Our Community just got bigger!

Greenwood, the financial technology company for Black and Latino individuals and business owners, has announced the acquisition of The Gathering Spot, a private network focused on minorities. Greenwood and The Gathering Spot share the same mission of empowering minorities towards entrepreneurship, career advancement, financial freedom, and wealth building. The combined company has a community of over 1 million people. Together, they will continue to deliver features including community, content and financial services.

The Gathering Spot provides minority professionals, creatives and entrepreneurs with access to the network, exclusive content, unique experiences, concierge services, and access to the brick and mortar The Gathering Spot locations that include workspace, meeting rooms, event space and restaurant and bar. The Gathering Spot has locations in Atlanta, Washington DC, and Los Angeles, as well as Connected City communities in New York City, Chicago, Detroit, Charlotte, and Houston. The Gathering Spot members have exclusive access to in-person experiences and online content including conversations with business and cultural leaders like Gabrielle Union, Will Packer, and Thasunda Duckett.

Greenwood and The Gathering Spot are both focused on empowering minorities towards entrepreneurship, career advancement, financial freedom, and wealth building. Ryan Wilson, co-founder and CEO of The Gathering Spot will continue in that role in addition to being named as Chief Community Officer of Greenwood. TK Petersen, co-founder and COO of The Gathering Spot will continue in that role and also appointed as a Vice President at Greenwood.

Greenwood has tens of thousands of account holders and a growing waitlist of over 700,000 people. The Gathering Spot has over 8,000 diverse members representing Fortune 1000 executives, entrepreneurs, entertainers, creatives and more. The Gathering Spot members represent thousands of companies including Accenture, Apple, Bank of America, The Coca-Cola Company, Deloitte, Goldman Sachs, Microsoft, Meta, NAACP, Revolt, Truist, and Spotify.

“The Gathering Spot prides itself on building an intentional community, one where we can celebrate each member and connect them to the resources, networks and the happenings of their city,” said Ryan Wilson, Co-founder and CEO of The Gathering Spot and Chief Community Officer of Greenwood. “Joining with Greenwood is a commitment to our community, and we share Greenwood’s vision in empowering Black and Brown people and helping them to build opportunity and generational wealth.”

“This combination of Greenwood and The Gathering Spot provides immense benefits to the members of The Gathering Spot and Greenwood,” said TK Petersen, Co-founder of The Gathering Spot and Vice President at Greenwood. “We are excited to bring these two communities together and continue to innovate and roll out combined products and offerings to our community.”

“The future of finance is community and the future of community is finance” said Paul Judge, Board member and Co-founder at Greenwood. “Together, Greenwood and The Gathering Spot will unlock the full range from financial education to financial tools.”

“Both Greenwood and The Gathering Spot have been leading conversations on access to capital and the power of minority financial inclusion. This moment marks a significant milestone for the culture and strength within the community,” said Ryan Glover, Co-founder & Chairman at Greenwood. “We welcome Ryan, TK and their team, and we’re ready to work together to forge a future for our communities.”