The round was led by Pendulum, a strategic growth investing and advisory platform designed for founders and leaders of color. With this investment, Pendulum becomes the largest investor in Greenwood on a dollar basis. This investment demonstrates the power of the Black entrepreneurial ecosystem with the round being led by Pendulum and following Greenwood's recent acquisitions of Black-founded The Gathering Spot and Valence. Other new investors in this round include Cercano Management, Cohen Circle, The George Kaiser Family Foundation, and NextEra Energy. Existing investors Bank of America, Citi Ventures, PNC, Popular, Truist Ventures, TTV Capital, and Wells Fargo also invested in this round.

Greenwood is the digital banking platform for Black and Latino individuals and businesses. Greenwood's mission is to support financial freedom for minorities through community building, career advancement, and financial services. Greenwood's flagship product is a best-in-class digital banking service provided by partnering with FDIC-insured banks. Greenwood Inc, includes The Gathering Spot, a private membership network and Valence, the career development and job recruiting platform. The combined community has over 1 million people. Greenwood's founders include Civil Rights leader Andrew J. Young and Ryan Glover, founder of the Bounce TV Network. Greenwood has raised funding from six of the largest banks including Citi, JPMorgan Chase, PNC and Truist as well as other companies including Pendulum, TTV Capital, Mastercard, and Visa.