Greenwood, the digital banking platform for Black and Latino individuals, has launched their new app, Greenwood Invest. Greenwood is a financial technology company used through a mobile platform inspired by the early 1900s Greenwood District, where the recirculation of Black wealth occurred all day. According to recent reports, Black households held just 4% of total household wealth in the US in 2020 despite making up over 13% of the population. Additionally, only 33% of Black households and 24% of Hispanic households owned stocks or exchange-traded funds (ETFs) compared to 61% of white households.
This article was first published by Joseph Micheal on Medium. Getting started with product design is a bit difficult at the beginning, like any other profession. It demands your passion, commitment, and consistency. But once you get your foot in the door, you will start seeing things more clearly than ever. Obviously, you’ll need to keep yourself updated with the ever-evolving industry, but by then, you would have mastered the art of learning. What is Product Design? Product design is the process of identifying real people with real problems and
Fuse Media has turned to AI dubbing for a Spanish-language version of its FAST channel Backstage. Fuse Media is a Latino-owned, global entertainment company, leading in the creation and distribution of inclusive, purpose-driven stories and experiences for and with culturally diverse young adults. Some of the shows have won awards such as the Peabody, Emmys, Critics Choice, and Candian Screen Awards as well as their diversity awards from NAACP, Imagen, GLAAD, the Gracies, and NAMIC. The Latino-owned platform has now teamed with UK-based AI dubbing company Papercup to launch Backstage
Media and ad tech company Hero Media has launched the first-ever machine learning-powered, Black-owned demand-side platform (DSP). DSPs are automated ad-buying platforms where advertisers and agencies go to purchase digital ad inventory. Hero One, powered by AdTheorent, enables advertisers to leverage AI and machine learning to put brand messages in front of the right consumer at the right time in a contextually relevant way. Is Advertising Representative? While 2021 witnessed a surge in diversity and inclusion efforts, momentum seemingly dwindled the following year. In 2022, the advertising sector remained largely white-dominated, comprising 64.63% white professionals. Platforms
Black-owned fintech startup Mozaic has raised a $20 million Series A round to make it easier for creators to split payments with each other and get paid for their work. Helping creators get paid Marcus Cobb, CEO, and Rachel Knepp, SVP of Growth, founded Mozaic (previously Jammber) in 2015. The platform initially aimed to make it easy to handle different parts of the music business from your mobile phone – from songwriting credits and rights to ticketing and touring. However, Mozaic decided to pivot away from the B2B side of
Albantsho, the first screenwriting tool created by African screenwriters for African screenwriters, has launched its first feature – The Scriptwriter. Albantsho Julie Ako and Nikita Mokgware from Nigeria and Botswana founded Albantsho in 2020. Their goal is to showcase the potential of African storytelling, foster authentic content representative of Africa, and empower creatives. With growing global investment in motion pictures in Africa, a higher demand is placed on authentic stories from diverse voices. Albantsho is a movement, and they’ve charged themselves with finding bold new narratives of Africa by Africans
Every year, Forbes releases their long-awaited list of young innovators shaping today’s world. This year marks Forbes 30 Under 30’s 13th annual list of entrepreneurs. The list featured a handful of Black people innovating in tech, from tackling toxic language online to working on the first crewed space mission to Mars. So, let’s meet some of them. Tony Morino, Co-Founder of Wiseday Morino co-founded Wiseday in 2021 to help Canadian homeowners get the best and cheapest mortgage rates. Morina co-founded the company with his friends and long-time acquaintances in 2021
Pika, the company redesigning the entire video-making and editing experience with AI, is making its public debut. The launch comes alongside the announcement of its $35 million Series A round led by Lightspeed Venture Partners. “Our vision for Pika is to enable everyone to be the director of their own stories and to bring out the creator in each of us,” stated the company in a blog post. “Today, we reached a milestone that brings us closer to our vision.” An Idea-to-video platform Founded by Demi Guo, CEO, and Chenlin Meng,
Blockchain research and development lab Polytope Labs aims to transform Africans from consumers to creators in the blockchain space. Founded by Nigerian engineers Seun Lanlege and David Salami, Polytope Labs’ first product is Hyperbridge, a cross-chain protocol designed to facilitate secure communication between blockchains. Africa’s Crypto Adoption and Consumption African countries have some of the highest rates of grassroots crypto adoption among everyday people. However, the continent has mostly been a consumer rather than a builder of blockchain technology. Lanlege drew on his experience of helping to build the Ethereum and Polkadot networks to establish Polytope Labs with David
Vanessa Kingori OBE, chief business officer at Condé Nast Britain and Vogue European business advisor, is set to leave the media giant to join Google in 2024. Among her many accolades, the Kenya-born media mogul was the first Black publisher for Condé Nast Britain and the first woman publishing director in British Vogue’s 105-year history. Top role at Google Her new position as Managing Director of Tech, Media, and Telecoms at Google marks a strategic shift for the accomplished executive. She forms part of a trio of female senior executive hires. “We
