Request Line: (870) 277-1080 [email protected]
Text Your Gift to KLEK1 to 44-321 LEARN MORE

Your Community Radio Station is possible thanks to this supporter!  Become an underwriter.

Killer Mike’s Digital Banking Platform, Greenwood, Raises Nearly $40 million in Funding From Investors

Written by Good Black News

March 29, 2021

[Photo: Killer Mike, Andrew Young, Ryan Glover via bankgreenwood.com]

Greenwood, the digital banking platform introduced last year by co-founders activist/rapper Michael “Killer Mike” Render and Bounce TV President Ryan Glover, has raised almost $40 million in Series A funding since its website launched in October 2020, according to a joint announcement last week.

The burgeoning financial startup — named for the Black business district in Tulsa, Oklahoma that existed in the early 20th century (before the 1921 Tulsa Massacre) and earned the nickname “Black Wall Street” — received investments from Truist Bank, Bank of America and JPMorgan Chase, PNC, Wells Fargo, Mastercard, Visa, and SoftBank, six of the seven biggest banks among others on a growing list of major financial institutions now invested in Greenwood.

[embedded content]

“The net worth of a typical white family is nearly ten times greater than that of a Black family and eight times greater than that of a Latino family. This wealth gap is a curable injustice that requires collaboration,” said Greenwood Chairman Glover.

“I am elated that many of the world’s top fintech companies have invested in Greenwood and join us in this mission. The backing of six of the top seven banks and the two largest payment technology companies is a testament to the contemporary influence of the Black and Latino community. We now are even better positioned to deliver the world-class services our customers deserve.”

Greenwood delayed its planned January 2021 launch date because of overwhelming demand after more than 500,000 people signed up for an account before launch.

To learn more and join the Greenwood community and product waitlist, visit www.bankgreenwood.com

Original article source: https://goodblacknews.org/2021/03/29/killer-mikes-digital-banking-platform-greenwood-raises-nearly-40-million-in-funding-from-investors/ | Article may or may not reflect the views of KLEK 102.5 FM or The Voice of Arkansas Minority Advocacy Council

0 0 votes
Article Rating

Related Articles

#JazzAppreciationMonth: The Savoy Ballroom – Harlem’s “Home of Happy Feet” (LISTEN)

by Lori Lakin Hutcherson (@lakinhutcherson) As #JazzAppreciationMonth nears its end, today GBN celebrates the “Home of Happy Feet” that was one of the first integrated public entertainment spaces in the Read more

University of Michigan Economist Susan M. Collins to Become President and CEO of the Federal Reserve Bank of Boston

University of Michigan economist and executive vice president of academic affairs Susan M. Collins will be the next president and chief executive officer of the Federal Reserve Bank of Boston, taking office Read more

GBN Daily Drop Podcast: Ann Lowe – Fashion Designer for Harlem, Hollywood and the White House (LISTEN)

by Lori Lakin Hutcherson (@lakinhutcherson) Today’s GBN Daily Drop podcast is based on the Wednesday, February 16 entry in the “A Year of Good Black News” Page-A-Day®️ Calendar for 2022 about haute couture designer Read more

GBN’s “A Year of Good Black News” Page-A-Day Calendar for 2022 Now Available for Pre-Order

by Lori Lakin Hutcherson, Good Black News Editor-in-Chief This March in our Good Black News anniversary post, I mentioned GBN would be coming out with its first physical product this Read more

Comments

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Your Community Radio Station is possible thanks to this supporter!  Become an underwriter.

Pin It on Pinterest