Pennee deploys 25% of its $2.7 million to its first small business accelerator cohort

Pennee set out to provide credit financing options to small businesses.

Pennee deploys 25% of its $2.7 million to its first small business accelerator cohort
Image credit: Pennee

Pennee set out to provide credit financing options to small businesses.

In the past 8 months, Pennee has deployed over 400,000 dollars to small businesses in credit financing.

Pennee's slogan to help small businesses tip the scale and provide the financial support they need to grow has birthed the need for a small business accelerator program.

The Pennee small business accelerator is a 12-week program designed to support 100 exceptional businesses with financial and intellectual tools to grow into the big businesses they're designed to be.

While tech startups have the opportunity to join accelerators that help Fastrack their growth with financing, community and other resources, small businesses do not typically get this chance.

Pennee wants to level the playing field by creating an accelerator program for exciting small businesses to give them access to these opportunities too.

In its 1st cohort, Pennee is accepting applications from unique businesses driven by grit and a desire to stand out from the crowd to join the accelerator.

Selected businesses will enjoy:

  • Access to credit financing of up to #15 million
  • Tutorials.
  • Mentorship
  • Perks from other companies
  • Opportunities to pitch for more financing
  • Continuous business community support.

And other perks for selected businesses.

Applications are currently open and will close on the 16th of May 2022. Interested businesses can apply HERE.