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What Is CashBlack?

Cashback for Backing Black-Owned

CashBlack rewards you with cashback when you shop with Black-owned businesses. Keep it, or give it to a Black-led cause. Founded in 2020 by three brothers to help close the racial wealth gap, one purchase at a time.

What CashBlack Does

  • Shop Online

    Black-owned brands in one directory, with cashback on every purchase that tracks.

  • Order to Your Door

    Black-owned restaurants on DoorDash and Uber Eats, with cashback on your order.

  • Find Local Stores

    Black-owned shops, salons and restaurants near you.

  • Give Back

    Cash out to your PayPal, or give it to a Black-led cause through GiveBack.

See how every part works

How CashBlack Started

CashBlack was founded by Matthew, Jonathan and Nicholas Addai, three brothers from St. Albans, Hertfordshire, who came up with the idea in 2020. During that summer's global anti-racism movement, it became clear to the wider population that there was a direct correlation between socioeconomic issues faced by Black people throughout the world and the lack of support for Black-owned businesses.

We felt that a way to address these issues would be to incentivize patronage in Black-owned businesses and have the Black-owned businesses reinvest back into consumers.

"How about a cashback website?" we thought.

"A cashback website, for Black-owned businesses."

"Why don't we call it 'CASHBLACK'?"

And what started off as a play on words is now our platform for supporting your support of Black-owned businesses.

Watch: The CashBlack Story

Why Back Black-Owned Business?

Socio-economic disparities and systemic barriers facing Black communities in the U.S. are directly linked to underinvestment in Black-owned businesses. We believe that economic empowerment through conscious consumerism is one of the most effective ways to create lasting change.

  • A boardroom meeting around a long table
    Social Impact

    Underrepresentation

    Black professionals remain severely underrepresented in leadership roles across American corporations. Only 3.8% of executive and senior-level positions are held by Black individuals, despite making up 13% of the workforce.

    Black execs in corporate leadership
    3.8%
    Black CEOs in Fortune 500
    1.4%

    Sources

    • Only 1.4% of Fortune 500 CEOs are Black, and just 3.8% of executive roles are held by Black Americans. (Fortune, Catalyst, 2023)
    • While Black Americans make up 13% of the U.S. population, only 4% start their own businesses, compared to 10% of white Americans. (U.S. Census Bureau, Kauffman Foundation, 2022)
  • Hands gripping the bars of a cell
    Social Impact

    Crime & Incarceration

    Supporting Black entrepreneurship provides legitimate pathways for talent often funneled into the criminal justice system due to lack of opportunity. Economic inclusion reduces recidivism and strengthens community safety.

    More likely to be incarcerated
    5x
    Of federal prison population
    28%

    Sources

    • Black Americans are 5 times more likely to be imprisoned than white Americans. (Bureau of Justice Statistics, 2023)
    • Though only 13% of the U.S. population, Black Americans make up 28% of the federal prison population. (DOJ, 2022)
  • A fist bump between two people
    Social Impact

    Racial Inequality

    Systemic bias persists in education, employment and housing. Supporting Black businesses helps shift narratives, challenge stereotypes and build inclusive communities.

    Say discrimination is a major problem
    76%
    More likely to face workplace discrimination
    3x

    Sources

    • 76% of Black adults say being Black makes it harder to get ahead in life. (Pew Research, 2023)
    • Black workers are nearly 3 times more likely than white workers to file EEOC complaints about race-based discrimination. (EEOC, 2022)
  • A family celebrating outside their newly bought home
    Economic Impact

    Racial Wealth Gap

    The racial wealth gap in America is one of the largest in the developed world. The median Black household holds just 15% of the wealth of the median white household, a disparity rooted in generations of exclusion from homeownership, lending and business investment.

    Median white household wealth
    $248K
    Median Black household wealth
    $24K

    Sources

    • The median white household has $248,000 in wealth, compared to just $24,000 for the median Black household. (Federal Reserve, 2023 Survey of Consumer Finances)
    • Over 20% of Black families have zero or negative net worth, compared to 9% of white families. (Urban Institute, 2022)
  • A handshake across an interview table
    Economic Impact

    Unemployment

    Black Americans face persistent unemployment gaps, even with equal education levels. Supporting Black-owned businesses creates jobs within communities that traditional systems often overlook.

    Black unemployment rate (2024 avg)
    6.1%
    Higher than white unemployment
    2x

    Sources

    • The Black unemployment rate is consistently double that of white Americans. In 2024, it averaged 6.1% vs. 3.1% for whites. (BLS, 2024)
    • Even when equally qualified, Black job applicants are 36% less likely to receive callbacks than white applicants. (National Bureau of Economic Research, 2023)
  • Hands working a calculator over a notebook
    Economic Impact

    The Economy

    Black entrepreneurs are among the fastest-growing groups starting businesses in America. Yet they face disproportionate barriers to capital and growth, limiting their potential impact on the national economy.

    Loan denial rate for Black startups
    78%
    Average Black business revenue
    $48K

    Sources

    • 78% of Black-owned businesses are denied conventional small business loans, the highest denial rate of any group. (Federal Reserve, 2023)
    • The average Black-owned business earns $48,000 annually, just 38% of the $126,000 average for white-owned businesses. (U.S. Census, 2022)
    • If Black-owned businesses were funded at parity, they could generate over $1 trillion in additional economic output. (McKinsey & Company, 2021)

Our Mission

We believe that CashBlack uniquely satisfies the demands of our time:

  • CashPeople want “cash”, as shown by rising interest in investing, trading and financial security post-pandemic.
  • BlackPeople want to support the “Black” community, proven by historic protests, corporate DEI pledges and public demand for equity.

More than just a name, “CashBlack” represents a powerful fusion of financial reward and social responsibility. We're committed to making real change, one purchase at a time.

Join the Movement

Free to join. Your first cashback is one purchase away.