Greenwood Bank Raises Despite recent controversy around his political loyalties, it seems Michael “Killer Mike” Render is not less than continuing to make good on his promise to assist empower Black communities and the BIPOC business ecosystem along with his latest move–and admittedly, it’s an enormous one.

Per a press release shared with ESSENCE, Greenwood, the digital banking platform for Black and Latino individuals and businesses co-founded by Killer Mike, announced it closed a $45 million investment round led by Pendulum, an investment advisory firm. Other participating investors include Cercano Management,

Cohen Circle, The George Kaiser Family Foundation, and NextEra Energy. They join Existing investors Bank of America, Citi Ventures, PNC, Popular, Truist Ventures, TTV Capital, and Wells Fargo.

In response to the discharge, the funding will help Greenwood provide empowerment tools needed for the Black and Latino communities to construct generational wealth.

“This investment and our recent partnership with Pendulum exhibit the facility of the Black ecosystem and that while you Select Black, you won’t be underserved,” says Ryan Glover, Greenwood’s Chairman who co-founded Greenwood alongside Dr. Paul Judge, Civil Rights leader Andrew J. Young, and rapper and activist Michael

“Killer Mike” Render in a news release. “Our vision is to make Greenwood the premier destination for Black and Latino wealth creation and regeneration while keeping community connection and collective skilled advancement at the middle.”

The enterprise comes on the heels of Render’s news-making critiques of once Georgia Gubernatorial hopeful Stacey Abrams’ community impact, and conversely why he admired her opponent Brian Kemp, who ultimately wound up winning the race last month.

“Whatever white person you bought running your Black outreach, fire them,” Render said during a recent TV appearance. He also reprimanded Abrams for her lack of “Black community involvement” and “unclear stance on the legalization of marijuana.”

Despite his harsh stance critique of Black democrats, the “Go Out on the Town” rapper has tapped the support of business owners who seem aligned of realizing the dream of a thriving Black business ecosystem to life.

“Greenwood is poised to create recent outcomes and equip our communities with the resources they’ve been systemically excluded from within the pursuit of economic opportunity,” says Robbie Robinson, Co-Founder and CEO of Pendulum.

“My wife and co-founder D’Rita and I, together with our team, are thrilled to partner with Greenwood to speed up its mission and deliver its growing product offering to its constituency across the country.

I also couldn’t be prouder of the incontrovertible fact that the co-founders of each Pendulum and Greenwood are alumni of HBCUs, including Morehouse, Spelman, and Howard, showcasing the facility of our unique collegiate network.”

Greenwood is the digital banking platform for Black and Latino individuals and businesses and was co-founded by Michael Render, civil rights leader Andrew J. Young and Ryan Glover, founding father of the Bounce TV Network.