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The acquisition, Greenwood's 3rd over the last year, will help grow the company's ecosystem of over 1m members and provide Kinly’s community of over 300,000 with priority access to Greenwood’s unique, comprehensive financial product that emphasizes community building and wealth creation for Black and brown people. Financial terms of the acquisition were not disclosed.
"Kinly has always shared in our commitment to building a more transparent banking experience for Black Americans," said Ryan Glover, CEO and co-founder of Greenwood. "The acquisition of Kinly represents a massive milestone for Greenwood as we continue in our shared effort to elevate financial tools available for our community. In partnership with Donald Hawkins from Kinly, we plan to grow our footprint and expand our services to provide best-in-class experiences for Black and brown families and businesses."
https://finance.yahoo.com/news/greenwood-acquires-kinly-mobile-banking-131900861.html
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