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PayPal accused of racial bias against Asian Americans in funding program | |
2025-01-04 | |
[Jpost] PayPal has been sued by an Asian American businesswoman who accused the digital payments company of racial bias for restricting part of a $535 million investment program to Black and Hispanic applicants, costing her millions of dollars. Thursday's complaint by Nisha Desai and her New York-based venture capital firm Andav Capital is part of a growing push among some conservatives to curtail diversity, equity and inclusion initiatives in corporate America. Born to and raised by immigrant parents in the Deep South, Desai thought herself a good fit for PayPal's investment program, which the San Jose, California-based company announced in June 2020 to support Black and minority-owned businesses and help address economic inequality. Desai said she spent 1-1/2 months seeking funding before PayPal stopped communicating, even as the company invested $100 million in 19 venture capital firms led by Blacks and Hispanics. She said PayPal has told multiple other businesswomen they were ineligible for funding because of their Asian descent.
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Posted by:Grom the Reflective |