This article was originally posted by Morning Brew
Why Banking With Greenwood Is About More Than the Money
The virtual banking platform for Black and Latino customers will launch a suite of saving and spending accounts for it’s 550,000+ waitlist this summer.
by: Matty Merritt
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Greenwood’s mission is “modern banking for the Culture.” The digital banking platform is designed specifically for Black and Latino customers who have historically been denied access to credit and other financial services at much higher rates than white customers. Greenwood plans to launch its interest savings and spending account services this summer, and it already has a waitlist of >550,000. Eventually, the company will release investing offerings, as well as business and home loans.