Big banks rush to back Greenwood, Killer Mike’s Atlanta-based digital bank for underrepresented customers

Big banks rush to back Greenwood, Killer Mike’s Atlanta-based digital bank for underrepresented customers

3 years ago
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https://techcrunch.com/2021/03/25/big-banks-rush-to-back-greenwood-killer-mikes-atlanta-based-digital-bank-for-underrepresented-customers/

Before even taking its first deposit, Greenwood, the digital banking service targeting Black and Latino individuals and business owners, has raised $40 million — only a few months after its launch.

Coming in to finance the new challenger bank are six of the seven largest U.S. Banks and the payment technology developers Mastercard and Visa.