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Black Business

Businesses in the US and Canada can now self-identify as Black-owned on Tripadvisor. The world’s largest travel guidance company decided to launch the new feature after research showed that 77% of Black-owned businesses and 63% of Hispanic/Latinx-owned businesses actively use their platform.   Tripadvisor aims to use the data gathered on its users to help make accommodation providers and restaurants-owners feel safe and welcomed on the platform.  Now more than ever, it is crucial that POC-led businesses get the recognition they deserve to help amplify their voice and make their businesses

Black-owned professional network, Black British City Group (BBCG), has launched its flagship City Booster program, designed to help support the growth of Black founders.  Through BBCG’s City Booster program, Black entrepreneurs not only be eligible for grants of up to £3,000 but will also have access to coaching opportunities and skill-based workshops to help them elevate and grow.  The City Booster program run by BBCG aims to provide mentorship, skills-based workshops, and financial support to Black founders. In addition, the program, which spans nine months, will give Black entrepreneurs exclusive

Natalie Madeira Cofield, the assistant administrator for the Office of Women Business Ownership at the US Small Business Administration (SBA), has stepped down from her role to pursue a new venture.  Cofield, recognized as one of the high-ranking Black women in the president’s administration, was also the first Black woman to hold that position and head a female business ownership office.  According to Bloomberg, the Executive Director of the National Women’s Business Council Tene Dolphin praised Cofield for her hard work in a recent statement.  “Her tireless efforts during her tenure

Black-owned blockchain platform, Lumachain, has raised $28.3 million in a Series A funding round.  The funding round, which VC Bessemer Venture Partners led, will help the organization revolutionize how beef, chicken, and pork products are produced globally.  Perseverance, hard work, and ambition Lumachain is a testament to the perseverance, hard work, and ambition of its founder, Jamila Gordon. Gordan, who was selected as one of the world’s most inspiring and influential women in 2021, has won significant accolades for her work in the industry. Not only was Gordons selected as

American clothing company, Old Navy, will donate $500,000 to the Fifteen Percent Pledge to support the growth of Black creative entrepreneurs. The collaboration, an expansion of the Old Navy’s Project WE series, marks the first product collaboration for the Pledge to support diverse artists as they enter the retail industry on a national level. Project WE, launched in 2021, has helped create a space for diverse and talented artists to gain visibility and equitable access. “Old Navy is proud to amplify and celebrate diverse voices through our Project WE initiative

Nigeria-based fintech startup, Anchor has received over $1M in investment to help expand its workforce and services.  The startup fund program is backed by fund program, Y Combinator, and other venture capital firms, including Byld Ventures, Luno Expeditions, Niche Capital, Mountain Peak Capital, and angel investors such as the founder of SeamlessHR, Emmanuel Okeleji.  Co-founded in 2021 by Segun Adeyemi, Olamide Sobowale, and Gbekeloluwa Olufotebi, the banking-as-a-service platform, allows consumers to embed accounts, cards, payments, lending, and other financial features to their products within minutes.  “We’re now seeing a new development where businesses want to

Leading alcohol e-commerce shop, Drizly, has announced the launch of its ‘Sip with Purpose’ program, dedicated to supporting and driving BIPOC-,  LGBTQIA-, and woman-owned brands in the alcohol industry.  The platform’s ‘Sip with Purpose’ Brand Accelerator Program is now open for applications. The initiative, which will be highly beneficial for underrepresented founders, aims to provide businesses with a $4 million media commitment to raise awareness and drive support for these brands.  Drizly, founded in 2012, is one of North America’s largest online alcohol marketplaces. The platform, which offers a variety

Minneapolis-based e-commerce app, GoodCarts, has partnered with Shopify and Operation HOPE  to help build Black-owned online businesses through the 1 Million Black Businesses (1MBB) initiative. Black-owned financial, educational platform, Operation HOPE, is a leading global provider of financial dignity education and economic empowerment programs for low-income or moderate-income youth. The organization founded by John Hope Bryant aims to create a whole new approach to community upliftment.  Its 1MBB initiative, in partnership with Shopify, will help millions of Black businesses start, grow, and scale over the next decade to ensure the racial

SquadTrip, an automated payment solution for large and small group trips, has launched its new online platform. Travel organizers can create booking pages, accept payments efficiently, and manage communication and financials in one place. SquadTrip is the first travel platform targeting millennials with flexible payment installments, Apple Pay checkout, and promo codes. The new software as a service (or SaaS) platform is a time-saving tool that eliminates the need for tracking payments using spreadsheets or sending multiple text/email messages. Travel professionals can build customized trip pages and travel packages and

A well-known influencer collective, Collab Crew (formerly known as Collab Crib) has had a turbulent few months with its founder Keith Dorsey stepping down to focus on his mental health, appointing Robert Dean III (@robiiiworld) to take the lead and of course the big news that it’s shifting from a collab house into a studio. What was the ‘Collab Crib? It was one of the nation’s only content houses for all-Black influencers. There – 10 young creators worked daily under the care of a manager. Most of them lived in

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