A new phone app is hoping to help close the racial wealth gap by empowering Black investors and helping build generational wealth. Trevor Rozier-Byrd, founder and CEO of Stackwell Capital, an early-stage startup on a mission to empower a new community of Black investors—specifically Black millennials and Gen Z, is ready for 2022. Launched early this year, the app combines pre-built portfolios based on risk, educational resources and behavioral nudges in order to address the pervasive underinvestment and unbanking of Black people in the US. It intends to drive black
Melisa Ellis , a University of Toronto graduate and founder of the non-profit social and technology enterprise Nobellum, is joining forces with the school to help launch at least 100 Black-owned start-ups by 2025. “I know first-hand what it’s like to be the only Black person working at a tech company,” says Ellis, whose mission to empower underrepresented students in entrepreneurship and STEM subjects also aims to uplift the Black business community at large. “When you’re in the market to hire Black talent or give business to Black vendors, you realize there aren’t
As its latest diversity report shows, Netflix has made more progress in regards to diversity and inclusion, and according to the report, as of last year, more than half of the Los Gatos company’s global workforce and more than half of its leadership was female. Meanwhile, nearly 11% of its US workforce is Black and about 9% is Hispanic or Latinx — proportions that are significantly higher than those at many other tech companies. All those figures rose significantly in 2021 from the year before, according to the report, and
Although women make up half the workforce in the US STEM—science, technology, engineering, and mathematics – sector, they occupy just 27% of STEM jobs, according to the United States Census Bureau. These stats have led OLAY to launch #FacetheSTEMgap campaign. The social initiative, which debuted in 2020, aims to help double the number of women and triple the number of women of color working in STEM by 2030. To champion this cause, OLAY is highlighting four remarkable women including Dr. Raven Baxter, who is paving the way for a brighter future for
Intuit is hiring on pocitjobs.com Maria Martinez has been working at Intuit as a software engineer for 4 years, her first job out of college after graduating in 2017. She currently lives in San Francisco, California. In this article, she tells us how she got into tech as an undocumented student, and how Intuit helped her thrive in her career with good management practices and employee resource groups. Hey Maria, Can You Tell Us What You Do at Intuit? I am a front-end engineer―I work on web user interface and
The AMPED Russell Technology Business Incubator has named the 35 companies and founders selected for its 2022 cohort. It’s the second year for the program, which was developed to support and scale Black- and LatinX-owned businesses. The first cohort, which included 30 businesses, will graduate from the year-long program on Thursday, February 24. Initially, the program was only planning to accept 20 businesses, but after interviewing 100 applicants, it opted to increase that threshold to 34 businesses. The incubator pairs its participants with business coaches: Jocari Beattie, founder of JoBe
According to sources who spoke to the ‘Rest of World‘ and compiled salary data, demand for tech talent is skyrocketing, but supply remains relatively scarce, fuelling fierce competition between startups and established tech companies. The publication’s report comes after research we published several weeks ago showed that over the past five years, tech and science jobs in the United States have outnumbered qualified workers by roughly 3 million. And according to the recent study we quoted – the next decade could see a global shortage of more than 85 million
Maci Peterson – who has sent her share of accidental text messages — tried to put end to the embarrassing-text-epidemic with the long-adored app she launched when she was just 28-years-old. Peterson launched On Second Thought back in December 2014 as a texting app that allows users to “take back” a text up to 60 seconds after it was sent before it reaches the receiver. It grew with 42,000 users. Called “The Texting Savior” by AT&T, On Second Thought was reportedly a patented, mobile delay/recall technology that lets users take back
The Black Angel Group is a collective of angel investors from Google and Alphabet that invests intellectual, social, and financial capital in seed to Series A startups around the world. Black people continue to be underrepresented among startup investors and founders. According to Crunchbase, Black founders received little over 1% of the $147 billion invested in US startups in 2021. In the UK, about 3% of London-based founders who received venture capital funding identified as Black, according to a 2019 study from Cornerstone Partners. The group aims to be part of the
Kiaan Pillay runs Stitch, which offers a B2B application programming interface (API) focused on fintech infrastructure. The founder has announced that Stitch — one of the prominent players building and operating these APIs in Africa — has raised $21 million in Series A funding. The South African API fintech enables businesses to build, optimize, and scale financial products. With its API, developers can connect apps to financial accounts. This allows users to share their transaction history and balances, confirm their identities and initiate payment Per a statement released by the company, it plans
