GRIND Banking, launched earlier this year, is a black-owned bank that focuses on the financial needs of the African-American community

Even in the crowded world of finance, there are stunningly few black-owned banks. But GRIND Banking, a fintech startup that's growing quickly, is setting out to fill that void with debit cards and mobile banking designed for African-American customers.

Launched earlier this year, GRIND focuses on the financial needs of black clients, offering mobile banking and debit cards backed by Mastercard. With an easy signup process, no overdraft fees and no required credit checks, it works both as a starter bank and a new home for more established users. Customers can even choose their own debit card color.

“My commitment is to the success of the community, their desire for a better future and financial equality,” said founder B.C. Silver in a press release. “Financial freedom and equality is a right for all; with GRIND that's exactly what we'll achieve.”

By focusing specifically on the African-American community, GRIND Banking stands out in a field full of competitors. Unlike other, more flashy banks, this one works hard to give back to its community—a perk that is likely to attract plenty of values-based customers.

GRIND Banking


Lead image: Austin Wade/Unsplash

Even in the crowded world of finance, there are stunningly few black-owned banks. But GRIND Banking, a fintech startup that's growing quickly, is setting out to fill that void with debit cards and mobile banking designed for African-American customers.

Launched earlier this year, GRIND focuses on the financial needs of black clients, offering mobile banking and debit cards backed by Mastercard. With an easy signup process, no overdraft fees and no required credit checks, it works both as a starter bank and a new home for more established users. Customers can even choose their own debit card color.