Truist, Bank of America, PNC, JPMorgan Chase, Wells Fargo, Mastercard, and Visa led a $40m Series A round in Greenwood.

Truist, Bank of America, PNC, JPMorgan Chase, Wells Fargo, Mastercard, and Visa led a $40m Series A round in Greenwood, the digital banking platform for Black and Latino individuals and business owners, with participation from FIS, Popular, TTV Capital, SoftBank, Lightspeed Venture Partners and Quality Ventures. "The net worth of a typical white family is nearly ten times greater than that of a Black family and eight times greater than that of a Latino family. This wealth gap is a curable injustice that requires collaboration. I am elated that many of the world's top fintech companies have invested in Greenwood and join us in this mission. The backing of six of the top seven banks and the two largest payment technology companies is a testament to the contemporary influence of the Black and Latino community. We now are even better positioned to deliver the world-class services our customers deserve," Ryan Glover, Greenwood Chairman.