Toro Taxes and Trez, two Latine-owned companies, have formed a strategic partnership to better deliver their services to Latine entrepreneurs across the U.S. The Partnership The Latine market represents nearly 19% of the country’s population and continues to be the fastest-growing demographic in the US. Toro Taxes, the largest Hispanic tax preparation and business services franchise in the U.S., operates over 200 locations nationwide. Trez, a specialized payroll and benefits platform designed for the Latine community, will serve as the primary platform for onboarding the Toro Taxes’ clients onto the
Black-owned AI analytics platform AI Squared has announced a $13.8 million Series A funding round led by Ansa Capital with participation from Latimer Ventures, NEA and Ridgeline. AI Squared As investments in AI increase, data science teams in businesses and governments are looking to implement AI models that can utilize more value from their data to improve decision-making. AI Squared, founded in 2019 by Benjamin Harvey, PhD, helps organizations deliver data and AI insights into their business applications. The company estimates that up to 90% of AI models enterprises develop do not make it
A national program, The Hidden Genius Project, teaches technology and entrepreneurship to young Black men in Chicago and around the US. The Hidden Genius Project The project was founded in 2012 by five Black male entrepreneurs and technologists who had noticed the high unemployment of Black male youth and the large number of careers in tech. To address the challenge, they created a program to connect young Black males with the skills, mentors and experiences needed to become high-performing entrepreneurs and technologists. “The hidden genius project trains and mentors Black male youth in
Cincinnati woman Azizah Nubia created Cincy Black Travel Guide to connect visitors with cultural events and Black businesses in the area. After attending Black Tech Week during its run in the Tri-State area, Nubia noticed other people of color weren’t familiar with Cincinnati’s Black community’s annual events and activities. This sparked her idea to create a platform in July 2023, to make it easier for travellers to find and enjoy what Black people had to offer in the city. Cincy’s Black Travel Guide Cincy’s Black Travel Guide is a digital tool accessed via the website or
Large U.S. employers are 9.5% more likely to contact candidates with names that suggested they were white than those presumed to be Black, a new study has revealed. Uncovering Systematic Bias In a study by leading economists Evan Rose, Patrick Kline and Christopher Walters, approximately 80,000 fabricated résumés were sent out 10,000 jobs at 97 of the largest companies in the U.S. The experiment explored racial and gender biases by alternating names on résumés to imply different ethnicities and genders—such as Latisha or Amy (suggesting Black or white women) and Lamar or
Digital health startup Acclinate has partnered with Quilt.AI to enhance its Black maternal health initiatives through AI and cultural understanding. Increasing Culturally Competent Healthcare Professionals Black women in the U.S. are three times more likely to die from a pregnancy-related cause than white women. Acclinate is a digital health startup focused on improving health equity through technology and community engagement, particularly within communities of color. Thanks to Acclinate’s NOWINCLUDED community platform, significant strides have been made in understanding the healthcare needs of Black mothers over the past year. Data from the Mommy Listening
UrbanGeekz, the digital news platform, has announced a content syndication deal with Moovn, a Black-owned ride-hailing service. The collaboration marks the first time a Black-owned news platform has partnered with a ridesharing app to distribute media directly to passengers. Redefining Passenger Experience Embedded within the Moovn app, the content from UrbanGeekz will be accessible to passengers as they travel, transforming ride time into an engaging opportunity for consuming news, feature stories, and videos. “I’ve always been someone who thinks outside the box,” said UrbanGeekz founder and CEO Kunbi Tinuoye. “For years, I’ve had this
HyperionDev, a leading South African startup, has raised R95 million (approximately $5 million) to expand tech education. This latest financial infusion is part of a broader R595 million ($31.1 million) investment to accelerate the company’s expansion within South Africa and internationally, particularly in the United Kingdom. Strategic Expansion and Educational Innovation With the new capital, HyperionDev plans to broaden its reach by entering new markets and increasing tech education accessibility across its platforms. A portion of the funds will also support the expansion of the HyperionDev Academy and its scholarship programs. “This
Gran Coramino Tequila, the premium tequila brand co-founded by Kevin Hart and Juan Domingo Beckmann, has disbursed over $1 million in grants to Black and Latine entrepreneurs across the United States to date. The Coramino Fund Since its inception in 2022, Gran Coramino has dedicated a portion of its sales to the betterment of underrepresented business owners, committing $1 from every bottle sold to this cause. The Coramino Fund, established in partnership with the Local Initiatives Support Corporation (LISC), has now dispersed over $1 million in grants. This funding has reached over 100
PROPEL has announced the establishment of the PROPEL HBCU Cybersecurity Consortium (HCC), in partnership with Southern Company, Led by Dr Lisa Herring, the former superintendent of Atlanta Public Schools, PROPEL is a first-of-its-kind innovation hub for Historically Black Colleges and Universities (HBCUs). Strengthening Industry-Academia Collaboration PROPEL’s new HCC incorporates four key elements: a resource hub, professional development programs, accelerated learning opportunities, and a workforce pipeline. By providing HBCU students and faculty with access to the latest industry trends, technologies, and real-world projects, the consortium aims to create an educational environment that
