Greenwood, Inc. announced that it has received $45 million in funding from a group of investors
November 28, 2022
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Greenwood, Inc. announced that it has raised $45 million in a round of funding led by new investor Pendulum Opportunities LLC on November 29, 2022. The transaction included participation from new investors Cercano Management LLC, Cohen Circle, George Kaiser Family Foundation, NextEra Energy, Inc., and returning investors Bank of America Corporation, Wells Fargo & Company, The PNC Financial Services Group, Inc., Citi Ventures, Inc., Popular, Inc., TTV Capital LLC and Truist Ventures. The company has raised a total of $88 million in funding till date.
Popular, Inc. (Popular) is a financial holding company. The Company operates in two segments: Banco Popular de Puerto Rico (BPPR), which includes its Puerto Rico business, and Banco Popular North America (BPNA), which includes its the United States mainland business. The Company has operations in Puerto Rico, the United States and the Caribbean. The Company's BPPR segment provides retail, mortgage and commercial banking services through its banking subsidiary, Banco Popular de Puerto Rico, as well as auto and equipment leasing and financing, investment banking, broker-dealer and insurance services through specialized subsidiaries. The Company's BPNA segment consists of Popular North America, Inc. (PNA) functioning as the holding company for its operations in the United States. It also operates PNA's subsidiary, E-LOAN, Inc. The banking operations of BPNA in the United States mainland are based in New York, Florida and New Jersey, conducted under the name of Popular Community Bank.