A Kenyan High Court has reportedly granted the Asset Recovery Agency’s (ARA) request to drop its final lawsuit against Flutterware, a Nigerian payment company. A Re-Run Of Flutterwave To Date Flutterwave was founded in 2016 and achieved unicorn status in 2021, leaving it valued at $3 billion by February 2022. This made the company the most valuable African startup before facing several allegations and reports of the CEO Olugbenga Agboola bullying and harassing staff. There were also allegations that Agboola illegally exploited assets, participated in financial impropriety, and operated without
Online dating and networking app Bumble has announced it is replacing founder and CEO Whitney Wolfe Herd with Slack’s CEO, Lidiane Jones. Bumble was designed for women to make the first move, aiming to shift old-fashioned power dynamics and encourage equality in dating. Over the years, the company has also taken a more feminist and safety-oriented stance than its counterparts by enacting policies that crack down on ghosting and the sharing of unwanted sexual photos. Meet Lidiane Jones São Paulo-born Jones grew up in a small neighborhood in Brazil. According to
A Black birthing review app, Irth, is making its way into hospitals to improve Black families’ experiences. The Irth App Irth is a mobile app that collects and shares healthcare reviews from parents of color. The name comes from the word birth, with the ‘b’ dropped for bias. The app helps Black and brown women and birthing people have a safer and more empowered pregnancy experience by allowing users to see how other parents of color experience care from a doctor or at a hospital. The app enables Black birthing
Taiwanese American model Sheeren Wu has alleged that a fashion designer uploaded an AI-altered image of her to make her appear white. What Happened? Wu took to TikTok to explain the incident as Michael Costello, a designer who has worked with Beyonce, Jennifer Lopez, and Celine Dion, posted a photo of her to his Instagram. The image was from a recent LA fashion show, where she states she walked for Costello. However, Wu explained that although it was the black ballgown she walked the runway in, her face had been
Washington-based Zeal Capital Partners, an early-stage investment firm working to narrow the racial wealth gap, has appointed Stefanie Thomas as Managing Director. The investment firm partners with diverse management teams to further invest in financial technology and the future of work startups that heavily rely on tech to narrow the racial wealth gap. As a category-specific investment firm, Zeal focuses on education, employment pathways, financial wellness, and health equity and was founded by Nasir C. Qadree. Meet Stefanie Thomas Thomas is an early-stage impact investor with over a decade of
A survey conducted by Charter Works found that 53% of Black respondents are afraid of being replaced by AI in comparison to 39% of white respondents. The survey detailed the many possible futures for the technology, including how it can augment workers, displace workers, change the vast majority of jobs, and perpetuate biases. It can also have positives, such as identifying and removing biases, decreasing economic inequality, and being a coach for employees. Currently, one-third of organizations are applying AI across several business units, and 83% of companies consider using
Issac Hayes III’s Fanbase App Raises $4.5M In Crowdfunding Bridging The Pay Gap For Black Creators
Issac Hayes III’s social media platform Fanbase has announced its current equity crowdfunding round has crossed $4.50M. Fanbase Platform Fanbase, launched by Hayes, is a social media platform designed to enable Black creators to cultivate their audiences and monetize their contributions effectively. According to a 2021 study by The Influencer League involving US-based creators, the pay gap between white influencers and influencers of color is 29%. When narrowed further between white and Black influencers, the margin rises to 35%. Fanbase differentiates from other platforms that need brand partnerships or ad
The Colorado Division of Insurance (CDI) has adopted a new regulation to prevent life insurers that rely on models and ECDIS from engaging in race-based discrimination. Life insurance regulators have been grappling for several years with the potential risks and benefits of insurers using AI and the significant external data sources utilized by AI in underwriting. The technology used raises regulatory questions, including concerns that its use could cause unfair discrimination. Several insurance regulators have also expressed concern that external data sources used by AI and other algorithms could contribute
Aphonzo Terrell, who was laid off from Twitter last year, confirmed that his app Spill, which gained popularity within the Black community, has recently raised a $2M extension round and had celebrity investments. The Spill App Terrell and DeVaris Brown – CEO and CTO of Spill – are both former Twitter – now known as X – employees. The two met on their first day working at Twitter after noticing they were the only Black guys on their team. However, when Elon Musk bought Twitter, Terrell was laid off from
A woman with South Asian heritage claimed she couldn’t make bookings through Airbnb due to AI being unable to match two images of her, increasing the concerns surrounding AI biases. Francesca Dias from Sydney couldn’t make an account with Airbnb because she failed its AI’s identity verification process, she told a panel on ABC’s Q+A. One of the ways Airbnb confirms the identity of users is by matching a photo from the user’s government ID – a passport or driver’s license – to a selfie the customer provides. Dias claimed
