the Funds investment goals and guidelines.

About Gardner Capital
Gardner Capital is a private equity firm and alternative investment platform with multiple operating businesses focused on affordable housing and renewable energy development, tax credit syndication, as well as real estate-related investments, joint ventures and capital partner relationships. The firm has offices in St. Louis, Dallas, Houston and Orlando. Since 1992, Gardner Capital has placed more than $3 billion of equity in affordable housing and related investments. In recent years, Gardner Capital added a rapidly growing national platform for solar development and investments, expanding its commitment to renewable energy and sustainability across its investment platform. Additionally, the firm launched multiple alternative investment funds focused on renewable energy and EV adoption, upward mobility and investments in underserved markets. We are committed to investing in communities, supporting upward mobility, and improving the wellbeing of families by developing, investing and increasing access to capital for affordable housing, clean energy and entrepreneurs. 

Spotlight

Millionaires Peter Voogd and Tim Sykes discuss their biggest takeaways from judging 25 startups in Tokyo, Japan. They dive into what separated the top 5% from the rest and give advice on how to rise above the noise as a startup and most importantly HOW TO GET AN INVESTMENT.


Other News
MARKETING AND NETWORKING

U.S. Small Business Administration Veterans Small Business Advisory Committees Set to Host Virtual Public Meetings December 7-8

U.S. Small Business Administration | November 29, 2022

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FINANCE, BUSINESS STRATEGY

Counterpart Launches AI-Powered Crime Coverage For Small Businesses Backed by Aspen Insurance

Counterpart | September 16, 2022

Counterpart, the AI-driven management liability insurtech for small businesses, today announced the launch of Crime insurance. The policy can be purchased on a standalone basis or packaged with its existing Directors & Officers, Employment Practices, and Fiduciary insurance lines. Backed by Aspen, the Crime insurance expansion reinforces Counterpart’s commitment to using its cutting-edge technology to address critical exposures of small businesses.Employee theft costs businesses $50 billion annually, and costs are rising at a rate of 15% per year, according to the U.S Department of Commerce. The new offering helps identify employee theft and social engineering perils by utilizing Counterpart’s proprietary machine learning-based underwriting system, which includes employee sentiment analysis, as well as proactive risk mitigation guidelines. “Small businesses often lack the internal auditing and risk management capabilities of larger businesses, which can make them more susceptible to Crime risk. Our extensive underwriting experience, proprietary data infrastructure, and increased market presence have enabled us to craft a Crime product that complements our existing insurance lines,We are grateful for the continued support of the well-respected team at Aspen, along with many of our broker partners, who have helped us develop a very competitive product.” Mike Levins, Head of Insurance at Counterpart Crime insurance is available for small businesses with less than 250 employees and less than $100 million in revenue and total assets through Counterpart’s wholesale broker partners. “Counterpart continues to impress CRC Group and the brokerage community with its effective and efficient quoting and binding tools. Now, with their Crime capabilities, we can rely on Counterpart as a one-stop shop for comprehensive management liability coverage for our valued Insureds,” said Dan Lazarz, Director, CRC - ExecPro Group. “Counterpart has established an impressive track record of innovation,” said Zac Clammer, Executive Vice President, Management Liability at Aspen. “We are pleased to continue developing our partnerships with Counterpart across the growing portfolio of excess and primary small business insurance products that we are bringing to market.” Small businesses should contact their broker about Counterpart insurance coverage and can learn more about Counterpart’s products and services by visiting: yourcounterpart.com About Counterpart Counterpart is an AI-driven management liability insurance solution for the 21st century workplace. The company offers modern Directors & Officers, Employment Practices, Excess and Fiduciary products for small businesses. Through data mining and advanced analytics, the company's rating systems measure risk more efficiently while requiring less information from the broker and applicant. Counterpart’s distinctive approach to underwriting is complemented by a suite of products and services that help brokers and insureds proactively manage exposures throughout the term of the policy. For more information, visit yourcounterpart.com About Aspen Insurance Holdings Limited Aspen provides insurance and reinsurance coverage to clients in various domestic and global markets through wholly-owned subsidiaries and offices in Australia, Bermuda, Canada, Singapore, Switzerland, the United Kingdom, and the United States. For the year ended December 31, 2021, Aspen reported $13.8 billion in total assets, $7.6 billion in gross reserves, $2.8 billion in total shareholders’ equity, and $3.9 billion in gross written premiums. Aspen's operating subsidiaries have been assigned a rating of “A-” (Strong) by Standard & Poor’s Financial Services LLC and an “A” (“Excellent”) by A.M. Best Company Inc.

