About Greenwood
Greenwood is a company based in Atlanta (United States) founded in 2020 by Ryan Glover and Killer Mike. It operates as a FinTech, and Subscription Services. Greenwood has raised $85 million across 3 funding rounds from investors including Truist, Visa and Mastercard. Greenwood offers products and services including Greenwood Spending Account, Greenwood Savings Account, Greenwood Premium Membership, and Greenwood Investment Services. Greenwood operates in a competitive market with competitors including kinly and BankBlack USA, among others.
- Headquarter Atlanta, United States
- Founders Ryan Glover, Killer Mike
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Greenwood, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$85 M (USD)
in 3 rounds
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Latest Funding Round
$45 M (USD), Series B
Dec 01, 2022
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Investors
Truist
& 13 more
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Employee Count
Employee Count
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Products & Services of Greenwood
Greenwood offers a comprehensive portfolio of products and services, including Greenwood Spending Account, Greenwood Savings Account, Greenwood Premium Membership, and Greenwood Investment Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Digital checking account is provided for managing finances.
High-interest savings account is offered with no fees.
Premium membership is designed with exclusive financial benefits.
Investment options in stocks and ETFs are provided.
Funding Insights of Greenwood
Greenwood has successfully raised a total of $85M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $45 million completed in December 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $45.0M
- First Round First Round
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2022 | Amount | Series B - Greenwood | Valuation | Pendulum | |
| Mar, 2021 | Amount | Series A - Greenwood | Valuation | Truist | |
| Oct, 2020 | Amount | Seed - Greenwood | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Greenwood
Greenwood has secured backing from 14 investors, including institutional and venture fund investors. Prominent investors backing the company include Truist, Visa and Mastercard. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Corporate venture capital firm backed by Citi
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Founded Year | Domain | Location | |
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Investments are made by TTV Capital in early-stage fintech companies.
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Founded Year | Domain | Location | |
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Strategic investment and advisory platform services are provided to clients.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Greenwood
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Greenwood
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Greenwood Comparisons
Competitors of Greenwood
Greenwood operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as kinly and BankBlack USA, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
A digital banking platform for financial education is provided.
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| domain | founded_year | HQ Location |
An internet-first retail bank offering digital banking services tailored for Black Americans.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Greenwood
Frequently Asked Questions about Greenwood
When was Greenwood founded?
Greenwood was founded in 2020.
Where is Greenwood located?
Greenwood is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Who is the current CEO of Greenwood?
Ryan Glover is the current CEO of Greenwood. They have also founded this company.
Is Greenwood a funded company?
Greenwood is a funded company, having raised a total of $85M across 3 funding rounds to date.
What does Greenwood do?
Greenwood is established as a Black-founded and Black-led mobile financial platform aimed at addressing systemic challenges in the financial system for the Black community. Services are provided in digital banking, including checking and savings accounts with no hidden fees. Investment opportunities in stocks and ETFs are offered alongside community support initiatives. The platform is designed to help build, sustain, and grow wealth through accessible financial tools and education. Sectors served include digital finance and community-focused investments, with solutions tailored to promote financial freedom and security.
Who are the top competitors of Greenwood?
Greenwood's top competitors include kinly and BankBlack USA.
What products or services does Greenwood offer?
Greenwood offers Greenwood Spending Account, Greenwood Savings Account, Greenwood Premium Membership, and Greenwood Investment Services.
Who are Greenwood's investors?
Greenwood has 14 investors. Key investors include Truist, Visa, Mastercard, Bank of America, and PNC.