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The Rise of Gen Z-Led Tech Startups

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Generation Z, born between the mid-1990s and early 2010s, is making waves in the entrepreneurial world, particularly in the tech industry. This tech-savvy, innovative, and socially conscious generation is redefining the startup ecosystem with their unique approach to business. Here are some notable Gen Z-led startups that are gaining significant traction:

1. Figma

  • Founders: Dylan Field and Evan Wallace
  • Focus: Collaborative web-based design tool
  • Impact: Figma has revolutionized the design industry by providing a platform that allows multiple users to work on the same design project in real-time. This has made design more accessible and collaborative, leading to its acquisition by Adobe for $20 billion in 2022.

2. Brex

  • Founders: Henrique Dubugras and Pedro Franceschi
  • Focus: Financial services and credit cards for startups
  • Impact: Brex has simplified financial management for startups by offering corporate credit cards with no personal guarantee and integrated expense management software. The company has raised significant funding and is valued at over $7 billion.

3. Bolt

  • Founder: Ryan Breslow
  • Focus: E-commerce checkout technology
  • Impact: Bolt aims to streamline the online checkout process, reducing cart abandonment rates and increasing conversion rates for e-commerce businesses. The company has raised over $1 billion in funding and is valued at $11 billion.

4. Zogo

  • Founders: Bolun Li, Simran Singh, and David Tsai
  • Focus: Financial literacy app
  • Impact: Zogo partners with financial institutions to provide gamified financial education to young people. The app rewards users for learning about personal finance, making financial literacy engaging and accessible.

5. The Social Standard

  • Founder: Jessy Grossman
  • Focus: Influencer marketing and brand partnerships
  • Impact: The Social Standard helps influencers monetize their online presence, reflecting the rise of the creator economy among Gen Z entrepreneurs. By connecting brands with influencers, the company facilitates authentic marketing campaigns that resonate with younger audiences.

Key Characteristics of Gen Z Startups

Tech-Savviness and Digital Fluency
Gen Z entrepreneurs have grown up in a digital age, giving them an inherent understanding of technology. They are not just adapting to digital trends; they are setting them. This digital fluency equips them with the skills to develop tech-forward startups that are innovative and relevant.

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Innovative Solutions for Modern Challenges
Many Gen Z-led startups focus on solving contemporary issues such as climate change, mental health, and social inequality. Their ventures often incorporate advanced technologies like AI and machine learning to create impactful solutions.

Emphasis on Social Impact
Gen Z is known for its values-driven approach to business. Startups like Zogo highlight this generation’s commitment to societal well-being and financial literacy. They prioritize purpose-driven work and seek to make a positive impact through their ventures.

Adapting to Market Needs with Agility
The COVID-19 pandemic has underscored Gen Z’s ability to quickly pivot and adapt. Startups like Bolt illustrate their capacity to respond rapidly to global challenges, demonstrating resilience and innovation.

Utilizing Crowdfunding and Non-traditional Funding Sources
Gen Z entrepreneurs often turn to crowdfunding platforms to secure funding, aligning with their digital nativity and understanding of online communities. This approach not only provides financial support but also validates their ideas in the real market.

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Building Community-Centric Brands
Gen Z startups focus on building communities around their brands. They leverage social media not just for marketing but for creating a loyal customer base that resonates with their brand values. This community-centric approach fosters strong customer relationships and brand loyalty.

Gen Z entrepreneurs are at the forefront of creating startups that are innovative, socially conscious, and technologically advanced. Their ventures are not just businesses but movements that reflect their values and the needs of a rapidly evolving world. As they continue to emerge, the startup ecosystem will increasingly be characterized by digital innovation, social responsibility, and agile adaptation to global challenges.

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Business

Chick-fil-A’s Pathway to Debt-Free College for Its Workforce

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Hundreds of Chick-fil-A employees are now earning college degrees without taking on student debt, thanks to a groundbreaking partnership between Chick-fil-A Operators, Point University, and Ficus Education. This initiative is transforming the lives of team members nationwide, providing them with access to tuition-free, accredited online degree programs while they continue to work at their local restaurants.

