Greenwood is a modern digital banking platform for Black and Latino individuals and businesses. Greenwood is partnering with FDIC-insured banks to give customers the ability to spend and save securely to support Black and Latino causes and businesses. Platform features include Apple, Samsung, and Android Pay, virtual debit cards, peer-to-peer transfers, mobile check deposits, and surcharge fee-free ATM usage in over 40,000 global locations. Greenwood was founded by Civil Rights leader Andrew J. Young; rapper and activist Michael "Killer Mike" Render; and Ryan Glover, founder of the Bounce TV Network.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
11/29/2022 | Series A-1 | $45MM | $xx.xx | $349.76MM | Pendulum, Cercano Management, Cohen Circle, The George Kaiser Family Foundation, Bank of America, Citi Ventures, PNC, Popular, Truist, TTV Capital, Wells Fargo | |
Price per Share
$xx.xx
Shares Outstanding
370,594
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Pendulum, Cercano Management, Cohen Circle, The George Kaiser Family Foundation, Bank of America, Citi Ventures, PNC, Popular, Truist, TTV Capital, Wells Fargo
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03/25/2021 | Series A-2 | $46.21MM | $xx.xx | $312.21MM | Bank of America, PNC, JPMorgan Chase, Wells Fargo, Truist, TTV Capital, SoftBank, Lightspeed Venture Partners, Quality Control, Alvin Kamara | |
Price per Share
$xx.xx
Shares Outstanding
380,588
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Bank of America, PNC, JPMorgan Chase, Wells Fargo, Truist, TTV Capital, SoftBank, Lightspeed Venture Partners, Quality Control, Alvin Kamara
|
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10/08/2020 | Series A-3 | $3.58MM | $xx.xx | $17.9MM | Jesse Williams | |
Price per Share
$xx.xx
Shares Outstanding
390,757
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Jesse Williams
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