Black women who work in startups are more likely to become founders later on, a new study has revealed, highlighting a potential key path to increasing their representation in the startup world. Black women are already leading the way in entrepreneurship. A LendingTree study found that Black-owned businesses are more likely to be led by women, and 55.2% generate between $100,000 and $999,999 in annual revenue, slightly higher than the 54.7% for all Black-owned businesses. Although the number of Black-female founders in the US is increasing, they still make up
It’s February, which means it’s finally Black History Month. It’s a time when Black people reflect on the triumphs, victories, and achievements Black people have made in the country. While it’s essential to look back at what Black people have overcome, it’s also important to acknowledge the history Black people are making today. Black innovators are shaping the future in every industry, and the tech world is no exception. Here, we spotlight eight Black-owned tech startups that are driving change, creating opportunities, and making a real impact in Black communities.
Fintech Stratyfy has announced a partnership with Beneficial State Foundation to decrease racial disparities in lending. The Partnership Stratyfy offers accurate, dynamic, and equitable credit underwriting decisions with machine learning solutions, working with institutions to implement AI. Their mission is to accelerate financial inclusion for people and mitigate risk for financial institutions. They address operations such as automated credit risk assessment, fraud detection, bias mitigation, and other tasks without new risks. The Beneficial State Foundation is a team of equity champions who aim to advance financial justice and impactful systematic
