Loop partners with Canadian Women in Food to support women-owned businesses with cross-border banking

Loop partners with Canadian Women in Food to support women-owned businesses with cross-border banking

Loop and CWIF share a common mission to support the growth of women entrepreneurs with access to best-in-class tools, resources and capital.

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Canadian Women in Food (CWIF), a national association to help amplify the voices of female food entrepreneurs and to promote a more inclusive space for all women in food, has partnered with Loop, the banking platform for Canadian businesses, to help their members’ boost their margins and accelerate their growth.

Through the partnership, CWIF’s members will gain direct access to Loop’s banking platform and receive exclusive offers that are crafted for CWIF members. CWIF members who join Loop will also have access to Loop’s suite of products and services that are built for Canadian businesses who do business in Canada, the United States and around the world. These products include:

  • Multi-currency corporate cards that eliminate FX fees, extend cashflow with up to 55 days of interest free spending and dynamically scaling credit limits
  • Free global payments to make sending money around the world via EFT, ACH and Wire fast and seamless
  • The ability to do currency conversion at much better rates than traditional providers
  • Local account details in the US to make it easy to receive funds from customers, payment providers or marketplaces in the US
  • Capital to support food businesses via purchase order financing, invoice financing and inventory financing

CWIF and Loop share a common mission to support the growth of women entrepreneurs with access to best-in-class tools, resources and capital. Traditionally, these tools, resources and knowledge were previously reserved for large companies but with organizations like CWIF and Loop, women food entrepreneurs can now accelerate their path to growth just like bigger businesses.

"We’re fortunate that Loop recognizes the financial priorities of entrepreneurial women, which are often more focused on long-term business stability and sustainable growth." said Cheryl Appleton,  Canadian Women in Food, Founder.  "Understanding how women value money, and then meeting them in the place where they are, as Loop has done, is groundbreaking."

"Over the years of working with female entrepreneurs, we’ve heard too many stories about how challenging it can be for them to access capital and other products from traditional channels — we’re focused on eliminating those barriers and ensuring they have the financial tools to succeed," said Cato Pastoll, Loop CEO. "Through this partnership we're giving members of Canadian Women in Food access to powerful financial products in order to help them continue to build their successful brands."

About Canadian Women in Food

Canadian Women in Food was founded in 2014, as a national association to help amplify the voices of female food entrepreneurs and to promote a more inclusive space for all women in food.  

Canadian Women in Food helps promote women-owned businesses; to cultivate the positive energy that comes from women supporting women; and to stir up the spirit of female food entrepreneurs by creating opportunities for economic growth.

Website: www.canadianwomeninfood.ca 

About Loop

Loop is a cross-border banking platform for Canadian businesses who need banking services in Canada, the United States and around the world. Loop offers a number of products in one easy to use experience, eliminating the need to use multiple services or incur unnecessary FX costs, which saves entrepreneurs time and money. Products Loop offers are built specifically for Canadian businesses and include multi-currency corporate cards with the longest grace period of any corporate card, no-fee global payments, capital and no-fee US accounts with local banking details. 

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