Actor and activist Jesse Williams has become the latest celebrity investor in Greenwood, a new digital banking platform aimed at Black and Latinx customers and business owners in mind.
“I’m excited to join the Greenwood team and work to advance economic prosperity for people of color,” said Williams in a written statement. “The time has come for Black and Latinx communities in America to strengthen our economic condition and influence. By increasing access to essential banking services and financial education, Greenwood is a key part of that movement.” Williams, an activist for humanitarian and racial justice causes, won the BET Humanitarian Award in 2016 and an NAACP Image Award in 2019.
Last month, rapper Michael “Killer Mike” Render, civil rights advocate Andrew Young, and entrepreneur Ryan Glover announced plans to establish a new Black-owned bank in honor of Black Wall Street. A little over a month after launching the company, more than 200,000 people have signed up to become part of the Greenwood community. The waiting list for Greenwood’s digital banking platform is growing and that growth makes Greenwood one of the most successful launches in the history of the financial services industry. Its initial product is a limited edition black metal debit card and account for customers who sign up by the end of the year. Advanced features include Apple Pay, Samsung Pay and Android Pay, virtual debit cards, peer-to-peer transfers, mobile check deposits, and free ATM usage in over 30,000 locations with no fees.
The Greenwood name pays homage to “Black Wall Street,” a community in the Greenwood District of Tulsa, Okla., during the early 20th century. It was a center of African American enterprise, entertainment, wealth and capital before it was destroyed by white mobs in 1921. The company says the Greenwood District remains an enduring symbol of the economic potential of community solidarity.