Killer Mike’s Digital Banking Platform Greenwood Secured Over $45 million in Funding

Killer Mike‘s Greenwood, a bank geared towards Black and Latinx people that was launched in 2020 by the rapper alongside former Atlanta mayor Andrew J. Young and Ryan Glover, secured a $45 million in investment mostly from Pendulum, an investment advisory firm.

Additional investors include Cercano Management, Cohen Circle, The George Kaiser Family Foundation and NextEra Energy. The organizations join the likes of Bank of America, Citi Ventures, PNC, Popular, Truist Ventures, TTV Capital and Wells Fargo, who backed Greenwood as investors at launch.

According to the press release, the digital banking platform already has over 100,000 customers whose funding “will accelerate Greenwood’s vision of closing the racial wealth gap and providing the tools and education needed to empower the Black and Latino communities to build generational wealth.

Greenwood has started with savings and spendings account, with Mike and his team providing Apple, Samsung and Android pay features, mobile check deposits, peer-to-peer transfers, virtual debit cards and free ATM usage in over 30,000 locations.

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