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Greenwood Fintech Raises $40 Million from U.S. Lenders

  • BofA, JPMorgan, Mastercard and Visa are among investors
  • Digital banking platform will cater to Black, Latino customers
Greenwood Founders Michael Render, Andrew Young, and Ryan Glover.

Greenwood Founders Michael Render, Andrew Young, and Ryan Glover.

Source: Greenwood

Corrected

Greenwood, a digital banking platform aimed at Black and Latino customers, raised $40 million in funding from some of the biggest U.S. lenders and payments companies.

Truist Financial Corp.’s venture capital division led the Series A funding round, Greenwood said Thursday in a statement. Other investors include Bank of America Corp., JPMorgan Chase & Co., Wells Fargo & Co., PNC Financial Services Group Inc., Mastercard Inc. and Visa Inc.