According to the New York Times, federal civil rights prosecutors are now investigating Wells Fargo’s hiring practices. The launch comes weeks after we reported that some Wells Fargo managers had conducted fake interviews with Black and female job applicants. Seven current and former employees, including one former executive, told The Times that they were instructed to interview women and people of color for already filled roles. These efforts, they said, appeared to be a way to show a record of diversity efforts rather than actually hire diverse candidates. The current Wells
E-commerce platform Gander announced today the closing of a $4.2 million seed round co-led by Harlem Capital and Crossbeam Venture Partners. Gander, which collects and embeds user-generated video content into retail sites so shoppers can see what a product looks like in real life, was launched in late 2021. It also has a creator marketplace, which gives brands direct access to the video content. This round adds the startup’s founder Kimiloluwa Fafowora, 26, to the growing list of Black women who have raised $1 million or more in VC funding.
Balancing entrepreneurship and childcare can be a daunting task, made worse by the pandemic. The rising costs of childcare in the UK and the USA are forcing an increasing number of primary caregivers – the majority of whom are women – to juggle both business and caring for their children. Thousands of childcare centers that closed temporarily because of lockdowns are still at risk of shutting permanently. These centers tend to be low-margin businesses with low levels of cash reserves and may not be able to reopen due to the additional expenses
According to a recent study published in JAMA Internal Medicine, pulse oximeters were less accurate in Black and Hispanic patients, which led to delayed care for severe Covid-19. The research comes years after Thomas Valley, an assistant professor of medicine at the University of Michigan, and colleagues’ publication on the inaccuracy of devices in Black patients stoked widespread interest in the impact on affect care. For the JAMA study, the researchers looked at data on 7,448 patients from five hospitals in the Johns Hopkins Health System between March 4, 2020 and November 21,
Access to credit is a big problem in Africa. Indicina is building the infrastructure to unlock it. Indicina, the digital lending platform providing analytics-driven credit decisions for lenders based in Lagos, Nigeria, has announced its seed round of $3 million. Berlin-headquartered and pan-European venture capital firm Target Global led the round with participation from Kuda, Kippa, and Edukoya. The firm’s partner Ricardo Schäefer will join Indicina’s board. Greycroft also participated in this round, and so did RV Ventures. What does Indicina do? It builds products using Open Banking so credit providers can approve more people,
Telecommunications company, Comcast RISE, has announced that it will award 100 businesses in the area with $1 million in grants. The grants will be available to small businesses that are owned and operated by women and people of color including Black, Indigenous, Hispanic, and Asian American owners. Atlanta makes up one of the five cities included in the Comcast RISE Investment Fund, which has allotted a total of $5 million to be distributed across 500 businesses. To date, the company has been able to provide $16 million to businesses owned by people of
Adeola Ogunmola Sowemimo is the first Nigerian female to fly the Boeing 787 Dreamliner for Qatar Airways, and she flew the Boeing 767 Aircraft across the Atlantic Ocean. Sowemimo hails from Ogbomoso, in Oyo State Nigeria, and graduated from the Ladoke Akintola University of Technology. After her pilot training, she flew off to Florida in the United States for her standard pilot course. On finishing her training at the age of 21, Sowemimo returned to university in Nigeria to complete her education. Sowemimo joined Medview operations Abuja in 2013 till
In times of crisis, it’s especially crucial that governments share accurate, up-to-date information with their citizens and journalists – as social media can play an important role in disseminating urgent information. But we’ve seen time and time again that some leaders have taken liberties to silence their people. Nigeria and Zimbabwe are just examples of countries with governments that have done so in recent years. Back in 2019, Zimbabwe blocked access to social media for seven days as deadly protests swept the country which killed at least 12 people. The government
UK Minister for Women and Equalities Liz Truss has launched a task force chaired by Anne Boden, CEO and founder of Starling Bank, focused on supporting women-owned businesses. Black entrepreneur and investment manager June Angelides MBE is part of the force. She is best known for starting the UK’s first child-friendly coding school for mums, Mums in Tech, while on her second maternity leave from Silicon Valley Bank. Angelides is also one of a handful of Black women in venture capital. Launching today, the task force will use its convening
Major beauty retailers are boosting small, minority-owned businesses in a bid to support Black women entrepreneurs. As of last year, 17% of Black women in the U.S. were in the process of starting or running new businesses, according to the Harvard Business Review. That outpaces the 15% of white men and the 10% of white women who reported the same. But only 3% of Black women reported running ‘mature’ businesses. And when it comes to the traditional workforce unemployment rate, it remains high among Black women, at 5.5% in March, compared with
