Khaby Lame, the wordless comedian known for his witty, reaction-based TikTok videos, remains the platform’s most-followed creator with an impressive 163 million fans. As he continues to entertain and connect with audiences globally, Lame’s massive influence is now a powerful force in the creator economy—a sector worth $250 billion and expected to nearly double to $500 billion by 2027. TikTok’s Top Creator Holds Strong Amid Growing Competition Despite intense competition, Lame has maintained his position at the top, a feat that speaks to the universal appeal of his content. While
BBG Ventures, the New York-based venture capital firm known for supporting female founders, has raised a new $60 million fund. Co-founders Susan Lyne and Nisha Dua, who launched BBG Ventures in 2014 with a vision of investing in women-led startups, announced that the fund’s focus now includes founders from diverse backgrounds across race, income, and age. Meeting Market Needs in a Challenging Economy Amid a significant decline in venture funding for underrepresented groups, BBG Ventures’ decision to diversify its founder support comes at a critical time. In the first half
Female Founders Fund (FFF), an early-stage investment firm focused on female-founded startups, has successfully returned its first fund, a $5.85 million investment launched in 2014. This milestone positions FFF as one of the few diversity-focused funds to achieve full returns on an inaugural fund. FFF’s Early Vision Yields Strong Returns Founded by Anu Duggal, Female Founders Fund’s initial mission was clear: support female founders at a time when few investors prioritized women-led businesses. FFF’s portfolio includes investments in now-prominent companies like Maven, a healthcare unicorn focused on women’s and family
FanDuel, North America’s online gaming company, announced a $1 million donation to the United Negro College Fund (UNCF) to support students at 11 Historically Black Colleges and Universities (HBCUs) across North Carolina. The funding is aimed at alleviating financial pressures for these students by covering essential needs, including technology, housing, food security, and tuition costs, through UNCF’s Emergency Student Aid program. Supporting Educational Access and Equity The donation ceremony took place on September 29 at Charlotte’s Bank of America Stadium, where representatives from FanDuel and UNCF gathered to mark the
While debates over diversity policies in corporate America intensify, new data shows that white male CEOs have been among the biggest financial beneficiaries of these initiatives. Farient Advisors, a compensation consulting firm, reports that 28 CEOs received diversity-linked bonuses last year, with white men making up the majority of recipients. Collectively, these executives earned nearly $5 million for achieving diversity, equity, and inclusion (DEI) goals. Top CEOs See Six-Figure Diversity Payouts American Airlines CEO Robert Isom topped the list with a $520,000 bonus tied to the airline’s DEI targets. He
Soul of America, the first Black-owned travel website, marks its 30th anniversary with a mission to empower Black travelers through guides to cities rich in Black culture, history, and businesses. Founded by Thomas Dorsey in 1994, the platform offers travel resources spanning over 150 destinations in the U.S. and abroad, curated to help travelers explore destinations that celebrate and preserve Black heritage. For this milestone, Dorsey and his team have refreshed their popular US City and international travel guides. 30 Years of Building a Legacy in Black Travel Soul of
Three-time Grammy Award winner Megan Thee Stallion is suing YouTuber and social media personality Milagro Gramz, alleging cyberbullying and false claims surrounding the high-profile shooting case involving Megan and rapper Tory Lanez. According to Billboard, the lawsuit, filed by Megan’s legal team on Wednesday, accuses Gramz of being a “mouthpiece and puppet” for Lanez. Megan’s legal counsel, the firm Quinn Emanuel, is demanding an end to what they call a “campaign of harassment.” Accusations of Spreading Misinformation and Invasion of Privacy According to the lawsuit, Gramz, whose real name is
Moniepoint, a Nigeria-based fintech company, has successfully raised $110 million in a Series C funding round. This raise gives the company a valuation of at least $1 billion for the first time, according to the Financial Times. The financing was led by Development Partners International’s African Development Partners III (ADP III) fund, with participation from investors such as Google’s Africa Investment Fund, Verod Capital, and Lightrock. Strategic Focus on Business Banking and Financial Access Founded in 2015 by Tosin Eniolorunda and Felix Ike, Moniepoint originally launched as TeamApt. The company
Fashion tech startup Aesthetic has unveiled its AI platform, Alma, which promises to transform social media shopping by enabling users to identify and purchase clothing directly from social media posts. Often described as a “Shazam for clothes,” Alma uses proprietary AI to analyze visuals and offer direct shopping links, allowing users to easily browse and buy items featured on Instagram and, soon, TikTok. Aesthetic’s New Social Commerce Tool Gains Early Momentum Aesthetic’s launch follows a beta phase, during which Alma drew over 80,000 users to its waitlist. The AI concierge,
MaC Venture Capital, a venture capital firm known for its focus on seed-stage investments, has successfully raised $150 million for its third fund, as first reported by Fortune. This latest fundraising round brings the firm’s total assets under management to $600 million, a remarkable achievement for the five-year-old firm founded by Marlon Nichols, Adrian Fenty, and Mike Palank. Strategic Growth and Investment Focus The infusion of $150 million allows MaC to increase its initial investment size to $2-3 million per startup, up from its previous average of $1.5 million in
