Ohio judge rejects lawsuit against fintech platform, Hello Alice

Hello Alice, a fintech platform dedicated to supporting underrepresented entrepreneurs, emerged victorious in a lawsuit brought by America First Legal, which sought to undermine the company’s mission to provide equitable access to capital and resources.

The dismissal of the case by a federal judge in Ohio marks a significant milestone for Hello Alice and the broader small business community in the United States. “This resolution marks a pivotal moment not only for our company but for the broader small business community in the United States,” said Elizabeth Gore, co-founder and president of Hello Alice. we read in a press release. “Faced with labor shortages, rising interest rates and inflation, this country needs its small business owners, and they, in return, need the capital and resources provided by programs like Hello Alice. We are thrilled with the ruling in favor of Hello Alice, as this represents one less threat to the small business community and our nation’s economy.”

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Attorney Neal Katyal, representing the fintech platform, believes the dismissal is crucial for the diverse small businesses competing in today’s economy. The decision further propelled the company’s mission to foster an inclusive ecosystem where every entrepreneur has the opportunity to thrive.

Hello Alice has seen significant growth, closing its collection of Series C businesses and expanding its community to support 1.5 million small business owners.

The company also has introduced a range of inclusive financial products and programmes, including Small Business Mastercard, Business Health Score, Equitable Access Program and Fund, and Elevate the American Dream. Through Elevate the American Dream, Hello Alice has already distributed 49 grants this year, bringing total grant funding to more than $40 million. The latest round of funding will do that fuel expansion of the platform’s cutting-edge, AI-powered financial services and its dedicated Small Business Funding Hub, a vital channel that connects entrepreneurs with the capital they need to thrive.

Matt Brewster, Hello Alice’s chief financial officer, recently appeared at Mastercard’s Small Business Summit in New York City impart valuable information and strategies to small business owners

trying to gain a competitive advantage in today’s fast-paced and ever-changing marketplace.

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