PayPal has been sued by an Asian American businesswoman who accused the digital payments company of racial bias for restricting part of a $535 million investment program to Black and Hispanic applicants,

Asian American businesswoman Nisha Desai has sued PayPal, accusing the company of racial bias in its investment program. According to the suit, the program unfairly restricted funding to Black and Hispanic applicants,

PayPal Holdings Inc. unlawfully excludes Asian Americans and others from a multi-million dollar program that invests in Black and Latinx-led emerging venture-capital funds, according to a federal lawsuit filed in New York.

An Asian American fund manager accused the payments company of discrimination by ignoring her application under a $100 million initiative.

The lawsuit is part of a growing push among some conservatives to curtail diversity, equity and inclusion initiatives in corporate America.

Financial technology company PayPal ($PYPL) is being accused of racial bias against Asian Americans in a new lawsuit. In a New York City court, an