ImpactAlpha, March 29 — Greenwood, Black-led neobank founded by former Atlanta mayor Andrew Young, rapper Michael ‘Killer Mike’ Render, and Bounce TV’s Ryan Glover, has raised $40 million to build better banking services for Black and Latino Americans, said Greenwood’s Glover in announcing the Series A financing.
“Greenwood is better equipped than ever to provide equitable, best-in-class, full-baking services to Black and Latino individuals, families and businesses,” he said. Nearly 600,000 customers have signed up for Greenwood since its October launch.
Truist Ventures, the venture capital arm of Truist Bank, led the Series A. Other investors include Bank of America, PNC, JPMorgan Chase, Wells Fargo, Mastercard, Visa, SoftBank Group, Lightspeed Venture Partners, and Panoramic Ventures’ Paul Judge (see, “Panoramic Ventures hunts for underserved founders in overlooked markets”).