Greenwood, a digital bank targeting minorities, draws its name from the former Black Wall Street district in Tulsa, Oklahoma
Rapper Killer Mike and Bounce TV founder and President Ryan Glover have joined forces to launch Greenwood, a new digital bank tailored to the Black and Latinx communities.
Greenwood is a banking service that operates exclusively online, offering mobile deposits for checking and savings accounts, that seeks to support minority-owned businesses, CNN reports.
The company is branded as “modern banking for the culture” on its website.
Greenwood founders Killer Mike (left), former Atlanta Mayor Andrew Young (center) and Bounce TV President Ryan Glover (right). (Photo Credit: Greenwood)
The endeavor also provides peer-to-peer transfers, global ATMs and other financial services with a focus on Black and Latinx entrepreneurs. The Greenwood name is derived from the Greenwood district of Tulsa, Oklahoma, that a century ago was home to what was known as Black Wall Street.
Glover said that the bank was created to provide loans and financial aid for Black-owned businesses who have had difficulty with white-owned banks.
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