Greenwood
Named for Tulsa's Black Wall Street; digital banking recirculating capital in Black and Latino communities.
Digital banking for Black + Latino communities.
- Who holds it
- A sponsor bank behind the brand — not the app you signed up with — Partner bank (Coastal Community Bank); Mastercard debit; FDIC pass-through.
- The ledger
- Split between a program manager and the sponsor bank — the modular setup that broke in Synapse.
- If it fails
- Any claim runs through the sponsor bank, and only works if the two ledgers reconcile.
Derived from Greenwood’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | traditional · Black community |
| HQ | Atlanta, US |
| Founded | 2020 |
| Custody | Custodial |
| Regulation type | Partner-bank model |
| License detail | Partner bank (Coastal Community Bank); Mastercard debit; FDIC pass-through |
| Card | MC · Debit |
| Stablecoins | No |
| KYC | Yes |
| Active regions | North America |
| Countries | United States |
| Founders | Ryan Glover, Killer Mike, Andrew Young |
| Funding | ~$40M+ raised |
Verified links: official site ↗ · privacy ↗ · @Greenwood ↗
Common questions about Greenwood
What is Greenwood?
Greenwood is a fiat neobank built for Black community, headquartered in Atlanta, US and founded in 2020. Your money is held custodially, so Greenwood or its partner bank holds the balance and you hold a claim on it. It operates on a partner-bank model (Partner bank (Coastal Community Bank); Mastercard debit; FDIC pass-through).
Does Greenwood have a card, and where can you use it?
It issues a Mastercard debit card. It is available in North America.
Does Greenwood require KYC?
Yes. Greenwood requires identity verification (KYC) to open an account, as a partner-bank model.
Early investors
Head-to-head
Peers
Chime · Wise · Varo · Current · SoFi · Ally Bank
Greenwood appears in
Neobanks running on someone else’s banking license (81) · Neobanks available in North America (126) · Neobanks that issue a Mastercard (150) · Neobanks in United States (66)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.