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Neon Money Club Becomes The First Black-Owned Tech Company In The Us To Launch An American Express Card

Neon Money Club continues to stand on its principles of breaking traditional norms in the fintech space.

Samantha Dorisca

Nov 1, 2023

Taking Their Business To New Heights with American Express: How The Terminal B Brand Took Off

Like most of us, the 2020 lockdown forced Chris and Fay Breedlove to reevaluate their relationship with travel. It had been a central part of their lives together since they met as law students at Howard University, leading them to over 44 cities in 15 countries over the course of their courtship and marriage. As they dreamt of revisiting some of their favorite destinations, Fay came up with the idea of creating a scent that captured some of the cities they had fallen in love with. “Fay’s initial thought for starting this whole business was that she wanted to get the scent of Singapore Changi International Airport, which is funny because that airport is a destination itself, and definitely analogous to Singapore as a whole,” Chris says. And thus, Terminal B, a luxury fragrance brand built around their love of travel, was born. The company itself is named after the Tom Bradley International Terminal at Los Angeles International Airport, with the letter B representing both the...

Tai Saint-Louis

Jan 26, 2023

Founder Keith Leaphart Launched A Philanthropic Platform To Empower Everyday Givers

Charitable efforts make the world a better place, and one person that lives by this principle is Keith Leaphart, a founder who launched a fintech startup to empower individual givers.

Samantha Dorisca

May 30, 2022

Exclusive: Issa Rae Joins Forces With American Express To Champion Black-Owned Businesses

It’s no secret Issa Rae is rooting for everybody Black and things are no different this holiday season. Joining forces with American Express, Issa Rae will be curating the ByBlack Bazaar marketplace on Saturday, Dec. 11 in Downtown Los Angeles. “As a curator at the marketplace, in its simplest form it will be a great place to stop by and get a gift especially if you do not know what to get people because there will be a range of options,” Issa Rae shared exclusively with AfroTech. “It will also be a great way to establish community amongst business owners and allow owners to establish and forge relationships. You will see the family behind the business and you will see directly or hear about the history of these businesses. With online businesses, you don’t get the neighborhood store feel often. So, the Bazaar marketplace really excites me for that.”

Samantha Dorisca

Dec 6, 2021

These Black-Owned Brands Deserve Your #SmallBusinessSaturday Support

Recently, as AfroTech previously reported, American Express and the U.S. Black Chambers, Inc. (USBC) announced the expansion of ByBlack with the first national certification program exclusively for Black-ownership designation. And one of the most famous participants in the program is Issa Rae, who recently certified her Sienna Naturals through the program with the hopes of reaching more customers for her in-demand products. “We have only scratched the surface of the collective power of Black businesses, so I am excited to join AmEx and the USBC to shine a light on the opportunities ByBlack presents,” she said in a statement. “ByBlack is a powerful platform that connects Black business owners with new revenue streams and helps all of us find and shop at standout businesses. Together we can spread the word to support small Black businesses.” To qualify for the no-cost certification process, businesses must provide proof that their business is 51 percent Black-owned, and also...

Issa Rae Is Encouraging Black-Owned Businesses To Get Certified With the U.S. Black Chambers, Inc. And American Express' ByBlack Program

Hollywood mogul Issa Rae is always rooting for everybody Black, and today is no different as she pushes for all Black-owned businesses to officially certify their brands through a newly-launched program. According to a press release shared with AfroTech, the producer and actress is supporting American Express and the U.S. Black Chambers, Inc.’s (USBC) joint effort to expand their ByBlack initiative with the launch of the “first national certification program exclusively for Black-ownership designation.” Photo Credit: American Express The free first-of-its-kind platform — which was designed as a directory for Black-owned businesses — will now offer Black business-owners the opportunity to easily obtain approved accreditation that their customers and other companies can trust when spending with them. “We are thrilled to team up with the USBC to expand the ByBlack platform,” Jessica Ling — senior vice president of Global B2B Marketing at American Express — tells AfroTech. “Seventy-five...

Njera Perkins

Sep 8, 2021

American Express Awards $25K Grants To Support Success Of 25 Small Black-Owned Businesses

Last year, AfroTech reported on the launch of American Express’ Coalition to Back Black Businesses committing $10 million to support Black entrepreneurship. Today, the group has announced that it’s continuing that mission by awarding 25 small Black-owned businesses $25,000 in grants to support their long-term success and resilience just ahead of Black Business Month. According to the grantees, this funding goes a long way in helping these businesses survive and thrive in the wake of the pandemic. “My business and life have done a full 180 since receiving support from the Coalition to Back Black Businesses program,” grant recipient Deandre Wade — owner of sports uniform company Fresh Sportswear — shared in a statement. “With the enhancement grant, I will be moving my business out of my living room and purchasing the tools and equipment needed to begin mass-producing our products.” The Coalition to Back Black Businesses launched last September after a tumultuous year of small...

Njera Perkins

Jul 22, 2021

American Express, Elaine Welteroth Partner to Highlight Black Business Owners’ Who Are ‘Built To Last’

Best-selling author and journalist Elaine Welteroth is partnering with American Express to highlights small business owners , reports Forbes. In a newly launched video series podcast titled “Built To Last,” Welteroth is sharing the stories of Black business owners to discuss their personal journeys and the significance of minority-owned entrepreneurs. “I was really grateful to have the opportunity to partner with American Express on a project with purpose. Our missions were aligned in wanting to build a platform that educates and inspires the next generation of Black entrepreneurs while also encouraging continued patronage of the many Black businesses that need our support, now more than ever Built to Last dives into the stories, history and continued legacy of Black-owned small businesses that have shaped American culture,” said Welteroth. Thus far, the podcast has featured Pinky Cole, the founder of Slutty Vegan, CEOs Issa Rae and Hannah Diop of Sienna Naturals, Melissa Butler of...

