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Startups

Black Girls Code has partnered with RiseUp with ServiceNow to launch a three-year initiative redefining career paths within New York City’s workforce.  The collaboration was highlighted in a panel discussion featuring Cristina Jones, CEO of Black Girls Code, and Selina Suarez, Global Head of NextGen at ServiceNow. RiseUp with ServiceNow represents a global talent movement to train one million individuals on the ServiceNow Platform.  The primary focus is to uncover untapped talent in NYC, paving the way for professional and career development opportunities. Building the next generation of tech leaders Black Girls Code is partnering with ServiceNow to help

Serena Williams, a legendary tennis champion, is making her mark in the tech investment world with her venture capital fund, Serena Ventures. Serena Ventures Following her retirement in September 2022, Williams has focused on the investment sector.  With over 14 years of investment experience, she established Serena Ventures in 2014, a venture capital fund to empower women and underrepresented founders. This strategic move was born from Williams’ observation of the glaring lack of venture capital flowing toward specific demographics.  As highlighted on its website, her venture proudly supports a diverse array of

Nourish + Bloom, the first Black-owned autonomous grocery store in the US, is reshaping how communities access fresh food after Shark Tank investors declined them. Founded by Jilea and Jamie Hemmings in 2022, Nourish + Bloom aims to reduce the nation’s food deserts, making eating healthy and convenient. Nourish + Bloom Nourish + Bloom is reportedly the first 100% AI-powered supermarket to be open for business 24/7.  The store currently offers a range of essentials, from produce to toiletries, and a deli for prepared foods.  However, unlike traditional stores, Nourish + Bloom operates

Frontline Doulas has launched the California Black Doula Directory, a resource designed to connect Black families across Los Angeles County with culturally aligned doula services at no cost. Founded in 2019 by Dr. Sayida Peprah-Wilson and Khefri Riley, community-based doulas and champions for Black maternal health, Frontline Doulas is at the forefront of preventative perinatal care in Southern California. “We want to ensure all birthing families find the care they need and deserve, with mutual respect and cultural alignment,” Riley said, according to Black Voice News. The California Black Doula Directory The introduction of this directory comes at

Nigerian startup Thepeer, which gained prominence for its API-based payment solutions, has announced its closure just three years after its inception.  Thepeer went from securing $2.1 million in seed funding led by Raba Partnership, with participation from Rali_cap Ventures, BYLD, and fintech giants like Chipper Cash and Stitch, to its unexpected shutdown recently announced. “We embarked on a mission to create something unprecedented, a unique method for transferring money between digital wallets and making payments for goods and services directly from these wallets,” the founders said in a statement. “Yet, we soon realized that exceptional

HERide, a rideshare platform focused on women’s safety, has become the first Black-owned company to secure a contract with Hartsfield-Jackson Atlanta International Airport.  Co-founded in 2019 by Jillian Anderson and DeVynne Starks, HERide conducts thorough background checks on drivers and integrates in-ride security features to ensure passenger safety.  Focused on women’s safety Anderson’s experience as a rideshare driver highlighted many women’s discomfort using traditional services like Uber and Lyft, especially at night. “There were a lot of women that were hesitant with riding with men at night using Uber and Lyft,” Anderson told AFROTECH. “I

Visa and Mastercard are setting their sights on Africa’s fintech market. Africa’s booming fintech sector E-commerce is booming across the continent. The Wall Street Journal reports that by the end of this year, an estimated 435 million Africans are expected to shop online, a nearly twofold increase since the pandemic. However, people are less likely to make payments using cards than in other global markets, relying instead on mobile money, digital wallets, and bank transfers. Visa and Mastercard, determined to stay relevant, are pouring millions of dollars into the continent

April Fools’ Day is known for its jokes, but in the tech world, it can be challenging to tell what’s real and what’s not, even on regular days. A lot is happening in tech, from ingenious deceits to blatant scams. We’ve got stories about everything from a Black tech pro who made up a fake assistant to earn more respect to the wrong use of AI in politics and huge money tricks in the crypto world.  Here are 9 POCIT stories to check out this April Fools’ Day. 1. The

Wasoko, one of Africa’s largest B2B grocery marketplaces, has experienced a 48% markdown in its valuation.  A B2B Grocery Marketplace Founded by Daniel Yu in 2014, Nairobi-based Wasoko has grown remarkably, expanding its operations across multiple African markets. By 2023, it boasted a significant customer base, secured agreements with major suppliers, and offered competitive pricing.  TechCrunch reports that VNV Global, a Swedish investment firm, has revised Wasoko’s value to about $260 million, a 48% reduction from previous estimates, according to its annual report for 2023. This revision coincides with Wasoko’s planned merger

Amazon Web Services (AWS), a leading cloud computing platform, is expandng its reach in South Africa’s tech landscape through its Equity Equivalent Investment Program (EEIP).  The 18-24 month enablement and acceleration program supports South African Black-owned small and medium enterprises (SMEs) who want to build their AWS business. The EEIP, launched in 2020, has already developed 27 SMEs and is looking to expand its reach to 20 more in its 2024 cohort.  AWS targets female and youth entrepreneurs, addressing the gender gap in tech startups. “These SMEs are critical drivers of our economic future,” said Chris

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