CNote
CNote helps institutions invest capital into underserved communities, creating jobs, funding BIPOC-owned small businesses, and supporting affordable housing. As a women-led certified B-Corporation, CNote partners with community lenders to foster economic and racial justice through impactful deposit programs and technology-driven solutions.
Company Overview
CNote helps institutions invest capital into underserved communities at scale. As a women-led, certified B-Corporation, CNote uses technology to foster greater economic and racial justice through strategic investments. It partners with federally-certified community lenders to direct funds into impactful programs like affordable housing, BIPOC-owned small businesses, and job creation.
Impactful Programs
CNote offers impactful deposit programs that create jobs, fund BIPOC-owned small businesses, and support affordable housing development. Notable programs include the Impact Cash program, which is FDIC or NCUA insured, the Flagship Fund providing a 4.00% return while supporting community development, and the Wisdom Fund, which increases capital access for women entrepreneurs of color.
Community Partnerships
CNote collaborates with a nationwide network of community partners to deploy capital aimed at helping underserved communities. Deposits from prominent institutional partners like Mastercard and Netflix fund small business loans for women of color entrepreneurs. These partnerships are crucial in covering all 50 states and allowing for targeted geographic investments.
Investment Impact
CNote has enabled the deployment of over $100M in investments and deposits into financially underserved communities. This effort has resulted in the creation or maintenance of over 4,000 jobs, with over 50% of capital invested in BIPOC-led small businesses and over 40% in women-led small businesses—eight times the national average. The company has reported zero losses since inception and provides rich impact data and stories for stakeholder communication.
Awards and Recognition
CNote is a recognized Certified B Corporation and has earned 'Best for the World' honors from B Lab. It has also been named 'Best Women-Owned Business' by the United Nations’ Women’s Empowerment Principles program. These accolades highlight CNote's commitment to social impact and its leadership in the field of impact investing.