AMP Deploys Over $5 Million on Test Runs for Its Platform

January 28 00:39 2022
AMP is an American company dedicated to empowering entrepreneurs and SMEs across the US and Latin America. The brand has launched a platform where its clients can seamlessly discover the right investors, loans, and alternative funding opportunities.

According to a study conducted by Stanford Institute for Economic Policy Research, just 1% of Black-owned businesses obtained loans they applied for in the first year of operation, compared with 7% success among white-owned companies.

The vast majority of minority-owned businesses lack equitable access to capital, frequently resulting in a limited capacity to sell their products and services on the internet. AMP, a US-based company focused on social impact and empowerment, offers a solution for underrepresented entrepreneurs seeking to build businesses online.

AMP has designed an innovative platform that matches entrepreneurs and business owners with investors, loan providers, and alternative financing solutions. AMP has allocated over $5 million to underrepresented business owners in early tests of the platform, and ensured its functionalities, accessibility, and deliverability offer consistent results. The brand is committed to educating and equipping entrepreneurs and businesses with resources that help them succeed online. 

AMP was co-founded by Daniel Taylor, a Brown University graduate, Stanford StartX alumni, and former professional soccer player. Prior to his role as CEO at AMP, Daniel co-founded AskTipster, a social data ad-tech startup that was acquired by Flowcode in 2019. He is joined by co-founder William Hayden, a former executive at IPG.

According to the company’s co-founder and CEO, AMP’s mission is to inspire action, provide transparent services, and promote diversity through its growing community.

“AMP ensures equitable opportunities and representation. Our ambition drives us to raise the bar and create opportunities for our customers while we break glass ceilings and remove barriers to success. Ultimately, we believe the future of work is entrepreneurship, and our goal is to ensure that.”

The core elements of AMP’s platform push beyond its peers and contemporaries through a focus on adequate representation, effective financing options, and a clear path to online business success. The company aims to be the vehicle that creates equitable opportunities for diverse entrepreneurship to thrive in the current market, while it drives robust investing opportunities for capital deployers.

Already proven to meet its goal, AMP’s platform has proven invaluable to Black-owned businesses.

“AMP has been a great resource for determining short and long-term goals for our business,” said Brianna Wise, co-founder and CEO of Black Apothecary Office. “We’ve also been connected to resources to help push our business to the next phase and capital to make it possible.”

AMP’s current focus is to connect with funding providers seeking to support digital businesses and entrepreneurs to join a growing community built on the pillars of transparency, mutual empowerment, and the unbridled entrepreneurial spirit.

AMP has merged with the LatAM startup Rondah and welcomed Ignacio Semerene, the former Chief of Staff at UK-based fintech unicorn Monzo, as co-founder. The move, executed in 2021, allows AMP to scale its capital deployment and entrepreneur support capabilities to start 2022 with new and existing revenue and growth opportunities.

More information about AMP’s platform and services is available on the company’s official website.

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Company Name: AMP
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Country: United States