The program began in 2023 with a single operator’s vision to help employees earn a college degree without financial burden. Since then, it has expanded rapidly, with over 120 Chick-fil-A Operators participating and more than 170 employees graduating debt-free in 2025 alone. These graduates collectively avoided more than $6 million in student loan debt, a significant achievement in a country where the average college graduate faces $30,000 to $38,000 in loans.

The employer-sponsored model, powered by Ficus Education, covers all tuition costs up front, eliminating the need for loans or out-of-pocket payments. Employees can complete their degrees entirely online through Point University, allowing them to balance full-time work and academic advancement. Schedules are flexible and asynchronous, making this opportunity accessible to frontline and hourly team members.

Operators see the program as a powerful tool for recruiting, developing, and retaining talent, strengthening their restaurants and communities. Graduates gain valuable credentials that open doors to further advancement-whether that means moving up within Chick-fil-A, pursuing other careers, or even aspiring to own a franchise.

Chick-fil-A also offers additional educational benefits, including scholarships of up to $25,000 through its Remarkable Futures™ program, and tuition discounts at over 100 partner colleges. These efforts reflect Chick-fil-A’s broader commitment to investing in its workforce and supporting the academic and professional dreams of its team members.

As the program continues to grow, it stands as a model for how businesses can address the student debt crisis and empower employees to build brighter, debt-free futures.

For more updates on entertainment, business, and culture, stay tuned to Bolanle Media.

Bolanle Media covers a wide range of topics, including film, technology, and culture. Our team creates easy-to-understand articles and news pieces that keep readers informed about the latest trends and events. If you’re looking for press coverage or want to share your story with a wider audience, we’d love to hear from you! Contact us today to discuss how we can help bring your news to life

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Sudden Job Cuts Leave Workers Without Severance or Continued Healthcare Benefits

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A wave of abrupt job cuts is sweeping across multiple sectors in 2025, leaving thousands of workers not only unemployed but also without severance pay or continued healthcare coverage. This trend is generating significant anxiety among employees and raising questions about the evolving nature of workforce management.

A Surge in Layoffs Across Industries

The start of 2025 has been particularly harsh for workers. U.S.-based employers announced 275,240 job cuts in March, a 60% increase from the 172,017 cuts announced one month prior and up 205% from the same month in 2024. The tech sector has seen more than 22,000 layoffs already this year, with 16,084 cuts taking place in February alone. Government, retail, and manufacturing jobs are also being eliminated at an unprecedented pace, with over 64,000 retail jobs cut in the first four months of 2025.

Federal workforce reductions have been especially notable, with over 171,843 government employees laid off in 2025 due to federal downsizing initiatives.. These cuts are part of broader efforts to enhance efficiency and comply with spending caps, but the impact on workers has been severe. So far this year, employers have announced 497,052 job cuts, the highest year-to-date and quarterly total since Q1 2009.

No Severance, No Safety Net

Unlike previous layoff cycles where severance packages and extended healthcare benefits were common, many of the recent job cuts have left workers without any financial cushion or transition support. Employees are often notified of their termination and immediately lose access to company systems and benefits, including health insurance.This abrupt approach has left many scrambling to secure new employment and healthcare coverage, sometimes with little to no warning.

“The speed at which you lose access to your work accounts can differ; in some situations, access may be revoked immediately, while in others, you might have until the end of the day or the week.”

The Human Impact

The lack of severance and continued healthcare is compounding the stress of unemployment. Workers are left to navigate complex benefit systems, often under tight deadlines, to avoid gaps in medical coverage. For many, the sudden loss of income and health insurance is a double blow, especially for those with ongoing medical needs or family obligations.

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What’s Driving the Cuts?

