Greenwood Raises $40 Million In A Series A funding

Greenwood, an Atlanta-based digital banking startup, has recently announced that it bagged $40 million from top US financial organizations.

The list includes Truist Financial Corp, Bank of America, JPMorgan Chase & Co, Citigroup Inc., and Wells Fargo & Co. In fact, PNC, Mastercard, Visa, FIS, and some other venture capital firms also participated in the financing round.

The company will use the funding in order to build the business, with additional plans to roll out its first technology products this year. As mentioned by Ryan Glover, Chairman of Greenwood, “We now are even better positioned to deliver the world-class services our customers deserve.”

Source: Reuters

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