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investment

Black-led Investment Bank, Loop Capital, Partners With Goldman Sachs To Help Close Racial Wealth Gap

Black-led investment bank Loop Capital and Goldman Sachs have just announced a partnership to launch a new money market fund that will benefit Black women pursuing careers in STEM.  The two money market fund share class offerings will be available exclusively to Loop Capital and Goldman Sachs clients, and a portion of the revenue from the share classes will go to causes that impact increasing racial equity, according to a statement. The Loop Capital share classes will be offered as part of the Goldman Sachs Financial Square Government Fund and

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More Than Half Of the Start-Ups Citi’s Impact Fund Has Invested In Are Owned By Minorities

Citi has announced its next round of investments through the Citi Impact Fund, a $200 million fund launched last year to invest in companies that are addressing some of the biggest societal challenges. Daylight, Flume, and Stackshare are among the list of companies included in the round. This brings the Impact Fund’s total number of investments to 23 companies – more than half of which are founded by women and/or minorities.  Ed Skyler, Head of Global Public Affairs at Citi, said: “The portfolio of the Citi Impact Fund keeps growing as we continue to

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Google Announces 50 Recipients Of Its Second Black Founders Fund

Google for Startups has announced the next 50 recipients of its Black Founders Fund, unveiling the next slate of trailblazers who will be receiving $100,000 in non-dilutive funding. This is the second batch the giant tech firm has supported. All 126 of them hail from all over the United States, including Georgia, Texas, New York, Alabama, California, Massachusetts, Pennsylvania, Florida, Hawaii, and Missouri. Last year, Google for Startups gave 76 Black-led startups up to $100,000 in non-dilutive funding – meaning founders did not give up any ownership in their company in exchange for

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Nigerian Fintech Infibranches Gets $2M In Funding To Diversify Its Energy Products

Infibranches Technologies Limited has secured $2million in funding from ‘All On,’ an investment company backed by oil and gas giant Shell. The Nigerian firm, founded in 2019 by Olusola Owoyemi,  aims to provide digital financial services for service providers in the energy sector.  Through its flagship products – OmniBranches and Green Energy Plug – Infibranches helps companies with extensive distribution networks. With the support of The Nigerian Off-Grid Market Acceleration Programme, it has also developed a payment system that helps to facilitate payment collection for providers of solar home systems and mini-grid developers through

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