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Banks (Finance)

First Women's Bank Expands Mission Partnerships to Bridge the Gender Lending Gap

Strategic Insights

— 2 min read

First Women's Bank has added five new Mission Partners to its growing list of supporters, including Airbnb, BCG, Principal Financial Group(r), Salesforce, and Envestnet. These companies join a list that already includes Aon, Comcast Corp., Microsoft, United Airlines, Wendy's, William Blair, and the Western Golf Association, as well as Strategic Advisors Billie Jean King, Sophia Bush, and Nia Batts. The bank has also welcomed Olympic track and field athlete Allyson Felix as a Strategic Advisor, further solidifying its commitment to promoting women's equity and economic growth.

Key Takeaways:

  • First Women's Bank has expanded its Mission Partnerships with the addition of five new companies: Airbnb, BCG, Principal Financial Group(r), Salesforce, and Envestnet.
  • The new Mission Partners join a list that already includes Aon, Comcast Corp., Microsoft, United Airlines, Wendy's, William Blair, and the Western Golf Association, as well as Strategic Advisors Billie Jean King, Sophia Bush, and Nia Batts.
  • First Women's Bank has also welcomed Allyson Felix, the most decorated track and field Olympian in history, as a Strategic Advisor.
  • The bank's Mission Partners support its strategy to expand economic opportunity for all small businesses, with a focus on the women's economy.
  • First Women's Bank's innovative approach combines national Small Business Administration lending with deposits from mission-aligned corporations to create accessible financing for small businesses.
  • The bank's Strategic Advisors include Billie Jean King, Sophia Bush, Nia Batts, and Allyson Felix, all of whom are strong advocates for women's equity and economic growth.
  • The partnership with First Women's Bank is a key component of Airbnb's commitment to supporting women and women-led businesses.
  • BCG research has shown that diversely managed companies better withstand unanticipated changes, and FWB supports this idea by amplifying the power of the women's economy through education and funding.
  • Principal Financial Group(r) is committed to putting financial security within reach of more people, including small to midsized businesses.
  • Salesforce recognizes the importance of ensuring female founders and women-led businesses have equal access to capital and is proud to support First Women's Bank's mission.
  • Envestnet is focused on empowering consumers, small business owners, and everyone to achieve an Intelligent Financial Life through their ecosystem of technology, data intelligence, and solutions.

Statistics:

  • First Women's Bank has added 5 new Mission Partners in addition to its existing list.
  • The bank's Strategic Advisors include 4 high-profile women, including Billie Jean King, Sophia Bush, Nia Batts, and Allyson Felix.
  • FWB's innovative strategy combines national Small Business Administration lending with deposits from mission-aligned corporations to create accessible financing for small businesses.
  • The bank's focus on the women's economy aims to amplify the power of women and women-led businesses through education and funding.
  • Principal Financial Group(r) has a history of focusing on small to midsized businesses and is committed to financial security for more people.
  • Salesforce recognizes the importance of equal access to capital for female founders and women-led businesses.
  • Envestnet's ecosystem of technology, data intelligence, and solutions aims to empower consumers, small business owners, and everyone to achieve an Intelligent Financial Life.

Sources:

  • First Women's Bank news release, no date
  • Airbnb, BCG, Principal Financial Group(r), Salesforce, and Envestnet news releases, no date
  • Aon, Comcast Corp., Microsoft, United Airlines, Wendy's, William Blair, and the Western Golf Association news releases, no date
  • Billie Jean King, Sophia Bush, Nia Batts, and Allyson Felix quotes, no date

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