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Fearless Fund to End Grant Programme for Black Women Founders, Settles Lawsuit

The investment firm focused on women of colour agreed to end one of its grant programmes, bringing to a close year-long litigation with the American Alliance for Equal Rights. The fund will continue to operate other similar initiatives.
Arian Simone, Fearless Fund founding partner and chief executive.
Arian Simone, Fearless Fund founding partner and chief executive. (Getty)

The Fearless Fund will end its Strivers Grant Contest, which provided funds to Black women entrepreneurs, as part of a settlement reached this week with the American Alliance for Equal Rights.

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