Rapper and entrepreneur Killer Mike has acquired Kinly, a recently launched banking platform dedicated to empowering Black communities financially. This purchase aligns with Killer Mike’s commitment to advancing economic empowerment for Black and Brown individuals.
Killer Mike’s Acquisition of Kinly
News reports have confirmed that Killer Mike has completed the acquisition of Kinly, a mobile banking application tailored to support the financial stability of Black communities. The purchase was made possible through Greenwood, an organization founded by Killer Mike that provides financial services to Black and Brown communities. As a result of this acquisition, more than 300,000 Kinly users will now have access to financial technology offerings from Greenwood.
The partnership between Kinly and Greenwood will enable users to access a variety of financial products and services, including savings and checking accounts, loans, and investment opportunities. This collaboration aims to offer users additional resources to enhance their financial well-being.
Greenwood’s Commitment to Empower Financially
Greenwood, established in 2020, is dedicated to encouraging Black and Brown consumers to support financial institutions owned by minorities rather than relying on banks with discriminatory histories. The acquisition of Kinly signifies another step in Greenwood’s mission to foster financial empowerment within minority communities.
Alongside his banking initiatives, Killer Mike has also announced his upcoming summer tour, The High & Holy Tour.
Cordae’s Collaboration with Venmo
Cordae, another rapper committed to promoting financial literacy among young adults, has partnered with Venmo to offer financial education resources. This collaboration has led to the development of a new series called “Money Talks,” aimed at educating young adults on financial management.
