BLACKSTAR OF THE WEEK
Demi Ariyo, founded Lendoe, a UK-based lender to assist Black and ethnic minority early-stage entrepreneurs.
Ariyo started Lendoe in 2017 as a side hustle and in 2019, began working full-time on the firm.
Lendoe provided loans of between $1,310 and $2,620 to clients when it started. Its clients are mostly into cash-centric businesses like barbers or nail salons and are also often people of color, migrants, women and businesses between 8-21 months old.
BLACK BUSINESS NEWS OF THE WEEK
Nigeria's Startup Bill gets presidential approval
The presidential approval of the Nigeria Startup Bill would help to unlock the full potentials in the Nigerian startup ecosystem.
The Nigerian Government had worked with various stakeholders in the Nigerian technology industry to come up with the bill.
Kenya and Tunisia earlier passed their Startup Bills into law and South Africa is currently in the process of doing same.
BLACK BUSINESS EVENTS
Start Your Own Education Business With Simon Education Sunday 2nd January 17:30