Several factors are fueling this surge in layoffs without severance:

  • Efforts to boost efficiency and cut costs, particularly in government and tech sectors.
  • Economic uncertainty and restructuring in response to market pressures.
  • Over-hiring during the pandemic, followed by rapid downsizing as companies recalibrate.

What Can Workers Do?

Experts advise that anyone facing an unexpected layoff should immediately save all communications related to their termination, as access to company systems may be revoked without notice. Preserving these records can be crucial for negotiating final pay, benefits, or potential legal claims.

As the layoff wave continues, workers are urged to stay informed, maintain updated records, and proactively seek new opportunities to mitigate the impact of sudden job loss in a volatile employment landscape.

Bolanle Media covers a wide range of topics, including film, technology, and culture. Our team creates easy-to-understand articles and news pieces that keep readers informed about the latest trends and events. If you’re looking for press coverage or want to share your story with a wider audience, we’d love to hear from you! Contact us today to discuss how we can help bring your news to life

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U.S. Adds 177,000 Jobs in April; Unemployment Holds Steady at 4.2%

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The U.S. labor market demonstrated continued resilience in April, adding 177,000 jobs and keeping the unemployment rate unchanged at 4.2%, according to the latest data from the Bureau of Labor Statistics. This job growth exceeded economists’ expectations, who had forecast around 133,000 to 138,000 new positions, despite mounting concerns over the economic impact of President Donald Trump’s sweeping tariffs and ongoing policy uncertainty.

Job Gains Outpace Forecasts Despite Headwinds

April’s job creation, while slightly below the revised 185,000 jobs added in March, signaled a robust labor market even as the economy faces headwinds from aggressive trade policies and federal government cuts. The household survey, which measures employment differently from the payroll survey, showed an even stronger gain, with 436,000 more people reporting employment during the month.

Key sectors driving job growth included:

  • Health care: +51,000 jobs
  • Transportation and warehousing: +29,000 jobs, as companies rushed to import goods ahead of tariff deadlines
  • Leisure and hospitality: +24,000 jobs
  • Professional and business services: +17,000 jobs
  • Financial activities: +14,000 jobs

However, manufacturing and retail both saw declines, losing 1,000 and 1,800 jobs respectively, as uncertainty over tariffs and higher costs weighed on these industries.

Wages and Participation

Average hourly earnings rose by 6 cents to $36.06, marking a 3.8% increase over the past year, which aligns with the Federal Reserve’s inflation target. The labor force participation rate edged up to 62.6%, reflecting a slight increase in Americans either working or seeking work.

Broader Measures and Revisions

A broader measure of unemployment, which includes discouraged workers and those working part-time for economic reasons, fell to 7.8%. Meanwhile, revisions to February and March payrolls subtracted a combined 58,000 jobs from previous estimates, suggesting some moderation in earlier job gains.

Economic Outlook: Resilient, but Risks Loom

Economists note that while the job market remains strong, the outlook is clouded by policy risks. President Trump’s “Liberation Day” tariffs-raising duties on a wide range of imports, including a 145% tariff on Chinese goods-have injected volatility into financial markets and could dampen future hiring if trade tensions persist. Federal government employment declined by 9,000 jobs last month, reflecting layoffs and budget cuts.

Despite these risks, the labor market’s performance in April provided some relief to investors, with stock futures rising after the report’s release. The Federal Reserve is now less likely to lower interest rates in the near term, as the jobs data eased fears of an imminent downturn.

“Job growth in April exceeded expectations, even amidst concerns regarding the effects of President Donald Trump’s sweeping tariffs on U.S. trading partners,” CNBC reported.

While experts caution that the full impact of tariffs and policy changes may not be felt for several months, April’s job report underscores the U.S. economy’s capacity to generate jobs and maintain low unemployment in the face of uncertainty.

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Bolanle Media covers a wide range of topics, including film, technology, and culture. Our team creates easy-to-understand articles and news pieces that keep readers informed about the latest trends and events. If you’re looking for press coverage or want to share your story with a wider audience, we’d love to hear from you! Contact us today to discuss how we can help bring your news to life

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