PayPal accused of discriminating against Asian Americans in funding program

From Investing.com: 2025-01-03 18:55:52

Asian American businesswoman Nisha Desai sues PayPal for racial bias, claiming they restricted a $535 million investment program to Black and Hispanic applicants, costing her millions. Desai, born and raised in the Deep South, felt she was a good fit for the program but was denied funding due to her Asian descent. PayPal invested $100 million in 19 venture capital firms led by Blacks and Hispanics. Desai accuses PayPal of violating civil rights laws and seeks unspecified damages. The case highlights a push to curtail diversity initiatives in corporate America.



Read more at Investing.com: PayPal accused of racial bias against Asian Americans in funding program By Reuters