Nubank chooses startups founded by blacks to invest

This Wednesday (26), Nubank reported that it chose two more startups to invest through the Semente Preta fund, which will allocate up to R$ 1 million in Brazilian startups that are founded by black people. They will be: AkinTec, a fintech that offers bill payments and withdrawals, and Toti Diversidade, a platform that introduces refugees and migrants to the job market in the technology sector.

As a result, the selection of Nubank's Semente Preta fund takes into account criteria such as geographic plurality and gender-diverse teams. Another point is also the fact that the company is based on technology that has already validated its minimum viable product (MVP).

While AkinTec focuses on the C, D and E classes seeking to transform businesses into “banks” with the blockchain service. Toti Diversidade has a face-to-face and online teaching platform, which prepares refugees in programming areas according to the specific demands of the companies.

The chosen startups can use Nubank funds to expand the team and also implement improvements. They will be able to count on a development program that includes mentoring sessions with the presence of Nubank executives and also with Monique Evelle, Nubank's innovation consultant.

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