Business
Uber’s $50 Million Pledge Adds to Push for Minority Lending
Other companies, including Twitter, Netflix and Bank of America, have also committed $1 billion this year.
Uber Technologies Inc. will invest $50 million to support minority and underserved communities, part of a broader commitment from U.S. companies to address inequity in access to banking and loans.
Uber will earmark $25 million for the Keepers Fund, a vehicle sponsored by the National Bankers Association to support so-called minority depository institutions, and another $25 million in direct deposits with such entities, the company said Tuesday in a statement.
