Greenwood Digital Bank Launches to Empower Black & Latinx Entrepreneurs
A powerhouse team of Black Atlanta leaders—including former Mayor Andrew Young, rapper/entrepreneur Killer Mike (Michael Render), and Bounce TV founder Ryan Glover—has launched Greenwood, a mission-driven digital bank designed to uplift underserved communities and support minority-owned businesses.
Honoring History While Building the Future
Named after Tulsa’s historic “Black Wall Street” (destroyed in the 1921 massacre), Greenwood combines modern fintech with a bold social mission:
- Community Impact: For every account opened, Greenwood donates 5 meals to fight food insecurity
- Debit Card Donations: Each transaction triggers contributions to:
- United Negro College Fund (UNCF)
- Goodr (food insecurity nonprofit)
- NAACP
- $10K Monthly Grants: Awarded to Black/Latinx entrepreneurs using Greenwood’s services
Why This Matters Now
Killer Mike emphasized Greenwood’s urgency:
“A dollar circulates for 20 days in white communities but just 6 hours in Black communities. We’re creating financial tools that empower rather than exploit.”
Ambassador Young drew inspiration from India’s digital banking revolution, seeing potential to:
- Reduce predatory lending
- Increase economic access
- Rebuild generational wealth
Atlanta: The Perfect Homecoming
The launch marks a full-circle moment for Atlanta’s financial history:
- 1906: White riots destroyed Atlanta’s Black business district
- 1921: Citizen’s Trust Bank founded (still operating today)
- 2020: Greenwood revives the legacy of Black financial sovereignty
Tech-Driven Financial Inclusion
Greenwood offers:
- Mobile-first banking (iOS/Android)
- Contactless payments (Apple/Google/Samsung Pay)
- 30,000+ fee-free ATMs
- Peer-to-peer transfers
- Mobile check deposits
Leadership With Purpose
The executive team blends finance and tech expertise:
- Aparicio Giddins: President & CTO
- David Tapscott (ex-Green Dot): CMO
- Board members include Andrew Young III and Pindrop co-founder Paul Judge
A Movement, Not Just a Bank
As Glover stated:
“Traditional banks failed our communities. Greenwood is built by us, for us—to control our financial futures.”
Backed by $3M in angel funding, Greenwood aims to spark a new wave of economic empowerment nearly a century after the original Black Wall Street’s destruction.
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