Startups The PISLA Beat

Killer Mike Develops a Black- and Latinx-owned Digital Banking Platform

Michael Render, better known as the rapper Killer Mike, was a tween when he first learned about the stock market from his mother and grandfather. He told CNN that this early experience helped him understand what it means to put aside money for the future.

After witnessing how the financial system has failed so many in the Black and Latinx community, Killer Mike, his longtime friend Ryan Glover, and Ambassador Andrew Young came together to co-found a new digital banking platform. They called it Greenwood after the thriving Black business district in Tulsa, Oklahoma, that destroyed during a massacre in 1921. The banking platform topped 100,000 signups last fall and is set to launch later this year.

For today’s curation of must-read innovation and tech news, the Plug In South LA Beat, let’s see how Greenwood might finally bridge the gap in access to financing:

Racial Inequality in Banking is a Huge Problem. Killer Mike Thinks He Has a Solution

Photo: Greenwood co-founders (left to right) Killer Mike, Amb. Andrew Young, and Ryan Glover. Credit: Greenwood