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When Greenwood, a neobank that courts Black and Latino customers, acquired The Gathering Spot last year — a networking and coworking club that targets similar demographics — the fintech’s co-founder Paul Judge described the merger as a "Black on Black" deal, saying it was "two companies that are Black-owned, strengthening each other." Ryan Wilson, the CEO and co-founder of The Gathering Spot (TGS), has sued Judge, Greenwood co-founder Ryan Glover and the fintech itself, alleging Greenwood and its founders did not pay Wilson and former TGS shareholders the earn-outs promised in their purchase agreement, that the fintech refused to pay bonuses to TGS employees, and more. Wilson is claiming he and his fellow TGS shareholders are owed a $5 million earn-out payment and other considerations. ....
What's going on with Greenwood and The Gathering Spot? techcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techcrunch.com Daily Mail and Mail on Sunday newspapers.
TechCrunch Live is coming to Atlanta (albeit virtually) for our latest TC Live event on June 7th. Please join us we have a slate of amazing programming! ....
Nasdaq’s event during Black History Month consisted of networking and panel discussions, celebrating the past, present and future of Black entrepreneurship ....
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