Greenwood, a US-based digital banking platform for black and Latino individuals and business owners, has raised $40m in its series A round from a handful of local banks and led by Truist Ventures, the corporate venture capital division of New York-listed Truist Financial.
The other banks included Bank of America, PNC, JPMorgan Chase, Wells Fargo and Popular, the largest Hispanic-owned bank in the US. The strategic group is joined by FIS, a provider of technology solutions for merchants, banks and capital markets…
