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Jack Dorsey's Square just committed $100 million to boost Black-owned banks and businesses. Here's where the money is going

1 month ago   |   By Business Insider

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Financial services and mobile payment company Square announced on Thursday its plan to invest $100 million to address racial inequality. The company was cofounded by Twitter CEO Jack Dorsey, who serves as its CEO and chairman.
"Our support of black and minority owned financial institutions enables those institutions in turn to put funds into the hands of people in underserved communities - through loans, development projects and investments," Square's CFO, Amrita Ahuja told Business Insider.
"Economic empowerment has been Square's purpose from Day 1 and it is a more...
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