Killer Mike’s Greenwood raises $45 million round of funding

Killer Mike's Greenwood raises $45 million round of funding

Michael “Killer Mike” Render continues to deliver on his promise to empower Black communities and the BIPOC business ecosystem with his latest move, and it’s huge.

According to a press release shared with ESSENCE, Greenwood, the digital banking platform for Black and Latinx individuals and businesses co-founded by Killer Mike, announced that it has closed a $45 million investment round led by Pendulum, an investment advisory firm. Other participating investors include Cercano Management, Cohen Circle, The George Kaiser Family Foundation and NextEra Energy. They join existing investors Bank of America, Citi Ventures, PNC, Popular, Truist Ventures, TTV Capital and Wells Fargo.

According to the release, the funds will help Greenwood provide the empowerment tools necessary for the African American and Latino communities to build generational wealth.

“This investment and our new partnership with Pendulum demonstrate the power of the black ecosystem and that when you choose black, you will not be left behind,” says Ryan Glover, Greenwood president and co-founder of Greenwood with civil rights leader Dr. Paul Judge. Andrew J. Young and rapper and activist Michael “Killer Mike” Render in a press release. “Our vision is to make Greenwood the premier destination for Black and Latino wealth creation and regeneration, while keeping community connection and collective career advancement central.”

“Greenwood is poised to create new results and equip our communities with resources that have been systematically excluded from seeking economic opportunity,” says Robbie Robinson, co-founder and CEO of Pendulum. “My wife and co-founder D’Rita and I, along with our team, are thrilled to partner with Greenwood to accelerate their mission and bring their growing product offerings to their constituency across the country. I also couldn’t be more proud of the fact that the co-founders of Pendulum and Greenwood are HBCU alumni, including Morehouse, Spelman and Howard, demonstrating the power of our unique university network.”

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Greenwood is the digital banking platform for Black and Latino individuals and businesses and was co-founded by Michael Render, civil rights leader Andrew J. Young, and Ryan Glover, founder of Bounce TV Network.

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