Nisha Desai, an Asian American businesswoman, has filed a lawsuit against PayPal, alleging racial bias in its $535m investment program, which she claims unfairly restricts funding to Black and Hispanic applicants. Desai, who leads the New York-based venture capital firm Andav Capital, said: “To PayPal and its executives, Asian Americans might be minorities, but they’re the wrong kind of minority.” She accuses the company of violating several civil rights laws and is seeking unspecified damages, as well as a ban on considering race and ethnicity in its investment decisions. PayPal has declined to comment on the ongoing litigation.
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