Thursday 23 June 2022

Atlanta, US-based Greenwood, the digital banking platform for Black and Latino individuals and business owners, has acquired Canadian professional development platform Valence, to provide Greenwood's community of nearly one million Black professionals with access to job listings and career opportunities through the Valence Pipeline recruiting database, the company said.

Terms of the transaction were not disclosed.

This will also help companies diversify their workforces at every level, from early career to C-suite.

Valence plays a key role in connecting the innovation economy to the Black community and specifically addressing the lack of diversity in leadership in high paying industries such as finance and technology.

Valence has raised over USD 7m from investors such as GGV Capital and Upfront Ventures.

Greenwood is a digital banking platform for Black and Latino individuals and businesses.

Valence, the leading platform that connects, showcases, and empowers the Black professional community through their recruitment and professional development products.