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Posts tagged as “Greenwood”

Killer Mike’s Digital Banking Platform, Greenwood, Raises Nearly $40 million in Funding From Investors

Killer Mike’s Digital Banking Platform, Greenwood, Raises Nearly $40 million in Funding From Investors

By goodblacknews on March 29, 2021

[Photo: Killer Mike, Andrew Young, Ryan Glover via bankgreenwood.com]

Greenwood, the digital banking platform introduced last year by co-founders activist/rapper Michael “Killer Mike” Render and Bounce TV President Ryan Glover, has raised almost $40 million in Series A funding since its website launched in October 2020, according to a joint announcement last week.

The burgeoning financial startup — named for the Black business district in Tulsa, Oklahoma that existed in the early 20th century (before the 1921 Tulsa Massacre) and earned the nickname “Black Wall Street” — received investments from Truist Bank, Bank of America and JPMorgan Chase, PNC, Wells Fargo, Mastercard, Visa, and SoftBank, six of the seven biggest banks among others on a growing list of major financial institutions now invested in Greenwood.

https://youtu.be/xVbXaP-zHlE

“The net worth of a typical white family is nearly ten times greater than that of a Black family and eight times greater than that of a Latino family. This wealth gap is a curable injustice that requires collaboration,” said Greenwood Chairman Glover.

“I am elated that many of the world’s top fintech companies have invested in Greenwood and join us in this mission. The backing of six of the top seven banks and the two largest payment technology companies is a testament to the contemporary influence of the Black and Latino community. We now are even better positioned to deliver the world-class services our customers deserve.”

Greenwood delayed its planned January 2021 launch date because of overwhelming demand after more than 500,000 people signed up for an account before launch.

To learn more and join the Greenwood community and product waitlist, visit www.bankgreenwood.com. 

John Legend Bringing True Story of Tulsa’s ‘Black Wall Street’ to WGN

By goodblacknews on August 22, 2016

article via eurweb.com
John Legend, an executive producer on WGN America’s successful series “Underground,” is behind yet another project for the network based on a true experience in African American history.
The singer is executive producing a new series based on Black Wall Street, the nickname given to the Greenwood neighborhood of Tulsa, Oklahoma. In the early part of the 20th century, the area was one of the wealthiest and most affluent black communities in the United States.
However, jealous white citizens destroyed much of the neighborhood and killed upwards of 300 black people in a race riot that broke out in 1921.
According to TheWrap, the as-yet-untitled series is in the early stages of development, with Legend producing through his Get Lifted production banner along with Mike Jackson, Ty Stiklorius and “Southside With You” star Tika Sumpter.
To see a history of Black Wall Street, click below:
John Legend Bringing True Story of Tulsa’s ‘Black Wall Street’ to WGN | EURweb