← back
Greenwood profile

Who owns Greenwood?

traditional · Atlanta, US · Partner-bank model · custody: Custodial

short answerGreenwood is not itself a bank. It runs on a partner-bank (BaaS) model and works with Coastal Community Bank — the licensed bank that actually holds customer deposits behind the app. Greenwood's most notable disclosed backers include Truist, Bank of America and SoftBank.

Is Greenwood a licensed bank?

No — a partner bank (Coastal Community Bank) holds the money. Licence detail: Partner bank (Coastal Community Bank); Mastercard debit; FDIC pass-through.

Where is your money held?

Custody model: Custodial.

Greenwood runs on: Coastal Community Bank (BIN sponsor bank). Full stack on the infra map.

Who's behind Greenwood?

Greenwood was founded by Ryan Glover, Killer Mike, Andrew Young (2020), headquartered in Atlanta, US.

Early investors

Notable venture and strategic investors from Greenwood's publicly disclosed funding rounds (~$40M+ raised).

Truist ↗ Bank of America ↗ SoftBank ↗

Is my money safe with Greenwood?

Your money is held by Coastal Community Bank, so any deposit insurance flows through that sponsor bank — not Greenwood itself. Check the sponsor's scheme and whether balances are "passed through" for per-customer insurance.

go deeperSee the full Greenwood profile with every verified field, or Greenwood alternatives. Raw fields: data.json.

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.