Dating App Bumble Provides Small-Business Cash Faster Than U.S.

While lawmakers in nearby Capitol Hill were hashing out America’s biggest economic rescue plan, restaurant owner Simone Jacobson saw her bills piling up fast. She was already in debt and had no savings. So she turned to dating app Bumble.

Not to find a date, but to get financing.

After laying off her staff last month, Jacobson said she had about $20,000 in monthly costs such as property taxes, security systems and pest control. So, on March 25 she applied for one of the $5,000 grants that Bumble was offering women-run small businesses. Two weeks later, Jacobson got the cash. She ...