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Wells Fargo Invests in Six Black-Owned Banks

PUBLIC · WFCFeb 08, 2021
San FranciscoFinancial ServicesBanking

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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Company Information

Company

Wells Fargo

Location

San Francisco, California, United States

About

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, economic empowerment, and sustainability.

AI made execution free. Knowing first is the whole game now.

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

2 contacts
Verified contactsHiromi C., Wells Fargo Home Mortgage hidden hidden hiddenSee plans and pricing
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Wells Fargo raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.