Innovative Payment Solutions to Help Small Business

Goldman Sachs provided a $200 million loan facility as part of One Million Black Women

One Million Black Women and the Urban Investment Group provided a $200 million loan facility to Now®, an innovative payment solutions business that helps small B2B companies get paid immediately via their NowAccount® so they can increase cash flow while eliminating the risk of late payments and nonpayment of invoices. Through this investment, Now® aims to accelerate invoice payments to help small and often underresourced businesses such as Black women–owned businesses optimize their short-term liquidity needs so they can grow sustainably.

Now® has formed strategic partnerships with organizations — including Initiative for a Competitive Inner City, Georgia Minority Supplier Development Council, Black Directory and Culture Genesis, among others — to increase its reach among Black women entrepreneurs.