New York-based fintech startup StoreCash has raised $3.7 million in a seed funding round led by Black Operator Ventures, with participation from notable investors like MaC Venture Capital, 43North, Alumni Ventures, and others. This brings StoreCash’s total funding to $6.4 million since its founding in 2019. Instant Cash Back Rewards Founded by Daricus Releford, StoreCash is a mobile app that helps users earn immediate cash-back rewards when shopping at brands such as Gap, H&M, and AMC Theatres, offering users an average of $900 annually. The app integrates its API with
David Steward, founder and chairman of World Wide Technology (WWT), is now recognized as the wealthiest Black man in the US, with an estimated net worth of $11.4 billion. Steward ranks at No. 84 on Forbes’ recently released 2024 Forbes 400 list, a definitive ranking of the wealthiest Americans. This year, individuals needed a minimum of $3.3 billion to make the cut, with the list reflecting a total net worth of $5.4 trillion—an increase of $1 trillion from the previous year. David Steward’s Rise in the Tech World Steward, 73,
The city of Detroit has agreed to pay $300,000 to Robert Williams, a Black man wrongly arrested for shoplifting due to flawed facial recognition technology. As part of the settlement, the city will also make changes to how police use facial recognition software when making arrests. A Case of Mistaken Identity Robert Williams’ wrongful arrest stems from a misidentification by facial recognition software. According to The Guardian, the software incorrectly matched Williams’ driver’s license photo to a suspect seen in a 2018 security video from a Shinola watch store. Despite
Brand new Techish! In this mini episode, hosts Michael and Abadesi talk all things money! • How to be a savvy saver• Why investing matters• Financial red flags, and more! Listen on Spotify or Apple podcast also. Watch On YouTube Extra reading: I Will Teach You To Be Rich by Ramit Sethi [Amazon] Unshakeable: Your Guide to Financial Freedom by Tony Robbins [Amazon] The Money Ladder: A 3-step guide to make and grow your wealth by Franklin Asante aka @urbanfinancier (UK-centric) [Amazon] Disclaimer: The information provided in this podcast episode represents the personal opinions
Venita Cooper and Vincent Sanders have created an AI-powered sneaker resale price-prediction startup – Arbit. According to their website, Arbit is the only price prediction model designed to empower sneaker buyers to get fair prices in the resell market. They collect real-time prices from trusted sites, providing pricing insights and trend analysis that allows users to shop prices on one app. Arbit’s Journey Cooper’s passion for sneaker culture began in 2019 when she opened Silhouette Sneakers and Art in Tulsa, which attracted attention from Brian Brackeen in 2021. After more than four years in the business, Cooper announced
Gran Coramino Tequila, the premium tequila brand co-founded by Kevin Hart and Juan Domingo Beckmann, has disbursed over $1 million in grants to Black and Latine entrepreneurs across the United States to date. The Coramino Fund Since its inception in 2022, Gran Coramino has dedicated a portion of its sales to the betterment of underrepresented business owners, committing $1 from every bottle sold to this cause. The Coramino Fund, established in partnership with the Local Initiatives Support Corporation (LISC), has now dispersed over $1 million in grants. This funding has reached over 100
Neon Money Club has partnered with American Express (Amex) to launch the Neon Money Club Cream American Express Card, making it the first Black-owned company to establish an American Express Card. Neon Money Club, co-founded by Luke Bailey and Jackie Liao, is an invite-only money club that aims to create an environment that allows users to become financially empowered while bypassing hurdles often faced. Members get access to invest in the US stock market, hyper-relevant financial content, and now their new Cream Card. The Cream Card Neon Money Club designed
