Black Startup Eventnoire Wins 1st Place in $1 Million Dollar Business Competition

FOUNDERS OF BLACK-OWNED TICKETING PLATFORM, EVENTNOIRE, WIN FIRST PLACE IN $1M STARTUP COMPETITION

The founders of Eventnoire, the premiere ticketing platform for Black events, have been announced as the winners of Mountain Dew's Real Change Opportunity Fund Competition. Eventnoire will receive a portion of the $1M prize pool, allowing them to continue to do work that strengthens Black businesses, uplifts Black communities, and levels the playing field for Black people in America.

Hundreds of start-ups competed in the shark-tank style contest, judged by celebrity judges DJ Envy of The Breakfast Club, Morgan DeBaun, and Lala Anthony. Eventnoire went through several rounds pitching its business model and innovative business concept. In addition to the cash prize awarded to Eventnoire, Howard University will receive a six-figure donation to help its students scale existing entrepreneurial ventures or turn seedling of ideas into profitable businesses.

Eventnoire is a new event management platform celebrating Black culture within the event industry. Founded in 2018 by Jeff Osuji and Femi Masha, Eventnoire is more than the average online event platform. It’s an innovative platform dedicated to meeting the social and event curation needs of the Black community that mainstream event and ticketing platforms have failed to achieve.

Meet 2 Black Bankers to Purchase a Bank for $200 Million

TWO BLACK ENTREPRENEURS ARE RAISING $200M TO PURCHASE A BANK FOR UNDERSERVED COMMUNITIES

Darnell Parker and Derek Taylor, two banking veterans and the owners of Ingenious Financial, have announced plans to raise $200 million Series A funding to purchase an existing bank.‬ ‬‬‬‬‬Parker, who is the company's founder, and Taylor, who is the company's COO, say they are setting out to own a bank to better serve underserved and underbanked communities.

“Minority banks play an important role in the economic empowerment of minority communities and these financial institutions have long been considered as innovators in banking,” says Mr. Parker. “But in recent years, they have not always managed to keep up with technological advances.”

Parker and Taylor are launching the capital campaign to purchase a bank already insured by the Federal Deposit Insurance Corporation (FDIC), bypassing the strict regulations and other challenges that come with starting a bank from scratch. Mr. Parker says. “When larger financial institutions absorbed some of the minority deposit institutions banks, they left a tremendous void for these banks, who previously served minority communities by providing small to medium-sized business loans."

Discover How An Informative New Course By Derrick Hill Helps Black Nonprofits Get Elusive Funding

DERRICK HILL CREATES NEW COURSE TO HELP NONPROFIT ORGANIZATIONS GET FUNDING

Many nonprofit organizations never reach their full potential due to the lack of funding. As a result, Derrick Hill, CEO of HillChase LLC, offers his newest course that enables nonprofits to rapidly increase their revenue, have maximum impact, and sustainable growth.

Derrick’s clients include but are not limited to Steve & Marjorie Harvey Foundation, Rickey Smiley Foundation, Chef G, Garvin Foundation, Boys & Girls Club, Colon Cancer Foundation, and many others. The same success strategies he delivers to these and other nonprofits are now available in the course: “Grow & Expand Your Nonprofit in 90 Days.”

“At HillChase, our mission is to help nonprofits be as successful as possible so that they can make the biggest difference possible,” explained Hill. “Our firm has over 15 years developing hundreds of nonprofits, including those focused on children and youth, community and economic development, housing, urban education, family engagement, and many other nonprofits structures. I understand the pressure that every nonprofit leader has to serve more beneficiaries, raise more money, and do more with less. That’s why I wanted to offer our firm’s education and expertise to any nonprofit in need.”

See Why Mortgage Pro Timothy Griggs Created The New App To Help You Manage Your Credit

BLACK-OWNED CREDIT CARD APP LAUNCHED TO HELP YOU IMPROVE AND MANAGE YOUR CREDIT SCORE

Timothy Griggs with 30+ years of experience in the mortgage industry has designed and launched an app called The Good Steward Financial System to help users manage their credit cards all in one place. Instead of having to login into multiple apps and websites to decide which credit card is best to use for a transaction, this mobile app consolidates all of the important information into one interface.

This app launch is just in time because many credit card companies are having a hard time managing the influx of traffic to their call centers and their mobile apps. This mobile app connects you directly with the backend of your credit card processing companies through an API and avoids the slow information acquisition that plagues the credit card apps daily.

By the year 2023, revolving credit card debt will expand by another $100 billion from $1.08 trillion. Now is the time to monitor and be strategic about your revolving credit, and this mobile credit card app will help you do just that.

Black-Owned Startup AfriBlocks Joins $26B Investment Platform

BLACK-OWNED STARTUP JOINS INVESTMENT PLATFORM WITH A MARKET CAP OF MORE THAN $26 BILLION

At AfriBlocks, they dare to design the future of work in Africa and beyond. By connecting a growing network of African freelancers with paying jobs across the Diaspora, they are poised to do their part to offset the impending global tech talent shortage. In a major boost to our efforts, Afriblocks is honored to announce that we have been selected as a part of Techstars Seattle's 2021 cohort!

Since its inception in 2006, Techstars has guided 2,379 companies to raise more than $11.4 billion in investments. Fueled by its mentorship-driven program, Techstars is steadily building a legacy of successful startups, with more than 80% of participating companies being active or acquired.

Black-Owned Tech Startup Raises $225M

BLACK-OWNED TECH STARTUP IN LOS ANGELES RAISES $225 MILLION, THE LARGEST INVESTMENT EVER FOR A TECH STARTUP LED BY AFRICAN AMERICANS

Los Angeles, CA -- A new Black-owned startup is making history as they have now received the largest investment ever for an African American led technology startup in the nation.

Black Unicorn Factory is an African American Accelerator program that is about to take the US by storm with its game-changing accelerated growth strategy for small businesses. This enterprising new development program, now commonly referred to as an 'accelerator' has raised $225 million dollars in funding from investors.

This is historic because currently only 1% of all venture capital is invested in African American startups. Currently, there are over 500 unicorns in the world but not one is owned by an African American.

HBCU Grad Launches $10.7M Venture Capital Firm

ENTREPRENEUR LAUNCHES $10.7M VENTURE CAPITAL AND PRIVATE EQUITY FIRM CALLED HBCU SEED

Nationwide -- While attending Oakwood University as a business major, Terrel Davis became a serial student entrepreneur who recognized three significant problems that HBCU students faced: lack of resources, services, and funding. As such, he decided to establish HBCU Seed, a venture capital and private equity firm that solely invests in businesses owned by HBCU students, alumni, faculty, and staff.

As an HBCU student, Davis witnessed firsthand the socioeconomic difficulties that student entrepreneurs had to face. HBCUs (Historically Black Colleges and Universities) generally only receive minimal financial support and amenities. That in turn leaves less money for them to support student entrepreneurs.

Experts say that the future of HBCUs is bleak since state legislatures and the federal government have reduced their funding in favor of financing institutions with larger endowments. When Davis established his own business, he was met with the same problems.