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Greenwood, Inc. Acquires The Gathering Spot Creating The Largest Combined Fintech And Community Platform For Blacks And Minorities

Greenwood, Inc. Acquires The Gathering Spot Creating The Largest Combined Fintech And Community Platform For Blacks And Minorities

05/10/22, 5:05 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgsanta monica
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgvancouver
Industry
mobile
software
media and entertainment
travel and tourism
internet services
sports
Greenwood, the digital banking platform for Black and Latino individuals and business owners, has announced the acquisition of The Gathering Spot, a private membership network focused on the Black community. Greenwood and The Gathering Spot share the same mission of supporting financial freedom for minorities through community building, entrepreneurship, group economics and wealth building. The combined company has a community of over 1 million people. Together, they will continue to deliver features including community building, personal finance content, and banking services.

Company Info

Company
Greenwood
Company info
Greenwood is a digital banking services 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 through use of best-in-class banking services and innovative ways to support Black and Latino causes and businesses. True to its mission, Greenwood allows customers the ability to round up their spend to the nearest dollar and donate the change to key charity partners. 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, and has raised funding from six of the top seven banks including Citi, JPMorgan Chase, PNC and Truist as well as other companies including Visa, Mastercard and SoftBank.