Atlanta Rapper Michael ‘Killer Mike’ Render and co-founder Ryan Glover introduced their digital banking platform Greenwood last year and some big names in finance have jumped on board.
The fintech startup named after the Tulsa, Oklahoma, district known as Black Wall Street, raised around $40 million in Series A funding since its launch in October. Truist, Bank of America, and JPMorgan Chase headline a list of major financial institutions that have invested in Greenwood.
The digital bank was forced to delay its January launch due to its overwhelming demand. More than 500,000 people have signed up for an account with Greenwood. Other major investors in Greenwood include Mastercard, Wells Fargo, SoftBank, PNC, and Banco Popular.
Vanessa Vreeland, who heads Truist’s capital division said the bank believes in Greenwood’s mission of financial freedom, empowerment, and closing the racial wealth gap.