Fearless Fund’s Strivers Grant Program, a grant program for Black women-owned small businesses, was already facing challenges before a lawsuit was filed against it in August 2023. The grant program’s sponsor, Mastercard, had reduced its funding and was no longer as passionate about the program as it once was. Additionally, Fearless Fund was planning to revamp the grant program and was hoping to secure two more years of funding from Mastercard. By Coshorts
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