Two Black Men Raising $200M To Support Underserved Communities By Purchasing a Bank

Darnell Parker and Derek Taylor, two banking veterans and the owners of Ingenious Financial, have announced plans to raise $200 million Series A funding to purchase an existing bank.‬ ‬‬‬‬‬Parker, who is the company’s founder, and Taylor, who is the company’s COO, say they are setting out to own a bank to better serve underserved and underbanked communities.

“Minority banks play an important role in the economic empowerment of minority communities and these financial institutions have long been considered as innovators in banking,” says Mr. Parker. “But in recent years, they have not always managed to keep up with technological advances.”

Read More >>

Leave a Reply

Your email address will not be published. Required fields are marked *