Greenwood said in a press release that the two platforms have a
community of more than a million people. The company did not disclose the price
it paid.
The plan is to offer features that include community building,
personal finance content and banking services.
The Gathering Spot has clubs in
Atlanta, Washington and Los Angeles that feature workspace, meeting rooms,
event space and restaurant and bar. Members have exclusive access to in-person
experiences and online content.
Ryan Wilson will remain The Gathering Spot’s CEO and will serve
as Greenwood’s chief community officer. TK Petersen will continue to serve as
the hub’s chief operating officer and will join Greenwood as a vice president.
“Joining with Greenwood is a commitment to our community, and we
share Greenwood’s vision in empowering people and helping them to build opportunity
and generational wealth,” Wilson said in the release.
“Greenwood and The Gathering Spot have been leading
conversations on access to capital and the power of minority financial
inclusion,” Ryan Glover, Greenwood’s chairman, said in the release.
“This moment marks a significant milestone for the culture and
strength within the community,” Glover added. “The combined efforts of
Greenwood and The Gathering Spot will expand the collective power of minorities
to impact the wealth gap.”
Glover, a television executive, co-founded Greenwood along with rapper
Mike Render (Killer Mike) and civil rights leader Andrew Young.
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