Killer Mike's Greenwood banking platform raises nearly $40 million in Series A funding
CNN
Some of the biggest names in finance are betting big on the success of Greenwood, the digital banking platform introduced last year by co-founders Ryan Glover and rapper/activist Michael "Killer Mike" Render.
The burgeoning fintech startup — named for the early 20th century African-American business district in Tulsa, Oklahoma, that earned the nickname "Black Wall Street" — has raised more than $40 million in Series A funding since its website launched in October, according to a joint announcement unveiled Thursday. "The challenge of the racial wealth gap can only be effectively addressed by a coalition focused on the mission of financial equity," Killer Mike told CNN Business via email Wednesday. "Greenwood's Series A funding round is a major step towards economic empowerment to Latino and Black individuals, families, and businesses by assembling multiple parties in finance and financial services to act in concert."
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