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Execs From Arlington's Ingenious Financial Are Raising $10B To Provide Tech To Unbanked Communities

Some executives at Arlington, Virginia-based Ingenious Financial are planning to raise $10 billion to provide more tech to unbanked and underserved communities. Ingenious Financial Founder Darnell Parker and COO Derek Taylor are leading this investment, the company shared in a press release. The pair decided to raise this capital after finding that many Black residents across the nation still don’t have access to computer tech in their homes. This technology gap leads to more financial insecurity, so Parker and Taylor are raising  $10 billion through the private Federal Reserve corporation emergency lending program to serve unbanked and underbanked communities. “All relevant policy narratives point towards an inclusive environment,” said Taylor in a press release. “But you cannot have an inclusive environment without African American controlled businesses and ownership.” Once they’ve raised the funds, Parker and Taylor plan to disperse the capital across four main initiatives: $4...

Apr 6, 2021

SheaMoisture Launches $1M Fund and Digital Docuseries Highlighting Stories For and By Black Men

SheaMoisture is standing by its continuous program rollout in support of the Black community with its latest product collection and initiative. The pioneering beauty giant has unveiled a newly-launched multi-platform commitment to Black men, which includes a three-pillar program in the form of a digital content series highlighting their multidimensionality, a national product collection launch, and a $1 million investment program meant to help support their goals. SheaMoisture — which was initially founded with a mission to support and invest in Black women — is now extending its platform to cater to needs specific to Black men and how they’d like to be represented. The brand recognizes that Black men’s complex narratives have yet to be told through their lens, so they decided to launch the #MyStoryMyPower digital docuseries to celebrate their diversity and fullness.   View this post on Instagram   A post shared by SheaMoisture Men (@sheamoisturemen) “#MyStoryMyPower is about Black...

Feb 10, 2021