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Greenwood acquires neobank Kinly
source link: https://fintechranking.com/2023/05/02/greenwood-acquires-neobank-kinly/
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Greenwood acquires neobank Kinly
Greenwood, a fintech that provides banking services to Black and Latinx communities, acquired fellow affinity neobank Kinly for an undisclosed amount, Greenwood announced Tuesday.
The acquisition merges two neobanks that share a similar mission. Both fintechs launched in 2020 with the goal to help underserved communities build generational wealth.
Read more: Banking Dive
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