Sandbox Wealth, a modern banking platform tailored for non-bank financial institutions, has raised $1.25 million in pre-seed funding. The round was led by NextGen Venture Partners with additional backing from Northwestern Mutual Future Ventures, gener8tor, and RevTech Labs. Transforming Wealth Management Founded in 2023 by Ray Denis, Sandbox Wealth seeks to fill gaps in the wealth management sector by offering a platform that integrates deposits, lending, and advanced analytics. This innovation particularly benefits Registered Investment Advisors (RIAs) and Family Offices by providing tools that enhance client relationships and support business
Google has unveiled the latest cohort startups selected for its Google for Startups Accelerator: Africa program. The six Black-led South African startups were announced at an event coinciding with this year’s Africa Tech Festival, which was held in Cape Town, South Africa. Google for Startups Accelerator: Africa The three-month hybrid accelerator program supports Seed to Series A technology startups led by at least one Black founder. This opportunity includes ZAR1 million ($50,000) in non-dilutive funding, up to ZAR3.6 million ($200,000) in Google Cloud credits, and access to mentorship and industry networks. By
Northwestern Mutual, a financial services organization, has announced this year’s fall cohort of five Black-owned tech startups to its Black Founder Accelerator program for the third year. Now in its third year, the accelerator is one of the core components of Northwestern Mutual’s Sustained Action for Racial Equity (SARE) initiative. SARE was created to advance bold, sustainable change that accelerates the company’s commitment to fight racism, prejudice, and social injustice, focusing on the Black and African American community. The Black Founder Accelerator The accelerator invests in up to 10 companies
