Why Vawe is banking on small business
At Vawe, we live and breathe small business, and have a unique connection to entrepreneurs. From high fees to outdated business banking, we see their financial challenges every single day. And while there’s plenty of talk about the importance of small businesses, they rarely get the support they deserve.
Businesses with fewer than five employees make up a staggering 92% of U.S. businesses. Yet, while fintech innovation for consumers is growing at an incredible pace, smaller businesses don’t get the same level of attention. Big banks choose to put their investments towards either large businesses or consumer products where there is potential for larger returns. In this, we see a tremendous opportunity to focus on the small businesses others overlook.