November 17, 2022

Black-Owned Fintech Company Launches New Grant Search Platform

Black-owned finance company Novae LLC has officially launched a new digital tool to help small businesses find grants and tax incentives to help them grow at a faster rate. 

What is Novae Grants? 

The new tool launched by Novae LLC, called Novae Grants, allows thousands of users to search through a database filled with finance assistance opportunities from both the private sector and the government. 

According to the Novae team, the grants in the database range from $500 to $5 million. They have specifically been designed to help underrepresented Black and brown founders scale their businesses and give back to their communities. 

Novae founder Reco McCambry also notes that the grants that have been located and placed on the database are intended for small businesses with 6-100 employees to help them kickstart their startup. 

“We know that local businesses make us more secure,” said McCambry, founder of Novae. “We know that innovation often comes from startups. There are a lot of organizations that recognize this and offer funding to support these missions, but not many people know how to find these grants and may assume they don’t qualify.” 

The Novae Grants search engine is now available on novaemoney.com. Additionally, Novae hopes they can assist companies with building up their business credit and provide them with access to traditional business funding options. 

Supporting small businesses

From becoming the first Black-owned fintech company to offer a Buy Now, Pay Later service to the launch of their latest grant database platform, Novae is committed to making sure minority entrepreneurs are financially equipped to embark on a successful entrepreneurial journey. 

The fintech company also offers entrepreneurs educational courses and free information from experts, trainers, and coaches. 

“The idea is to make it as easy as possible for small businesses to locate the support they need to grow,” McCambry said. “Whether you’re a mom or a good-sized startup, you may be doing something that one of these agencies wants to promote for the sake of the public good.”  

McCambry hopes the new grant search database with continue to help prosper communities often shut out of financial opportunities and traditional grant services. 

Kumba Kpakima

Kumba Kpakima is a tech reporter at POCIT. A documentary about the knife crime epidemic in the UK got her a nomination for the UK's #30toWatch Young Journalists of the Year.