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VC firm Fearless Fund has faced another setback in its plans to issue grants to Black women business owners as the court has ruled against them. On Monday, an appeals court for the 11th Circuit ruled against Fearless, upholding a preliminary injunction against their Strivers Grant program. The court ruling said that the grant likely violates the Civil Rights Act of 1886, which bans the use of race in contracts. What Has Happened So Far? The American Alliance for Equal Rights (AAER), founded by Edward Blum, attacked the Fearless Fund

Pinterest has announced that it is expanding its Creator Inclusion Fund to the Pinterest Inclusion Fund, allowing founders to join. Pinterest Inclusion Fund The now-called Pinterest Inclusion Fund began in 2021 to help give more opportunities to underrepresented content creators. It has now expanded as they have teamed up with Shopify’s Build Black and Build Native programs to allow small business owners who are from or who serve underrepresented backgrounds to apply for the Creator Inclusion Fund. Previously, only traditional content creators applied. “The Pinterest Inclusion Fund is focused on

Microsoft Corp. and G42, a leading artificial intelligence firm from the United Arab Emirates, have unveiled plans to build a $1 billion geothermal-powered data center in Kenya.  This project marks the initial phase of a multiyear strategy to boost cloud-computing capacity in East Africa. Harnessing Geothermal Energy for Sustainable Development The data center will be constructed in Olkaria, an area rich in geothermal resources, making it an ideal location for a sustainable energy project.  G42 will lead the initial investment and oversee the facility’s construction. In its first phase, it

Uncle Nearest is the fastest-growing American whiskey brand in history, driving a business worth $1.1 billion, according to Forbes and ISWR data. Uncle Nearest Black woman-owned distillery Uncle Nearest Premium Whiskey was launched in 2016 by Fawn Weaver and quickly ascended to global recognition. The company’s rise is a tribute to Nearest Green, the first-known African American master distiller who taught Jack Daniel the secrets of distilling. Expanding its presence to over 30,000 stores, bars, hotels, and restaurants across 12 countries, the business also has a 432-acre distillery in Shelbyville,

Latina-led fintech platform Hello Alice has announced the dismissal of lawsuit brought against it by America First Legal, which alleged its grants for Black business amounted to racial discrimination. What Happened? In October 2023, Hello Alice found itself at the center of a legal battle when America First Legal, Mitchell Law PLLC, and Ashbrook Byrne Kresge LLC filed a lawsuit alleging racial discrimination. This was due to the company’s initiative, which, in partnership with Progressive Insurance, provided $25,000 in grants to 10 Black-owned businesses. However, Hello Alice maintained its stance

Crowdaa, a French company founded by Vigile Hoareau and Jimmy Thomas, has secured €1.2 million ($1.29M)  in a seed round led by Apicap.  The company aims to make app creation accessible to non-developers, allowing them to release mobile apps quickly.  Initially focusing on music, Crowdaa expanded its services during the pandemic to cater to a broader audience, including sports teams, organizations, and political parties.  This new funding will enable Crowdaa to enhance its technology and embark on an ambitious US expansion. Innovative Solutions For Content Creators Crowdaa’s platform allows users

Félix Pago, a fast-growing fintech startup, has recently raised $15.5 million in a Series A funding round to enhance its services across Latin America and the US, according to TechCrunch. Revolutionizing Remittances With WhatsApp Félix Pago’s approach leverages WhatsApp as its main interface, with a chatbot that makes it simple to send and receive cross-border money transfers, even with a voice message. This choice is strategic, given WhatsApp’s extensive regional user base.  Users in the US initiate transactions via the WhatsApp chatbot, completing the final step by securely entering debit

NBA legend Dwyane Wade is leveraging his influence through an online community dedicated to transgender youth and their families. On Thursday, Wade received the Elevate Prize Catalyst Award at The Elevate Prize Foundation’s Make Good Famous Summit in South Florida, which comes with $250,000 in unrestricted funding.  Wade received the award in recognition of his advocacy for the transgender community and his work with the Wade Family Foundation. Following his acceptance of the award, Wade announced the launch of Translatable. Translatable: A Safe Space For Transgender Youth Translatable, funded by

In celebration of AAPI Heritage Month, it’s essential to recognize and honor the incredible contributions of Asian American and Pacific Islander (AAPI) women in the tech industry.  Their stories of resilience, creativity, and leadership inspire and underscore the vital role of diversity in fostering technological advancement.  During this special month, we have highlighted the achievements of some of these trailblazers, celebrated their contributions, and explored how they are paving the way for future generations. Reshma Saujani – Girls Who Code And Moms First Reshma Saujani is a leading activist and the

Viola Davis, journalist Joy Reid, and radio host Charlamagne Tha God are among the partners that have teamed up with The Grio founder David A. Wilson and tech leader Brandon John-Freso to launch ALTR. ATLR pronounced ‘alter’, is a personal development app tailored to the Black community.  A Collaborative Vision for Empowerment ATLR aims to provide short-form audiobooks by Black luminaries and authors. It is currently open for early access sign-ups and is scheduled for an official launch in late 2024. The development of ALTR is in collaboration with JuVee Productions, founded by Davis

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