“I had to contact customer service three times, submit verification documents, and wait over a week before the crossborder payment was completed.” – Indonesian SME seeking to pay a foreign vendor, September 2025
wegg board member Kati Suominen, and founder of NextTrade Group analyzes how the persistent payment frictions and complex financial regulations that contribute to them impact international trade and small and medium enterprises (SMEs) engaged in crossborder ecommerce.
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A 2025 NBER study finds that female entrepreneurs who launched a startup after a previous failure raised 53.3% less capital than men who were involved in the same failed companies.
This funding gap directly contributes to fewer women becoming serial entrepreneurs—women represent only 4% of founders who start three or more companies,
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The digital economy is reshaping global trade and business, presenting new opportunities for inclusive growth and sustainable development. However, these opportunities are not equally available, particularly for women entrepreneurs who face significant barriers to full participation.
The new study, entitled “Breaking down barriers for women digital entrepreneurs: Insights from Africa,”
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We are big fans of the mighty finance genius Warren Buffett and make it a practice to read his annual report. This year was no exception. In his annual letter to shareholders Saturday, Warren Buffett celebrated the successes of Berkshire Hathaway’s (BH) companies last year and in the 60 years since he took over a struggling New England textile company and began converting it into a massive conglomerate while offering some advice to President Donald Trump.
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Despite the documented positive impacts of women-owned businesses on economic growth and poverty reduction, a significant gap remains in understanding how international trade intersects with female participation, particularly in accessing trade finance. Hence, “Banking on Women Who Trade Across Borders” underscores the critical need for gender equality in international trade and trade finance.
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The biennial report, Latina and Black Women Entrepreneurs in the Tech & Innovation Ecosystem, which Project Diane and the organization DigitalUndivided recently released, compiled data from more than 750 Latina and Black female founders who have received outside funding. These companies received 0.85% of all venture capital in 2022,
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In this report, The Centre for New Economics Studies (CNES) observes the entrepreneurship landscape of these identified countries – India, Germany, Mexico, Russia and Saudi Arabia – to understand how the business landscape shapes the involvement of ‘women as leaders’ and in driving business levers across sectors.
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A new generation of women-founded unicorns is on the rise. Today, over 130 companies founded by women have passed the $1B mark – unicorn status. We’re seeing this exciting trend of some leading growth-stage organizations in the for-profit and nonprofit sectors.
Frederic Kerrest,
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The World Bank conducted a study in 2021 to assess the financial technology (Fintech) and digital financial services landscape in Côte d’Ivoire. Why? Because in Côte d’Ivoire, many individuals and small businesses are financially excluded, and access to finance can be a challenge. Women are especially at a disadvantage,
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FOR IMMEDIATE RELEASE
Media Contact: Laurel Delaney, ldelaney@womenentrepreneursgrowglobal.org, 773-576-6403
WOMEN ENTREPRENEURS GROW GLOBAL® ACCEPTS CRYPTO AS DONATIONS, MAKING THEIR USE A FORCE FOR GOOD
Chicago – June 21, 2022: Nonprofit organization Women Entrepreneurs Grow Global (wegg®) announced today that it is now accepting cryptocurrencies as charitable gifts.
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