Greenwood, the digital banking startup co-founded by rapper Killer Mike, Bounce TV founder Ryan Glover, and former Atlanta mayor Andrew Young is getting ready to start serving underrepresented customers.

Named after the Black business district in Tulsa that was destroyed in 1921, Greenwood quickly raised $40 million since launching and recently secured financing from Bank of America, FIS, JPMorgan Chase, PNC, Truist, and Wells Fargo.

In today’s Plug In South LA Beat, we explore what this leap in digital banking could mean for communities and small business owners who have long been ignored by major financial institutions:

Greenwood Prepares to Offer Digital Banking with $40 Million Funding in Place

Big Banks Rush to Back Greenwood, Killer Mike’s Atlanta-based Digital Bank for Underrepresented Customers

Photo Credit: Greenwood