Tech Watch: Seven Black-Owned Startups to Keep Your Eye On

By Megan Sayles, AFRO

Startups are popping up across the country in a variety of different industries– each one with a new, innovative product or service to offer. Some even grant patrons the opportunity to seize their stake in the company in exchange for equity. 

Here’s a look at some of the latest ventures to follow and invest in: 

[…]

EnrichHER

Right now, the fastest-growing segment of entrepreneurs in the U.S. is Black women. In the current business climate, start-up founders only receive a fractional amount of funding from venture capitalists. Launched just two years ago, EnrichHER is the only Black woman-owned financial tech (“fintech”) lender supporting businesses owned by women and people of color. 

Fintech expert and gender advocate Roshawnna Novellus created the company after years of running a tax and accounting firm and witnessing numerous women of color struggle to secure the capital required to grow and scale their businesses. You can support these underestimated entrepreneurs by lending to EnrichHER, which pays your loan back in full plus five percent interest after a year. 

Rubitection 

This healthtech company created a software platform for skin health assessment and skin care management. Manual and visual skin inspections – the current clinical standard– leave room for error, especially in people with darker skin tones. To address this biotech founder Sanna Gaspard established Rubitection to roll out a comprehensive system for skin concerns. The platform offers risk analytics and alerts for skin health, severity progression monitoring and remote monitoring and telehealth services. The company currently has a waitlist for those interested in purchasing the Rubitect Assessment System. 

See the full list.