M&A Deal Summary

Greenwood Acquires Kinly

On May 2, 2023, Greenwood acquired financial services company Kinly

Acquisition Highlights
  • This is Greenwood’s 1st transaction in the Financial Services sector.
  • This is Greenwood’s 3rd transaction in the United States.

M&A Deal Summary
Date 2023-05-02
Target Kinly
Sector Financial Services
Buyer(s) Greenwood
Deal Type Add-on Acquisition

Target

Kinly

United States
website
Kinly is an inclusive financial technology company that proudly serves the unique needs of Black America and its allies. By developing a platform focused on improving financial livelihood through financial education, Black-focused spending, and wealth building, Kinly helps members manage their money and develop positive financial behavior to reach goals.

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Buyer(S) 1

Buyer

Greenwood

Atlanta, Georgia, United States

website

Category Company
Founded 2020
Sector Financial Services
DESCRIPTION

Greenwood is a digital banking services platform for Black and Latino individuals and businesses. Greenwood is partnering with FDIC-insured banks to give customers the ability to spend and save securely through use of best-in-class banking services and innovative ways to support Black and Latino causes and businesses. Greenwood was founded in 2020 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 3 of 3
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 3 of 3
Country (United States) 3 of 3
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-22 Valence Enterprises

Studio City, California, United States

Valence Enterprises is a provider of platform that connects, showcases, and empowers the Black professional community through their recruitment and professional development products. Valence Enterprises was founded in 2019 and is based in Studio City, California.

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