Kibo Announces 20% Discount on Technology and Services for All Certified Minority- and Women-Owned Businesses (MWBEs)

  • Immediate company-wide discount applies to full services and technologies for MWBEs across U.S.

  • Kibo to kick off an MWBE certification initiative to help more businesses receive resources they need and deserve

Kibo, the leader in cloud commerce, today announced that it will offer an immediate 20% discount on all products and services to certified Minority- and Women-Owned Business Enterprises (MWBEs) in the US that the company is doing business with for the first time. Kibo is making this announcement as part of a larger, long-term strategy to support diversity across the ecommerce industry and in our global communities. Women-owned businesses account for 39% of all privately held firms, while minority-owned businesses make up 15% of the nation’s total, together accounting for more than $2 trillion in revenue. Despite this, MWBEs are often underfunded and lack the same support network as other businesses.

“Minority- and Women-Owned Business Enterprises are part of

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Minority tech startups in the US have seen almost no progress in VC funding

Black and Latinx tech startup founders have made almost no progress in securing venture capital (VC) funding over the past seven years in the US, a Crunchbase study released today found. During that period, startups helmed by Black and Latinx founders received just 2.4% of VC investments; so far this year, that figure is slightly higher at 2.6%.

Reasons cited for the persistent low percentage derive from the greater poverty among those groups relative to the White population. Black and Latinx would-be founders have much less access to their own seed capital and to resources from family and community members to launch their firms, yet such “bootstrapping” is considered an essential first step before investors will join in. And they often lack the professional or college networks that can be crucial to connecting with initial “angel” investors or to the venture capital community that typically funds later rounds.

That reality

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Another Minority Health Disparity: Patient Matching

WASHINGTON — Here’s a health disparity laid bare by COVID-19 that you might not have expected: patient matching — identification and linking of one patient’s data within and across health systems — is worse for minorities and underserved groups.

A recent survey by OCHIN (formerly the Oregon Community Health Information Network), a national non-profit health information technology provider for 500 care delivery sites, found that:

  • Black patients make up 13% of OCHIN’s population and 21% of duplicate records, almost twice the expected rate
  • Hispanic/Latino patients make up 21% of the population that OCHIN serves, yet they make up 35% of the duplications, for almost twice the expected rate
  • 3% of OCHIN patients have experienced homelessness, but they account for 12% of mismatches and duplicates, or almost three times the expected rate

In addition, Black patients were 2.5 times more likely than non-Hispanic white patients to have a COVID-19 diagnosis in

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