"The bubbly but shrewd Mabinza said her work is important because most start-ups that are funded are male-led. “I wanted to break away from traditional forms of funds. Black women have a lack of access to investors ... there is a lack of inclusivity. Many venture capitalists are male and white and people usually fund people who look like themselves,” she said.
Portia Dhlamini, who is the recipient of the first fund, said it is an honour to be chosen. “Native Nylon was just in pre-seed form when this partnership was birthed, so to see everything unfold has been beautiful and I have the pleasure of working with a visionary who really has her heart set on disrupting and redefining the private equity space. My heart is full of gratitude,” she said."