Green Check Verified, a Bonita Springs, FL-based fintech provider of compliant cannabis solutions and services to financial institutions, raised $6M in Series A funding.
The round was led by Mendon Venture Partners.
The company intends to use the funds to accelerate growth, expand operations and its business reach.
Founded in 2017 and led by Kevin Hart, CEO, Green Check Verified GCV provides technology and advisory services to more than 130 financial institutions and over 4,000 cannabis-related businesses.
The investment follows the recent acquisition of PayQwick, which has been servicing underbanked cannabis businesses with payments and lending since 2015. The complementary technology and services provided by GCV and PayQwick will facilitate more than compliant deposits and payments. GCV will be able to provide real-time transactions, including lending, supply chain settlements, and banking solutions previously unavailable to the cannabis industry.
FinSMEs
24/02/2023