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1 week ago | 
peopleofcolorintech.com | Habiba Katsha
PepsiCo representatives met with civil rights leaders from the National Action Network (NAN) following Reverend Al Sharpton's threat to lead a boycott over the company's decision to roll back parts of its DEI efforts. On April 4, 2025, Sharpton sent a letter to Pepsi specifying the details of a planned boycott.
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1 week ago | 
peopleofcolorintech.com | Habiba Katsha
Nigerian fintech startup Moniepoint announced the launch of MonieWorld, a platform that offers immigrants various financial services, starting with remittances to Nigeria. The new financial product allows users to return money to Nigeria, beginning with the UK. "With MonieWorld, Nigerians in the UK can send money home in seconds directly into any Nigerian bank account.
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1 week ago | 
peopleofcolorintech.com | Habiba Katsha
The Distributed AI Research (DAIR) Institute is calling on social media companies to address the spread of violent speech and warmongering on their platforms to stop a looming war between Eritrea and Ethiopia. Researchers at the institute have spent three years analyzing social media platforms' role in exacerbating the 2020-2022 Tigray war and believe similar failures are happening again.
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1 week ago | 
peopleofcolorintech.com | Habiba Katsha
DEI Under Fire is our monthly series that keeps you up-to-date on the latest DEI announcements and changes from the nation's leading companies. This month, we discovered that Lego removed terms associated with diversity from its annual sustainability report despite adding more "diverse" characters to make its toys more inclusive. NASA fired Neela Rajendra, an Indian-origin official who served as the chief of diversity, equity, and inclusion (DEI).
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1 week ago | 
peopleofcolorintech.com | Habiba Katsha
Meta, the parent company of Facebook and Instagram, is facing a $2.4 billion lawsuit over allegations that its platform contributed to ethnic violence in Ethiopia. A Kenyan high court has ruled that the case, brought by two Ethiopian nationals and a Kenyan NGO, can proceed. Hateful content contributing to real-word harmThe lawsuit was filed by two Ethopians, Abrham Meareg and Fisseha Tekle, and The Katiba Institute, a Kenya-based NGO.
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1 week ago | 
peopleofcolorintech.com | Habiba Katsha
Pre-seed venture capital firm Symphonic Capital has announced the launch of its inaugural fund after raising $13.5 million to invest in early-stage companies. Symphonic Capital focuses on founders who are closing critical access gaps within healthcare and financial services."That's because we believe everyone should have access to reliable healthcare and financial freedom, regardless of their race, gender or ethnicity," Founder Sydney Thomas and partner Shruti Shah said in a press statement.
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1 week ago | 
peopleofcolorintech.com | Habiba Katsha
The Global Gaming League (GGL) has raised $10 million for its Simple Agreement for Future Equity (SAFE) round, led by Solyco Capital. The GGL is a multi-title gaming league with celebrity-owned teams made up of four players, each including high-profile influencers, actors, athletes, artists, and casual and professional gamers. These players compete in live events in games ranging from first-person shooters to sports titles and fighting games to the latest releases and retro favorites.
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2 weeks ago | 
peopleofcolorintech.com | Habiba Katsha
The Arthur M. Blank Family Foundation donated $2 million to The Russell Innovation Center for Entrepreneurs (RICE) to further the organization's mission to expand, scale, and develop Black entrepreneurs across Atlanta and beyond. The Arthur M. Blank Family Foundation's $2M DonationThe announcement was made during a fireside chat held at RICE, which featured Jay Bailey, President & CEO of RICE; Fay Twersky, President of the Arthur M.
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2 weeks ago | 
peopleofcolorintech.com | Habiba Katsha
Growth Warrior Capital recently raised $26 million for its first fund from investors like Bank of America, the George Kaiser Family Foundation, and Pivotal Ventures, the investment firm founded by Melinda French Gates. Promise Phelon launched Growth Warrior in 2020 in Charlotte, North Carolina to support underrepresented and overlooked entrepreneurs. Since then, the firm has written checks up to $3 million and has a portfolio of 11 companies.
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2 weeks ago | 
peopleofcolorintech.com | Habiba Katsha
Nathaneo Johnson and Sean Hargrow raised $3.1 million of pre-seed funding for their social network platform, Series, Forbes reports. The startup is only a few months old, but the investment came in over two weeks, following a trailer Johnson posted on LinkedIn. The video went viral, attracting interest from venture capital funds and business angels. Both Johnson and Hargrow are juniors at Yale, where they both joined the university's Society for Aspiring Entrepreneurs.