Niki McGloster

Dec 22, 2020

American Express Launches $2.5M '100 for 100' Program to Invest in Black Businesswomen's Futures

In conjunction with fundraising platform IFund Women of Color, global finance company American Express has announced another commitment to the Black community — this time targeting Black women. This week, American Express revealed the 100 Black women entrepreneurs it hand-selected to participate in its “100 for 100” program, designed to provide women with adequate funding and business resources.   View this post on Instagram   A post shared by American Express (@americanexpress) According to a press release , the program specifically consists of $25,000 grants and 100 days of access to business education, mentorship, marketing, virtual networking, WorkSpaces by Hilton hotel reservation credits and more. American Express partnered with IFundWomen of Color — the leading platform for women of color to raise capital —  to create a program made to offer support for Black businesswomen looking to jump start and grow their entrepreneurial ventures. “American Express is proud to support the...

Njera Perkins

Nov 20, 2020

American Express Announces $1B Action Plan to Advance Racial and Gender Equity

American Express understands the fight for racial and gender equity across the globe is far from over, so it has announced another plan of action as part of its long-standing commitment to diversity and inclusion. Today, the global financial service company announced that it plans to launch a series of internal and external initiatives and resources supported by a $1 billion investment toward “enhancing diverse representation and equal opportunities for its colleagues, customers and communities,” as reported in a statement . “American Express has a long-standing commitment to fostering an inclusive and welcoming workplace that reflects the diversity of the customers and communities we serve,” said Stephen J. Squeri , Chairman and Chief Executive Officer. “Central to this commitment is standing up against racism and eliminating barriers that have prevented people of all racial, ethnic and gender identities from having equal opportunities to pursue their aspirations. To build on the...

Njera Perkins

Oct 29, 2020

American Express Launches 'Coalition to Back Black Businesses' and $10M Grant Program

As many Black business owners continue to face financial hurdles amid the pandemic, more major companies are pledging their support through funding programs and ongoing initiatives. This week, American Express announced the launch of a newly formed group called the Coalition to Back Black Businesses . With the announcement came a $10 million commitment to fund a grant program in support of small Black business recovery in America over the next four years, a press release reports . View this post on Instagram A post shared by American Express (@americanexpress) In a one-of-a-kind collaboration with four major Black chambers — U.S. Black Chambers, Inc., National Business League, National Black Chamber of Commerce and Walker’s Legacy — American Express plans to support efforts to help get Black businesses back in good financial standing to keep them afloat. Black communities across the U.S. have been disproportionately impacted by the effects of the pandemic, with Black businesses...

Njera Perkins

Sep 16, 2020

American Express Names Glenda McNeal as the First Black Woman on its Executive Committee

Glenda McNeal is the first Black woman to join the Executive Committee at American Express. According to Black Enterprise , over the years the President of Strategic Partnerships has lent her expertise across sales and client management, business development, and marketing and strategy at the financial corporation. Also, McNeal has overseen the relationships of Amex’s largest partners, including Delta, Marriott, Hilton, PayPal, and Amazon. In her new seat, McNeal will help Amex face COVID-19 and other challenges of the global economy. Furthermore, the committee is now represented by seven women, a record number for the company, Patch reports . “Having Glenda’s expertise and experience on the Executive Committee will be a huge asset for us,” Chairman and CEO Stephen J. Squeri said . “We will benefit from their diverse perspectives as we navigate through the challenges we face and position our company to win going forward.” McNeal’s storied career spans three decades. She is a Dillard...

Niki McGloster

Jun 22, 2020

How American Express Sets the Industry Example for Inclusion and Diversity

The company employs and supports a diverse group of colleagues to reflect the wide range of customers served Inclusion and diversity are more than just marketing buzzwords. Genuine respect and inclusion for all cultures, ethnicities, and belief systems are critical for a harmonious, thriving workplace. When a company is serving a global customer base, these principles become even more essential. Named the 2019 company on the 100 Best Companies to Work For by Fortune, American Express knows the value of inclusion and diversity. The company understands that the best way to serve its wide range of customers across the world is to hire and engage meaningfully with colleagues from all walks of life. Amex supports inclusion and diversity through a variety of initiatives such as its wide range of colleague networks that foster inclusion, support colleagues and celebrate the diversity of the company’s workforce. Amex promotes the principles of fairness and respect for everyone on multiple...


Nov 12, 2019

Ken Chenault backs Nova Credit, an agency providing credit scores for immigrants

When immigrants move to a new country, activities like finding a rental unit, getting good rates on loans and more can feel impossible without a credit history that’s easy to access. The team at Nova Credit, including Misha Esipov, Nicky Goulimis and Loek Janssen, discovered that this was a struggle for immigrants trying to move for a job or to attend school. Although it was originally founded as a research project by the three Stanford University grad students, it is now a company with backing from Index Ventures and General Catalyst. Nova Credit provides the solution that allows immigrants to share their credit history from their country of origin with financial service providers. This allows immigrants to access lenders, property managers and more. It opens the doors for access in ways that were extremely difficult or impossible before. It gives immigrants a fresh start and fewer factors working against them. The Nova Credit team has grown their reach to cover the credit...