Description
Wells Fargo today announced equity investments in six African American Minority Depository Institutions (MDIs) as part of its March 10, 2020, pledge to invest up to $50 million in Black-owned banks. As part of the capital investment, the banks will have access to a dedicated Wells Fargo relationship team that will provide financial, technological, and product development expertise in order to help each institution grow and benefit their local community. In the ongoing pandemic, communities of color have been disproportionately impacted, and this investment is part of Wells Fargo’s effort to generate a more inclusive recovery across the country.
Quick answer
Wells Fargo raised an undisclosed amount in a funding round, dated February 8, 2021. Wells Fargo is based in San Francisco, California, United States.
- How much did Wells Fargo raise?
- Wells Fargo raised an undisclosed amount in a funding round on February 8, 2021.
- What does Wells Fargo do?
- Learn how a personal loan can help you with funds for life events like graduations and weddings, adoption and fertility, or other needs Wells Fargo helps strengthen communities through diversity, equity, and inclusion,..
- Where is Wells Fargo based and how big is it?
- Wells Fargo is based in San Francisco, California, United States. Fundz records about 249,090 employees.
- Who are the decision-makers at Wells Fargo?
- Fundz holds 2 contacts at Wells Fargo, including the Wells Fargo Home Mortgage. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services and Banking around the same time
Companies in the same sectors as Wells Fargo that raised within 45 days of this round, from Fundz verified event records.
- Nymbus raised $53M (Series C) on February 10, 2021.
- National Bank of Canada raised $15M (Funding Round) on February 9, 2021.
- Discover raised an undisclosed amount on January 15, 2021.
- Mx raised $300M (Series C) on January 13, 2021.
- Mambu raised $119M (Funding Round) on January 7, 2021.
- Hancock Whitney raised an undisclosed amount on January 7, 2021.
Who to call at Wells Fargo, and when
A new round usually means Wells Fargo is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Wells Fargo raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Wells Fargo, from your own LinkedIn network
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Fundz sees it the moment Wells Fargo raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Wells Fargo raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
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