The Work Index by Flexa

Honeycomb Credit

Honeycomb Credit is a platform that allows local businesses to crowdfund their growth through equity and debt offerings, while also providing investors the opportunity to support their local communities.

https://www.honeycombcredit.com/
5.1

/10

Transparency ranking

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Description

Honeycomb Credit is an online investment crowdfunding platform that helps local businesses raise capital from their fans and communities. The company aims to make accessing capital easier for entrepreneurs, especially those from underrepresented communities who might face challenges obtaining traditional loans. By connecting businesses with a network of investors, Honeycomb helps businesses build stronger relationships with their customers while also offering everyday people an opportunity to invest in local businesses and potentially earn a return.

Honeycomb Credit is headquartered in Pittsburgh, Pennsylvania, and has helped over 200 businesses raise capital since its inception in 2017. The company is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) to ensure investor protection and compliance with Title III of the JOBS Act, which established the framework for Regulation Crowdfunding. Honeycomb Credit is often recognized for its commitment to social impact, supporting women-owned, minority-owned, and businesses located in low-to-moderate income communities.

Mission

Honeycomb Credit is a crowdfunding platform that aims to unlock growth opportunities for small businesses while fostering vibrant, financially empowered communities. They connect local businesses with investors, allowing them to access funding, build community buy-in, and share their success stories. Honeycomb works to empower local businesses and help them thrive, while simultaneously creating a network of engaged investors who support their neighborhoods.

Disruptor
Social impact led
Soonicorn

Culture

Honeycomb Credit champions a culture that values community, collaboration, and a dedication to the success of local businesses. They prioritize honesty, hard work, and a willingness to take action, fostering a team-oriented environment where everyone is encouraged to contribute and learn. Their focus on supporting underrepresented business owners and fostering economic empowerment within communities underscores a commitment to inclusivity and a belief that supporting local businesses creates a more vibrant and equitable society.

Collaborative
Engaging
Entrepreneurial
People-first
Supportive

DE&I

Honeycomb Credit prioritizes diversity, equity, and inclusion within its own organization and through its platform. It works to promote access to funding for underrepresented business owners, specifically highlighting women-owned, minority-owned, and veteran-owned businesses. They also have a dedicated Loan Participation Fund that partners with foundations to provide targeted investments in Black-owned businesses and those in underserved communities, helping to bridge the funding gap and support equitable growth for all.

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