BMO pledges to invest $3bn in women-owned businesses

By zaymalz malz

Bank of Montreal has continued its ongoing campaign for equal opportunity in the financial sector, pledging a further $3bn in capital for investment in women-owned businesses across Canada over the next three years.

“BMO is deeply committed to helping women entrepreneurs grow their businesses and strengthen their communities with capital, other financial products and advisory services which will ultimately support these leaders in creating new jobs and opportunities,” said Dev Srinivasan, Senior Vice President and Head, Canadian Business Banking, BMO Bank of Montreal.

See also:

The latest commitment follows on from a similar announcement made in 2014 that saw BMO invest $2bn in women-owned firms over the course of four years.

Further, the company also recently partnered with both Carleton University and The Beacon Agency on compiling its Everywhere, Ever Day Innovating: Women Enterpreneurs & Innovation report.

The report revealed that access to capital and credit is a significant issue holding back the launch, development and growth of women-owned businesses.

The latest pledge will aim to address this problem, whilst BMO previously also became the first Canadian bank to launch a mutual investment fund focused on gender diversity - the Women in Leadership Mutual fund.

“We are proud to go beyond solely providing banking services to female business owners by investing in research, creating innovative educational platforms and sponsoring business-related conferences and seminars with a focus on Canada's women entrepreneurs,” Srinivasan continued.

Share

Featured Articles

How Elon Musk pulled off a $44bn hostile takeover of Twitter

As the world’s richest man, Elon Musk, takes over tech giant Twitter, we highlight the timeline that led to this titanic takeover

Amazon, Alphabet, Wells Fargo best workplaces, says LinkedIn

The top 50 workplaces to grow careers prioritise flexible work and tuition-support programs, as top-ranking firms Amazon and Alphabet prove, says LinkedIn

Top 10 women in technology in the US

These 10 women in tech are forging a path into bold areas of innovation and technological ambition, according to sister publication Technology Magazine

8 executive moves to crypto – from mainstream to startup

Technology & AI

Digital Twins tech ‘missing link’ in urban decarbonisation

Technology & AI

The Metaverse Foundry from Infosys is a business playground

Technology & AI