Women's Tabloid

Honeycomb Credit buys IFundWomen to create a comprehensive funding platform for small businesses

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The IFundWomen (IFW) team has purchased Honeycomb Credit, a Pittsburgh-based company that helps small businesses get funding. Karen Cahn, who founded IFundWomen and was its CEO, will now serve as a Board Member and Principal Advisor at Honeycomb Credit. In this role, she will focus on supporting and advocating for small businesses, helping them access the funding and resources they need to grow and succeed.

“At IFW, we’ve long sought a partner to expand funding opportunities for small businesses in our community,” said Karen Cahn, Founder & CEO of IFW. “While we excel at supporting entrepreneurs from ideation to product-market fit, we needed a collaborator for those ready to grow and expand. Honeycomb is the ideal partner, sharing our mission of providing capital access to companies often overlooked by traditional lenders or the venture capital ecosystem. Joining forces will allow us to leverage more resources and assist a broader range of small businesses across America. I’m thrilled that IFW will continue its mission, now branded as IFW by Honeycomb Credit, supporting all entrepreneurs.”

With the goal of bridging the funding gap for small enterprises, IFW has expanded from its founding in 2016 to become a network of more than 500,000 founders and funders.  In addition to creating 95,000 new employment (and counting), entrepreneurs who started their funding adventures on IFW have collected close to $200 million through sponsored grants and crowdfunding.  The Anthem Award for Best For-Profit Fundraising Model, The Product Group’s Best Product for Social Impact, and a Shorty Award for Best B2B Platform are just a few of the accolades that IFW has received over the years for its numerous accomplishments, which support a flourishing small company ecosystem.

“By joining forces with IFW, Honeycomb Credit is creating a unique offering in the market where entrepreneurs at any stage, from ideation to launch to expansion, can find the right capital at the right time in their growth journey,” said George Cook, Co-Founder & CEO of Honeycomb Credit. “This acquisition advances our collective goal of cultivating a more resilient small business ecosystem for entrepreneurs nationwide, and now we provide a complete spectrum of funding opportunities, coaching, and resources tailored to small business needs.”

Through the investment crowdfunding website Honeycomb Credit, independently held small enterprises can raise funds from their local investors, followers, and customer base on reasonable conditions.  Honeycomb Credit, the first fundraising platform to enable companies to raise debt from local communities, has full SEC and FINRA licenses under the Jobs Act.  The business has added alternate financing alternatives like revenue share plans and crowdfunded equity to its lineup. Through Honeycomb Credit, approved businesses can raise anywhere from $25,000 to $500,000, and consumers can begin investing on the platform for as little as $100 with the possibility of earning returns.

Honeycomb Credit is a relationship-focused platform dedicated to reshaping wealth-building for small businesses and their communities. With a network of over 25,000 investors, it has deployed nearly $50 million in capital to independently owned businesses, emphasizing the collective benefits when communities unite to support local ventures.

Following its acquisition of IFundWomen (IFW), all IFW services will be fully integrated into Honeycomb Credit’s platform. This merger creates a comprehensive suite of funding solutions tailored to entrepreneurs at every stage of their journey, from ideation to expansion. The combined entity will offer business owners nationwide, an unparalleled access to capital, expert coaching, and community resources, fostering growth and resilience in the small business ecosystem.

Key highlights of the acquisition include:

  • IFW will join Honeycomb Credit to create an integrated platform where entrepreneurs at every stage can secure funding to grow and thrive.
  • Entrepreneurs will benefit from a broader network of investors, enhanced coaching opportunities, and community programming designed to foster collaboration.
  • Corporate partners will have increased collaboration and grant opportunities to support businesses at various growth stages.

About Honeycomb Credit

Honeycomb Credit provides a platform for growing local businesses to raise investment capital from everyday investors. By launching an offering on Honeycomb, business owners can share their future financial success with customers, fans, and their community while securing the funds they need to grow. With a mission to democratize investment opportunities, Honeycomb is rewriting the rulebook for how small businesses access capital by engaging a powerful network of over 25,000 local investors. 

About IFundWomen (IFW)

IFundWomen (IFW) is the go-to funding marketplace for women-owned businesses, providing access to capital through crowdfunding, corporate grants, and SBA loans, along with expert business coaching and valuable connections. IFW’s vibrant community of 500,000 founders and funders is designed to spark confidence, accelerate knowledge, and ignite action. Since its founding in 2016, entrepreneurs who started their funding journey on IFW have raised nearly $200 million through crowdfunding and grants on the platform.

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