Fintech Company Greenwood Raises $40M in Funding

27 Mar, 2021

Fintech Company Greenwood Raises $40M in Funding
Photo by Michael Niessl on Unsplash

– Greenwood, a digital banking platform for Black and Latino individuals and business owners, raised $40m in Series A funding.
– The round was led by Truist Ventures with participation from Bank of America, PNC, JPMorgan Chase, Wells Fargo, Mastercard, and Visa, FIS, Popular, TTV Capital, SoftBank Group Corp’s SB Opportunity Fund, Lightspeed Venture Partners (Scout Fund), Quality Ventures, and Alvin Kamara.
– The new investment will be used to expand the company’s business reach and build a range of financial products and services for financial empowerment.

Banking Financial Services FinTech North America
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