News Summary

PayPal is facing a lawsuit from Nisha Desai, an Asian American businesswoman and founder of Andav Capital, who accuses the company of racial bias in its investment program. Desai claims that after applying for funding from PayPal’s $535 million investment program aimed at supporting minority-owned businesses, she was suddenly cut off from communication by the company. The lawsuit, filed in New York, alleges that PayPal unlawfully restricted its investment program to Black and Hispanic applicants, excluding Asian Americans and costing Desai potential investment opportunities. Desai is seeking damages and an injunction to prevent PayPal from considering race and ethnicity in its investment decisions. The case highlights broader debates over diversity, equity, and inclusion initiatives within corporate America.