WE Hub, Telangana’s state-led incubator for women entrepreneurs, has signed an agreement with Tide, the UK’s leading SME-focused business financial platform, to power women-led small businesses in India.
WE Hub has a strong market presence. WE Hub and Tide aim to build an ecosystem that gives women entrepreneurs greater access to business and technical support, as well as mentoring and opportunities for growth. Counselling and educating women small business owners on regulation and compliance, accounting and financial planning, filing tax returns, loan application support, marketing and sales, as well as facilitating peer training and networking, will be among the primary focus areas.
WE Hub CEO Deepthi Ravula said, “Access to funding and especially working capital has always been a key challenge for many women-led start-ups and SMEs. Many studies have shown that financial institutions have low confidence in the growth prospects of Women founders and start-ups. Another common challenge that women entrepreneurs face is with respect to access to mentors. Enabling access to credit is a fundamental intervention to overcome this challenge for entrepreneurs to start and scale in their entrepreneurial journey. Through our partnership with Tide, we plan to address this and create growth opportunities for women entrepreneurs.”