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TECHNOLOGY

BAU Launches New and Revolutionary Mobile App to Help Small Businesses Promote Themselves

BAU | November 21, 2022

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TECHNOLOGY, SMALL BUSINESS ADVICE

CyberCatch and Arizona Small Business Association Announce Partnership to Help Small Businesses in Arizona Mitigate Cyber Risk

CyberCatch | September 22, 2022

CyberCatch, today, jointly announced with the Arizona Small Business Association (ASBA), a strategic partnership to enable Arizona's small businesses to quickly and easily implement necessary cyber security controls for digital success.According to the U.S. Small Business Administration, there are more than 590,000 small businesses (those with fewer than 500 employees) in Arizona, and these businesses employ nearly 43.5% of the state's private workforce. Small businesses are the growth engine of Arizona's economy, and this partnership provides a valuable tool for continued success,said Debbie Hann, Chief Operating Officer, ASBA. We are delighted to partner with CyberCatch to keep Arizona's small businesses one step ahead of cyber threats, so they can continue to grow and succeed digitally. Nearly all small businesses are digital these days, and need to stay proactive, said Hann.ASBA is pleased to take a leadership position with this program and announce a new ASBA membership benefit in the form of a subscription to CyberCatch, at a discount. CyberCatch's patented, innovative, cybersecurity Software-as-a-Service (SaaS) solution is specifically designed for small businesses and enables quick and easy implementation of all necessary controls for continuous cyber security. The SaaS solution automatically and continuously tests cyber security controls to detect security holes for prompt remediation so attackers cannot exploit and ensures ongoing compliance and cyber risk mitigation. "CyberCatch is a one-stop-shop for small businesses. We are honored to partner with ASBA. Our compliments to ASBA for their foresight and forward thinking to recognize cyber risk as a key threat to small businesses in Arizona and to partner with us to craft a valuable and timely solution for their members and prospective members to assure their continued success." Sai Huda, founder, chairman and CEO, CyberCatch. The root cause of data thefts and ransomware is security holes which derive from missing or ineffective cybersecurity controls that the small business is unaware of," said Huda. "Small businesses have limited resources and generally don't know what cyber security controls to implement or how to implement them in order to be secure from cyber threats, and now must comply with new requirements such as Zero Trust. ASBA and CyberCatch aim to fill those gaps in small business knowledge, with this innovative new partnership. This member benefit gives small businesses immediate savings and continual digital compliance and security. To learn more about this benefit, visit website. About Arizona Small Business Association The Arizona Small Business Association (ASBA) was founded in 1973 and serves as the collective voice of small businesses in Arizona by driving a better environment for all of us to do business. Today, ASBA is focused on delivering statewide education, mentoring, networking, and advocacy programs, providing innovative entrepreneurs with the resources necessary to grow and evolve in an ever-changing marketplace. For more information, visit website. About CyberCatch CyberCatch is a unique, patented cybersecurity Software-as-a-Service (SaaS) company that protects small and medium-sized businesses (SMBs) from cyberattacks by focusing on the root cause why SMBs fall victim: security holes. It provides an innovative cloud-based SaaS platform coupled with deep subject matter expertise to help SMBs implement just the right type and amount of cybersecurity controls. The platform then performs automated testing of controls from three dimensions: outside-in, inside-out and social engineering. It generates the Cyber Breach Score to continuously measure cyber risk and finds security holes and guides the SMB to fix them promptly, so attackers can't exploit any missing or broken controls to break in and steal data or infect ransomware. CyberCatch's continuous value proposition:

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Spotlight

Millionaires Peter Voogd and Tim Sykes discuss their biggest takeaways from judging 25 startups in Tokyo, Japan. They dive into what separated the top 5% from the rest and give advice on how to rise above the noise as a startup and most importantly HOW TO GET AN INVESTMENT.

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