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Black Entrepreneurship In The United States

The Horizons Tracker

The researchers believe that a part of this is due to poor financial literacy, with 82% of those African Americans surveyed lacking knowledge of things such as their credit score, or of the state agencies designed to help small businesses. Despite this, Black entrepreneurs make up just 3.5% of all business owners in the US.

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How Banks Can Compete Against an Army of Fintech Startups

Harvard Business Review

Approval times are cut to days or, in some cases, a few minutes, fueled by data-driven algorithms that quickly pre-qualify borrowers based on a handful of data points such as personal credit scores, Demand Deposit Account (DDA) data, tax returns, and three months of bank statements.

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