Company Information

Get to know Greenwood Bank

Founded by Andrew J. Young, Michael Render (Killer Mike), and Ryan Glover, Greenwood is a financial technology company focused on serving the Black and Latino communities. Its mission is to address the historical wealth gap by providing modern digital banking services, including spending and savings accounts, and by reinvesting profits back into the community through grants and donations to minority-owned businesses and initiatives. Greenwood is not a bank itself, but rather provides banking services through a partnership with an FDIC-insured institution, Coastal Community Bank.

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Financial BankingPRIMARY
Financial Other Service

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Greenwood Bank

United States

Founded in

2020 (6 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.