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Celebrating International Women's Day

Culture, 2 min read

This International Women's Day, we honour and celebrate the remarkable achievements of Black women across the globe. Their resilience, innovation and entrepreneurial spirit inspire us every day.

Celebrating The Impact Of Black Women In Business

Black women have long been pioneers in shaping communities and driving economic progress. Despite systemic barriers, their contributions to the world of entrepreneurship and innovation are unmatched:

  • Black women own 14% of all women-owned businesses in the U.S., and in the U.K. they own 4% of all Small and Medium-sized Enterprises (SMEs).
  • Only 1% of U.S. venture capital funding reaches Black women founders, a gap CashBlack and Afrofiliate aim to help close.

Sources: American Express 2019 State of Women-Owned Businesses Report, British Business Bank 2020 UK Diversity Report.

Thriving In The Health And Beauty Sector

The health and beauty sector has long been a cornerstone of Black women's entrepreneurial ventures:

  • Black women spend 25% more on health and beauty products compared to other demographics, contributing an impressive $10 billion annually to this industry worldwide.
  • It's no surprise that 22% of Black women-owned businesses operate in this sector, creating jobs and fostering innovation.

Sources: McKinsey "The State of Fashion: Beauty", Nielsen's "African-American Women: Our Science, Her Magic"

Supporting Black Women Beyond International Women's Day

Our commitment to uplifting Black women extends far beyond International Women's Day. Through CashBlack GiveBack, members can donate their cashback to women and girls-focused charities, and we match every donation.

Join Us In Celebrating Black Women

Shop with Black women-owned businesses on CashBlack, and promote Black women-owned brands through Afrofiliate to earn commission. Together, let's make a difference.

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