After opening a pop-up in Westfield London last year, Black Pound Day is now set to open a permanent store in the shopping center. Black Pound Day founder, Swiss of So Solid Crew, announced the opening of the permanent store on social media. “This is an absolute special one for us because we are proud to officially say, we have signed a permanent lease to trade at Westfield London, the biggest shopping center in Europe, and we couldn’t have done it without You!!!!” Swiss wrote. The launch of the pop-up
Black-owned tech firm Better Life Technologies Group, Inc. has been awarded a patent for its wristband smartwatch used for non-invasive detection of glucose and pathogens, including COVID-19. It may have applications for non-invasive cancer detection, according to Black News but POCIT cannot yet confirm this. The glucose diagnostic system will reportedly be able to be worn like a watch and help detect early stages of cancer, and symptoms of diabetes, electrolytes, and much more. “A lot of times, the venture capitalists and angel investors look the direction that everyone is going.
Michael Broughton and Ayush Jain came up with the idea of helping people build credit through recurring payment forms such as digital subscriptions to Netflix, Spotify, and Hulu. It was in December 2019, that they started Altro and began brainstorming how to build out a platform that finds a person’s recurring transactions and connects them to a trade line that reports to all three credit bureaus. A trade line is a line of data that goes directly into a bureau’s system that affects a person’s FICO score, which is used for underwriting.
Recent YC graduate Topship has raised a $2.5 million seed round months after concluding the recent YC winter batch with Flexport as its lead investor. Other backers include Y Combinator, Soma Capital, Starling Ventures, Olive Tree Capital, Capital X and True Capital. The individual investors in the round include Immad Akhund, Mercury CEO and Arash Ferdowsi, co-founder of Dropbox. Topship is considered a borderline local and international shipping solution between digital freight and e-commerce fulfillment. It was founded in 2020 during the pandemic when co-founder and CEO Moses Enenwali reportedly noticed a surge in merchants’ needs for
Precious Drews’ personal story is one of perseverance and passion. She’s the second youngest of eight children and first became an entrepreneur in middle school – making YouTube videos for her favorite artists in exchange for easy money. Although she didn’t consider herself an entrepreneur – anyone that hears her story can be quick to identify her as a natural-born leader. She was also the first in her family to go to college and later start her own small business – a natural skin care line that uses recycled coffee
Cryptocurrency has created wealth and opportunity – with a generous dash of controversy – for millions around the globe but for Himanshu Kumar, a college drop-out from the Indian city of Bengaluru, Crypto has been the thing that has made his dreams become a reality. Today he runs AMB Crypto, a global media company that serves digestible, unbiased cryptocurrency news to traders, enthusiasts, and entrepreneurs, with Jeevan Thomas. The duo now employs 15 graduate journalists, has a newsletter with thousands of subscribers, and over 3 million visitors to the website every month, according to
Identitypass today announced that it has raised $2.8 million in seed funding, months after graduating from Y Combinator. The round also comes a few months after the startup raised $360,000 in pre-seed investment last November, bringing its total funding to $3.1 million. The startup, launched in 2021, is focused on making it possible for digital businesses in Africa to easily verify their customers within seconds. It’s a simple compliance and data security platform that allows online businesses to easily verify and confirm a transacting party’s identity using existing forms of identification. Identitypass
StockX has appointed Damien Hooper-Campbell as its first-ever chief impact officer and this is the first time the streetwear resale marketplace has brought diversity and inclusion strategy to the C-suite. The newly created role comes as the streetwear resale marketplace expands its diversity, inclusion, and social impact efforts. A significant component of his work will reportedly include managing how the company thinks about sourcing and hiring and how StockX approaches community partnerships and investments. Hooper-Campbell has over 20 years of experience leading culture, community, and social impact, primarily at companies
The face of female entrepreneurship overall is becoming less white. Black women represent 42% of new women-owned businesses—three times their share of the female population—and 36% of all Black-owned employer businesses. Majority Black women-owned firms grew 67% from 2007 to 2012, compared to 27% for all women, and 50% from 2014 to 2019, representing the highest growth rate of any female demographic during that time frame. But there are deep inequities in access to the financial resources needed to create businesses that become sustainable, which is widely recognized as past the five-year mark which is why
After winning $1.3 million in scholarships himself, Christopher Gray founded Scholly, an app that helps students easily find scholarships for college. Scholly was featured on ABC’s Shark Tank, landing a deal with Daymond John and Lori Greiner and sparking the biggest fight in Shark Tank history. Scholly has over 4 million users and has helped students raise over 100 million dollars. It was first launched in 2015 with the simple goal of matching students with available scholarships: Input your age, interests, and other demographic information and Scholly would find potential fits. The idea,
