Greenwood continues its mission toward economic empowerment for the Black and Latino community.
The digital banking platform just acquired Valence to provide communities with support for professional development and job recruiting.
The news comes on the heels of Greenwood’s acquisition of The Gathering Spot and solidifies the brand’s stance as a place where our people can not only learn skills for a better financial future but also get equipped with resources to survive and thrive.
Valence was established in 2019 by Kobie Fuller, who is also the General Partner at Upfront Ventures. He, alongside Emily Slade and LaMer Walker, wanted to create a network specifically designed to help Black professionals connect with companies and vice versa. Now, Greenwood will leverage the company’s pipeline recruiting database to help companies diversify workforces of all levels from early career to the C-suite.
This is a legendary move set to equip Greenwood’s community of roughly one million Black professionals with access to thousands of job listings and career opportunities, thus continuing the company’s mission to close the financial wealth gap across America.
“Emerging Black leaders continue to face enormous challenges navigating career development and advancement, while companies and leadership struggle to attract and retain Black talent in their executive ranks,” said Guy Primus, CEO of Valence in a statement shared with AfroTech. “Valence provides a platform for executives, employers and Black business leaders to take meaningful steps to accelerate Black representation in the C-suite and drive positive change in corporate America.”
Primus will continue his duties as Valence’s CEO, but he will also be recruited as the Vice President of Greenwood. On the other hand, Fuller will join the financial institution’s advisory board.
“We’re being very targeted in how we can drive economic opportunity and wealth creation in the Black community,” said Mr. Fuller. “Joining with Greenwood is a commitment to our community and accelerates our mission towards creating new paths to success for Black professionals and fuels our efforts towards closing the racial wealth gap.”
Click here for more on how to join the Greenwood and Valence community.