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Nomba, A Nigerian Fintech Startup, Raises $30M In An Investment Round Led By Base10 Partners

Both a billion-dollar multinational company and a leading Black VC firm are betting on a fintech startup that may be the future of payments in Africa.

Ngozi Nwanji

May 2, 2023

The Men Behind FLOURYSH Team Up With Shopify To Provide Free Resources To One Million Black-Owned Businesses

FLOURYSH is kicking off Black Business Month in the best way! View this post on Instagram A post shared by [FLOURYSH™] (@weflourysh)  

Ngozi Nwanji

Aug 3, 2022

Jimmy Butler's Famous $20 Coffee Goes Official As He Ventures Into The Billion-Dollar Industry

What started off as a playful exchange of selling cups of coffee for $20 has led to Jimmy Butler pursuing his passion to launch a coffee brand of his own in an industry valued at $465.9 billion in 2020, according to the Global Coffee Market. As the National Basketball Association (NBA) headed to the bubble in Orlando, FL in 2020, Butler was disappointed at the lack of coffee options available. Looking to resolve his coffee cravings, Butler crafted his own “Big Face Coffee.” So apparently Jimmy Butler wasn't kidding about the up-charge for the use of his French Press at Disney. (From Meyers Leonard's Twitter): — Ira Winderman (@IraHeatBeat) August 15, 2020 “The reasoning behind [the name Big Face Coffee] was when we first got into the Bubble during the pandemic, I remember opening up our per diem and it was like $2,080 in there. Basically 20 $100 bills and four $20 bills,” Jimmy Butler told People. He continued: “So I’m thinking, okay, if I charge $20 for a...

Samantha Dorisca

Oct 5, 2021

Five Tech Stocks Poised to Grow as the Economy Reopens

As countries begin to vaccinate their populations, businesses will begin to reopen. With those re-openings, and the jobs that will be restored in their wake, the economy will gradually begin to make up lost ground. As workers are rehired and incomes begin to grow, so too will consumer confidence. And both mass vaccinations and rising consumer confidence will also allow us to begin to venture out again and be social once again, which ill provided ballast to the ailing hospitality, outdoor recreation, travel, and restaurant sectors. Some businesses are better positioned to take advantage of these expected developments than others. If you’re looking to invest in stocks sure to surge when the economy reopens, look no further than these five stocks. Expedia The biggest company in travel-related search and bookings, Expedia’s stock should grow nicely as consumers begin to travel more frequently. The company owns large players in the online booking space like Orbitz, Travelocity, and...


Mar 20, 2021

Former First Lady Michelle Obama Urges Silicon Valley to Permanently Ban Trump

Michelle Obama has a clear message to Silicon Valley — ban President Donald Trump and stop others from abusing their platforms. In what has been a whirlwind of the first full week of 2021, former First Lady Michelle Obama makes it clear that there is no room for bias in this nation moving forward after pro-Trump rioters stormed the U.S. Capital building on Wednesday resulting in multiple injuries and five deaths. According to TechCrunch, specifically, she calls on Silicon Valley to address its role in the chaos that took place in reference to the bias treatment of pro-Trump fanatics versus the mostly peaceful Black Lives Matter demonstrations that took place during the past summer. “Now is the time for companies to stop enabling this monstrous behavior — and go even further than they have already by permanently banning this man from their platforms and putting in place policies to prevent their technology from being used by the nation’s leaders to fuel insurrection,” wrote Obama in...

Shanique Yates

Jan 8, 2021

TikTok, Shopify Launch New Partnership With Campaign Celebrating Black-Owned Businesses

TikTok and Shopify are officially in business together, announced today. The new global partnership will allow Shopify’s over one million merchants to drive sales to TikTok’s young audience, reports TechCrunch. In addition to running marketing campaigns on the social media platform, Shopify merchants will have access to TikTok for Business features, including its ads management tool which will help turn product information into native, shareable in-Feed video content. To show off the partnership, Shopify and TikTok launched #ShopBlack, a campaign that celebrates Black-owned businesses. From Nov. 10 through Nov. 15, TikTok users can browse videos of over 40 Black Shopify merchants via the new hashtag. “TikTok is one of the world’s fastest-growing entertainment platforms with over 100 million highly engaged users in the U.S. alone,” said Satish Kanwar, Vice President of Product at Shopify. “The TikTok channel means Shopify merchants—even those without a strong TikTok following of...

Niki McGloster

Oct 27, 2020

Operation HOPE, Shopify to Create 1M New Black-Owned Businesses by 2030

Nonprofit organization Operation HOPE and global e-commerce company Shopify have partnered together to launch a new initiative championing a mass overload of Black-owned businesses over the next 10 years. The HOPE One Million New Black Business & New Black Entrepreneurship Initiative — or 1MBB — has a goal in mind to generate one million new Black-owned businesses in the U.S. by the year 2030 through approximately $130 million worth of resources, a press release reports . View this post on Instagram A post shared by Operation HOPE (@operationhopehq) Historically, the Black communities in America have battled racial barriers that have prevented their full participation in entrepreneurship and larger business ventures. Furthermore, Operation HOPE research revealed that 58 percent of Black-owned businesses were deemed at risk or distressed and suffering from low profits, credit scores, or income shocks in the months immediately following the coronavirus outbreak and closures. In an...

Njera Perkins

Oct 21, 2020