Three influential Atlanta executives joined forces to launch a new digital banking platform, Green wood, with the mission of bringing financial empowerment to all. Bounce TV founder Ryan Glover, rapper and activist Michael “Killer Mike” Render, and former Atlanta Mayor and civil rights leader Andrew Young co-founded Greenwood last year, and he’s already raised nearly $ 40 million in financing.
Many leading financial institutions, including Truist Bank, Bank of America, and JPMorgan Chase, have all invested in the next digital banking platform. Grey’s Anatomy actor Jesse Williams and New Orleans Saints running back Alvin Kamara have also joined Greenwood’s investment team.
These large investments in Greenwood are not the only sign of its bright future. There is already an overwhelming demand to launch the service, with more than 600,000 people having already joined their waiting list.
Greenwood was created with the primary goal of widespread financial empowerment and to work to help close the wealth gap by making banking services more accessible and easier to use. The new fintech startup is aimed at individuals, families and businesses belonging to minorities, but is open to anyone who is interested.
The new bank is named after the flourishing African-American business district of the early 1900s in Tulsa, Oklahoma, dubbed “Black Wall Street”.
Greenwood is expected to launch its digital banking services by the end of 2021 and will announce more investment product offerings in 2022.