Rapper and entrepreneur Killer Mike has purchased Kinly, a new banking platform aimed at helping Black communities create financial prosperity. This acquisition is in line with Killer Mike’s goal of advancing economic empowerment among Black and Brown individuals.
Killer Mike Acquires Kinly
Reports indicate that Killer Mike has bought Kinly, a mobile banking app specifically designed to assist Black communities in building financial stability. The acquisition was facilitated through Killer Mike’s Greenwood, an organization offering financial services to Black and Brown communities. With this transaction, more than 300,000 Kinly users will now have access to financial technology products from Greenwood.
Kinly’s collaboration with Greenwood will grant users access to a range of financial products and services, including savings and checking accounts, loans, and investments. This partnership aims to provide users with additional avenues to enhance their financial well-being.
Greenwood’s Mission to Promote Financial Empowerment
Greenwood, established in 2020, seeks to encourage Black and Brown consumers to support minority-owned financial institutions instead of relying on banks with discriminatory pasts. The acquisition of Kinly represents another stride in Greenwood’s mission to foster financial empowerment within minority communities.
In addition to his banking ventures, Killer Mike has recently announced his upcoming summer tour, The High & Holy Tour.
Cordae’s Partnership with Venmo
Cordae, another rapper dedicated to promoting financial literacy among young adults, has recently collaborated with Venmo to provide financial education. This partnership has led to a new series titled “Money Talks,” aimed at educating young adults on financial management.
