June 7th 2024.
Hello Alice, a groundbreaking fintech platform dedicated to empowering underrepresented entrepreneurs, has just achieved a major victory in a legal battle against America First Legal. This organization had filed a lawsuit in an attempt to undermine Hello Alice's mission of providing fair and equal access to vital resources and capital for small business owners. However, a federal judge in Ohio dismissed the case, marking a significant milestone not only for Hello Alice but for the entire small business community in the United States.
In a press release, Elizabeth Gore, co-founder and President of Hello Alice, expressed her elation over this resolution, stating that it is a pivotal moment for the company and the small business community as a whole. With a labor shortage, rising interest rates, and inflation, the country relies heavily on its small business owners, and programs like Hello Alice are essential in providing them with the necessary support. The judgment in favor of Hello Alice is a significant step in securing the future of our nation's small businesses and economy.
Lead counsel Neal Katyal, who represented Hello Alice in the lawsuit, believes that this dismissal is crucial for promoting diversity and inclusivity in today's economy. This decision has further solidified Hello Alice's mission to create an inclusive ecosystem where every entrepreneur has the opportunity to thrive.
Since its inception, Hello Alice has experienced remarkable growth, closing its Series C venture raise and expanding its community to support 1.5 million small business owners. The company has also introduced a range of inclusive financial products and programs, including the Small Business Mastercard, the Business Health Score, the Equitable Access Program and Fund, and Elevate the American Dream. Through Elevate the American Dream, Hello Alice has already distributed 49 grants this year, totaling over $40 million in grant funding. The recent funding round will further fuel the expansion of the platform's cutting-edge, AI-powered financial health services and its dedicated Small Business Funding Center, which connects business owners with much-needed capital.
Matt Brewster, the Chief Financial Officer at Hello Alice, recently attended Mastercard's Small Business Summit in New York City, where he shared valuable insights and strategies for small business owners striving to stay ahead in today's fast-paced and ever-changing market. His key takeaways from the summit can be found in a recent article on Hello Alice's website. This event was just one of the many ways Hello Alice continues to support and empower small business owners across the country.
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