Invoice2go Announces ‘Grow by Invoice2go’ Program to Help Minority-Led Small Businesses Build Equity

Rhea-AI Summary

Invoice2go, a subsidiary of Bill.com (NYSE:BILL), launched the ‘Grow by Invoice2go’ program, aimed at supporting underrepresented small business owners. This initiative offers $200,000 in cash prizes, distributed across three tiers: $15,000 for five winners, $10,000 for ten winners, and $5,000 for five winners. The program includes community-building activities and business development workshops led by industry experts. Applications are open until midnight PST on February 28, 2022. Invoice2go emphasizes its commitment to empowering minority-led businesses through financial support and technology.

Positive

• Launch of 'Grow by Invoice2go' program to support underrepresented small businesses.
• Total funding of $200,000 distributed in cash prizes across three tiers.
• Inclusion of community-building and business development workshops.

Negative

• None.

Program Will Give Away $200,000 to Underrepresented Small Businesses

SAN JOSE--(BUSINESS WIRE)-- Invoice2go (subsidiary of Bill.com - NYSE:BILL), an all-in-one platform that helps small business owners run and grow their businesses their way, today announced the launch of ‘Grow by Invoice2go’, an award and business development program that recognizes the untapped potential of small business owners from underrepresented groups.

The program awards $200,000 in total to 20 minority-owned small businesses. Awards will be divided across three tiers of cash prizes with two additional elements that include community building and knowledge sharing as well as business development workshops. The following are details of the program:

• Cash prizes
  • Judges will select winners on a weighted scale by evaluating the entrepreneur’s business plan, purpose, feasibility of success for improvement, and challenges they’ve overcome. Businesses with the highest scores will receive the larger cash prizes. Judges will decide any tied scores. The awards will be distributed in three cash tiers:
    • Five awards of $15,000
    • Ten awards of $10,000
    • Five awards of $5,000

• Community-building and knowledge-sharing
  • Applicants will be invited to join Invoice2go’s online communities:
    • Go Getters, for small business owners who take pride in their craft and being their own boss
    • Female Founders, a community and podcast for success-driven women in business
    • Creative Collective, a group of freelancers embracing their individuality to build a business that fits their lifestyle

• Business development workshops
  • Execution 101 for the Multi-Hyphenate Creative, taught by actress, filmmaker, and content creator Andrea Lewis
  • How to Master Instagram Stories for Your Business, taught by Fitness Ambassadors CEO Mai Lyn Ngo
  • Why a Growth Mindset is Important in Business, taught by Lead Coach at Google Digital Coaches and New York University adjunct professor Angelina Darrisaw

Submissions are open now through midnight PST on February 28, 2022. All qualified small business owners from underrepresented communities are encouraged to apply for their chance at building deserved equity, stability and growth for their companies.

Applicants will be reviewed and winners selected by a Judges Panel made up of an esteemed group of business leaders and journalists including:

• Candace Waterman, President and CEO of Women Impacting Public Policy
• Gene Marks, small business expert, keynote speaker, author and columnist at publications such as Forbes, The Guardian and The Hill
• Ramon Ray, entrepreneur, keynote speaker and best-selling author
• Rodney Fong, President and CEO of San Francisco Chamber of Commerce
• Stephanie Mehta, Editor-in-Chief at Fast Company

The program was inspired by the spirit of independent business owners like Kareem Brown, an associate producer for Steve Harvey’s STEVE on WATCH Facebook series and long-time Invoice2go customer. Kareem moved to Los Angeles from the East Coast to break into TV and expanded his career opportunities with the support of the Invoice2go platform. Daunted at the prospect of manually submitting invoices to his employer, he was recommended Invoice2go to help streamline his accounts receivables. “Invoice2go is amazing. It’s a very easy process, and I love that it keeps track of when you’ve been paid and when you’re supposed to be paid. I love the email system,” Kareem said. The Grow program aims to help other sole-proprietors like Kareem achieve their dreams.

“At Invoice2go, we believe that small businesses are the lifeblood of our communities,” said Mark Lenhard, Invoice2go CEO and Bill.com COO. “There are many distractions and barriers that affect entrepreneurs, and those obstacles have disproportionately impacted minority-led businesses. We’re thrilled to provide the financial support and technology to help them scale and thrive.”

Minority-led business owners are encouraged to check their eligibility and submit an application.

For more information, please see Invoice2go’s website for Terms & Conditions: https://invoice.2go.com/grow-terms-and-conditions. All information submitted will be used by Invoice2go in accordance with its privacy policy. For more information, please review Invoice2go’s Privacy Policy: https://invoice.2go.com/privacy-policy/.

About Invoice2go

Invoice2go, a subsidiary of Bill.com, is a technology company that empowers freelancers and small businesses with straightforward tools that simplify their day-to-day workflow. Our software enables users to grow their client base, manage invoicing and payments, maintain financial wellness, build their brand, and much more.

Invoice2go is used by more than 225,000 freelancers and small business owners in 150+ countries who send ~$25 billion in invoices every year. To create a free account, go to https://invoice.2go.com, or download from the Apple App Store or Google Play.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211201005231/en/

Oriana Branon

obranon@hq.bill.com

619-997-0299

Source: Invoice2go

FAQ

What is the 'Grow by Invoice2go' program by Bill.com (NYSE:BILL)?

It is a program aimed at supporting underrepresented small business owners, offering $200,000 in cash prizes and workshops.

How much funding is available through the 'Grow by Invoice2go' program?

A total of $200,000 is available, distributed across three cash prize tiers.

Who is eligible to apply for the 'Grow by Invoice2go' program?

Eligible applicants include small business owners from underrepresented communities.

When is the application deadline for the 'Grow by Invoice2go' program?

Applications are open until midnight PST on February 28, 2022.

What types of prizes will 'Grow by Invoice2go' offer?

The program will award cash prizes in tiers of $15,000, $10,000, and $5,000.