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Black Business

Every year, Forbes releases their long-awaited list of young innovators shaping today’s world. This year marks Forbes 30 Under 30’s 13th annual list of entrepreneurs. The list featured a handful of Black people innovating in tech, from tackling toxic language online to working on the first crewed space mission to Mars. So, let’s meet some of them. Tony Morino, Co-Founder of Wiseday Morino co-founded Wiseday in 2021 to help Canadian homeowners get the best and cheapest mortgage rates. Morina co-founded the company with his friends and long-time acquaintances in 2021

Kickstarter, the crowdfunding platform which brings creative projects to life by directly connecting them with their communities, has hired Sindy Wilson as their new chief financial officer (CFO). Who is Sindy Wilson? Wilson has two decades of experience as a finance executive. She previously held leadership roles at Oldcastle Infrastructure, Ernst & Young, Cox Automotive, and, most recently, Lyft as their VP of finance transformation and analytics. Throughout her two decades in finance, Wilson told Forbes she never once worked for a Black female CFO, and most of the time, it wasn’t even

Founder and CEO of market investment firm Vista Equity Partners Robert Smith has announced plans to sell Apptio – a company that helps connect technology investments to business outcomes – to IBM for $4.6 billion. Having bought the software maker for $1.9 billion in 2019, the firm has now doubled its initial investment with a return of 142% on the initial payment to acquire the company. In a separate statement, IBM revealed that it would use cash on hand to fund the deal, which should be complete in the second half of 2023.

The Black community makes up over a fifth of New York City’s bustling population but accounts for just 2% of its small business owners. This Juneteenth, the New York City Department of Small Business Services (SBS) unveiled its enhanced directory of Black-owned businesses, Shop Black NYC. Shop Black NYC: An Online Business Directory Spearheaded by SBS’s Black Entrepreneurs NYC (BE NYC), the directory has grown to showcase over 3,300 Black-owned businesses since its launch in 2022. The online directory allows users to search for businesses based on product or service,

Black Women Empowered, a global platform aimed to inspire women of color, has launched the Black Women Empowered Business Network. The platform will unite leading business and inspiring leaders to share their roadmap to success. Black women are the fastest growing group of entrepreneurs, according to a Harvard Business Review report that found that 17% of Black women are in the process of starting or are running new businesses, compared to 10% of white women and 15% of white men.  Additionally, while Black women represent 14% of the female population,

This Juneteenth, we want to celebrate some Black startups that have set out to uplift and support the Black community. What is Juneteenth? Juneteenth commemorates June 19, 1865, the day more than 250,000 enslaved Black people in Galveston, Texas, finally learned that slavery had been abolished – two and a half years after the signing of the Emancipation Proclamation. The first Juneteenth was observed in 1866 and has been celebrated by Black Americans ever since. It is often referred to as the country’s second independence day and became an official

Akash Nigam, the co-founder and CEO of leading avatar company Genies, is spearheading the adoption of ChatGPT within his organization. According to Business Insider, Nigam is spending $2,400 a month on ChatGPT Plus accounts for his 120 employees to cut costs and unlock new levels of productivity. “I’m a pretty frugal, stingy person,” Nigam told the Business Insider. “But in my mind, this is for the health and growth of the company.” By automating monotonous tasks, such as answering coding queries, creating technical roadmaps, and generating creative briefs, Nigam says

The winner of the Invesco QQQ Legacy Classic Startup Pitch Competition has finally been announced. Out of 200 startups who applied to participate in the competition, only one has made it to the finishing line. Child-friendly music app, Healthy Hip Hop, has officially been crowned the winner of the startup pitch competition. The platform, founded in 2019 by Roy Scott, is an educational app aimed at children, infusing hip-hop culture with innovative technology.  Last year, Michael B. Jordan announced that the Invesco QQQ startup pitch competition had returned for its second year in partnership

According to a new survey from Shopify, Black businesses contribute significantly to the company, yet they still struggle to get funding.  The barriers Black-owned businesses face Black-owned businesses face many barriers that limit their growth, including a need for more access to capital funding and investments. Not only does this make it harder for them to succeed, but it also limits their growth potential.  Despite racial and social justice movements catalyzing public support for Black businesses over recent years, minority founders have been left with unfulfilled promises of investments from banks,

Miiriya has been flooded with messages of support after the online marketplace for Black-owned businesses announced its upcoming closure.  The brainchild of Lamine Loco, Miiriya is a platform connecting Black-owned businesses with consumers – kind of like an Etsy or Amazon for Black businesses. The name comes from Loco’s native language, Bambara/Dioula, and means “thoughts” or “ideas.” Committed to the circulation of the Black dollar, Miiriya lets vendors sign up without transaction or listing fees. They also pay credit card and PayPal fees out of pocket, so vendors receive 100% of

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