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digital

Black-owned digital platform, InterApp, has raised $1.2 million in its pre-seed funding round. The funding round was led by Columbia-based investment firm WP Capital Group, an organization that focuses on emerging technologies for consumer engagement.  InterApp Inc., co-founded in 2016 by CEO William Brown, is an image recognition app that aims to make augmented reality (AR) a necessary tool for consumers. Their work, specifically designed for graphic designers, transforms print into interactive AR experiences for consumers to enjoy. The platform transforms print packages and apparel graphics into augmented reality, ultimately transforming

On July 12, New York City Hall launched the first-ever Digital Games Industry Council to discuss supporting talent in that space. Participants included Deputy Mayor Maria Torres-Springer and several members of the mayor’s office.  The council came together to discuss how to expand the city’s digital games industry. The digital committee, designed to build a robust talent pipeline for talent in the digital games industry, aims to attract game development studios across five boroughs and help businesses operate and thrive in New York City.  The meeting occurred following the announcement

Senegal-based fintech startup, Wave, raises a syndicated loan of $91.5 million from International Finance Corporation (IFC), Blue Orchard, Symbiotics, responsAbility, and Lendable. Wave Mobile Money, founded by Drew Durbin and Lincoln Quirk in 2018, has quickly grown to become the largest mobile money remittance in Senegal. In 2021, the company closed the most extensive Series A round for an African fintech at $200 million. The digital fintech platform uses technology to build a radically inclusive and affordable financial network. As a result, Wave has built a life-changing economic infrastructure for

The cryptocurrency market has drastically fallen over the years, with the market decreasing in value by more than $1 trillion. The recent downfalls have shaken the entire cryptocurrency market and resulted in many Black investors experiencing severe losses. One of the most popular cryptocurrencies, Bitcoin, fell below $20,000 for the first time in 2020 and has been steadily declining by more than 70%. Over the past seven months, its value has shrunk more than ever, consequently impacting millions of investors in the cryptocurrency market. According to the Financial Times, 25%

Black-led communication startup, Simpu, has launched its first-ever omnichannel inbox, allowing businesses to interact with customers through various social channels. The omnichannel inbox will not only enable companies to communicate with their consumers in a range of mediums, but it also allows them to diverge away from the traditional customer support channels, which primarily focus on phone, email, or chat support.  Collins Iheagwara co-founded Simpu with Kolawole Balogun and Tioluwani Kolawole in 2020, which was designed to help business owners unify all their communication channels through an automated workflow. The

U.S. Immigration and Customs Enforcement (ICE) can now track and identify cryptocurrency users using a new software program, Coinbase Tracker.  The software, offered on a subscription basis, allows the government and private sectors to trace incoming and outgoing funds made through various digital currencies, including Bitcoin, Ether, and Tether. Last year, Intercept revealed that Coinbase had sold its analytics software license to ICE for $29,000. The analytics program, which provides ICE with crypto users’ “historical geo-tracking data,” is one of several small contracts between Coinbase and the U.S. government. In April 2021,

YouTube has officially opened grant applications for the #YouTubeBlack Voices Fund Class of 2023. The $100 million funds will amplify and nurture Black voices in the creator community.  The grant program, which the video platform first launched in 2020, was primarily designed to help support and nurture Black creators and artists, from musicians and lawyers to gamers and fitness instructors.  The scheme has welcomed over 300 grantees from the United States, Kenya, the United Kingdom, Brazil, Australia, South Africa, and Nigeria in just over two years. The program has not