Mike Render, better known as Killer Mike the the rapper, political activist and restaurateur, has a new project: launching a digital bank wants to save America’s disappearing black banks. bankgreenwood.com.
Killer Mike on his next act: co-founding a black-owned bank: plans bank for Black, Latino consumers
Venture founded by Ambassador Andrew Young, Michael 'Killer Mike' Render and Ryan Glover
According to PR Newswire Greenwood closes $3 million seed round to build online banking solution for Blacks and Latinx English.
"It's no secret that traditional banks have failed the Black and Latinx community," said Ryan Glover. "We needed to create a new financial platform that understands our history and our needs going forward, a banking platform built by us and for us, a platform that helps us build a stronger future for our communities. This is our time to take back control of our lives and our financial future. That is why we launched Greenwood, modern banking for the culture."
"Today, a dollar circulates for 20 days in the white community but only six hours in the Black community," said Michael 'Killer Mike' Render. "Moreover, a Black person is twice as likely as a white person to be denied a mortgage. This lack of fairness in the financial system is why we created Greenwood."
In recent interviews, The Breakfast, 60 in 6, Atlanta's rap legend Killer Mike, a Grammy award-winning activist, business owner and — as he revealed co-founder of a black-owned bank.