Greenwood raises $3m for digital banking platform for Blacks and Latinx

Greenwood raises $3m for digital banking platform for Blacks and Latinx

Civil rights legend Andrew Young and rapper Killer Mike have raised $3 million in seed funding for a digital banking platform for Black and Latinx people and business owners.

Helping The Unbanked Get Banked: Killer Mike Talks Greenwood Mobile Banking Platform, Black Wealth

Greenwood is a mobile banking platform that was inspired by the early 1900s Greenwood District, where recirculation of Black wealth occurred regularly and a place where Black businesses thrived. The creators of Greenwood Aim to tackle economic injustice.

The mobile financial institution exists to help the “unbanked get banked.”

From https://bankgreenwood.com:
It’s no secret the current financial system has failed at keeping wealth in the Black and Latinx community. Our communities suffer from a lack of wealth, money circulation in the Black community, and generational transfer. That is why we created a new Black owned financial institution. A mobile banking platform inspired by the early 1900’s Greenwood District, where recirculation of Black wealth occurred all day, every day, and where Black businesses thrived. Today’s Greenwood is a Black owned banking system developed by us, for us. This is our time. Join us now.

During Wednesday’s edition of #RMU, Roland spoke with Greenwood Co-founder Michael “Killer Mike” Render and Greenwood’s Chief Compliance and Risk Officer Lynn Tillman-Cherry about the new banking platform and about how they intend to help our community take back control of our lives and our financial future.

Joining me now is Greenwood Co-founder Michael “Killer Mike” Render and Greenwood’s chief Compliance and Risk Officer Lynn Tillman-Cherry.

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Repairing Centuries of Racist Banking

Over the past year-and-a-half, more than 699,000 people have added their names to the waiting list of a financial startup named Greenwood. Here’s how Michael “Killer Mike” Render is fighting to close the racial wealth gap by helping to launch a new banking service.
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#WealthGap #Greenwood #Explained

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How Killer Mike’s Greenwood Bank Will Transform Banking For Minorities

How Killer Mike’s Greenwood Bank Will Transform Banking For Minorities

Greenwood Bank is a popular topic in certain circles. After recent events, there has been a rise in interest in black-owned banks and building black wealth in general. In fact, there’s an entire Bank black USA movement that’s starting to form around Greenwood Bank and the potential of other banks like it.

Greenwood Bank if founded by Killer Mike and Ryan Glover. It’s named after the Greenwood district in Tulsa, Oklahoma. The bank goes by a few different names in popular culture such as Killer Mike Bank, Bank Greenwood, Greenwood digital bank, and Greenwood Financial.

Welcome to Smart Money – Personal Finance! Today we end our black financial history month coverage by discussing Greenwood Financial. Some people are looking for Greenwood Bank Stock, but that doesn’t exist at this time. Greenwood is described as a “neobank”. We’ll go into the neobank definition in this video, as well as other bank black principles. And as always, it will be explained simply just how you like it in 2021.

0:00 – Hook
0:31 – Intro
1:46 – How is Greenwood Financial Different?
3:14 – What is Neobanking?
4:18 – The Reason For Greenwood Bank
5:46 – How Does Greenwood Work?
7:26 – Greenwood Digital Bank Is For Everyone

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Digital bank start-up Greenwood co-founder on serving Black, Latinx community

Digital bank start-up Greenwood wants to help close the racial wealth gap. It aims to provide financial services for Black and Latinx customers. Greenwood raised $40 million from some of the nation’s largest banks in its series A round, including Truist, Bank of America, PNC, JPMorgan Chase, Wells Fargo and Visa. Ryan Glover, Greenwood co-founder and chairman, joined “Squawk Box” on Thursday to discuss. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

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