Business

PNC invests in Greenwood’s Series A round, Atlanta-based digital banking platform serves Black and Latino businesses and individuals

By Patty Tascarella – Senior Reporter, Pittsburgh Business Times

Pittsburgh’s biggest bank is among the investors in a $40 million Series A funding round by Greenwood, an Atlanta-based digital banking platform serving Black and Latino business owners and individuals nationwide. Pittsburgh’s biggest bank is among the investors in a $40 million Series A funding round by Greenwood, an Atlanta-based digital banking platform serving Black and Latino business owners and individuals nationwide.

By Patty Tascarella – Senior Reporter, Pittsburgh Business Times

PITTSBURGH — Pittsburgh’s biggest bank is among the investors in a $40 million Series A funding round by Greenwood, an Atlanta-based digital banking platform serving Black and Latino business owners and individuals nationwide.

PNC Financial Services Group Inc., along with JPMorgan Chase & Co., Bank of America Corp., Wells Fargo & Co. and Truist Financial Corp, as well as credit card giants Visa and Mastercard and venture capitalists were among the investors.

The size of PNC’s (NYSE:PNC) investment was not disclosed. The round was led by Truist Ventures, a division of Truist Financial Corp.

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