# Popular

> Popular is a VC fund in San Juan backing FinTech and Financial Services. See 5 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: San Juan, Puerto Rico
- Total investments: 5
- Last investment: Apr 2023
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/banco-popular-de-puerto-rico
- X (Twitter): https://twitter.com/popular
- Website: https://www.popular.com
- Facebook: https://www.facebook.com/popular

Popular is a VC fund in San Juan focused on FinTech and Financial Services. Popular has been constantly evolving since its founding in 1998. A small bank has been transformed into a large corporation that offers a variety of financial products and services and has a presence in the United States, the Caribbean, and Latin America.

## Contacts

5 contacts available for Popular. Shizune tracks 8 team members at Popular. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/popular-inc?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Series A | $5M–$40M |
| Series B | $45M–$45M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| FinTech | 3 | 60% |
| Financial Services | 3 | 60% |
| Banking | 1 | 20% |
| Software | 1 | 20% |
| Cosmetics | 1 | 20% |

12 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 2 | 40% |
| Series B | 2 | 40% |
| Seed | 1 | 20% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 3 | 60% |
| Puerto Rico | 1 | 20% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Richard Carrion | Chairman & CEO | 1 | https://shizune.co/investors/profile/richard-l-carrion |
| Carlos Vazquez | CFO | 0 | https://shizune.co/investors/profile/carlos-vazquez-2 |
| Eduardo NegrÓN | Executive Vice-President Management Group | 0 | https://shizune.co/investors/profile/eduardo-negron |
| Eli SepÚLveda | EVP | 0 | https://shizune.co/investors/profile/eli-sepulveda |
| Ignacio Alvarez | President & COO | 0 | https://shizune.co/investors/profile/ignacio-alvarez-2 |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Carbonwave | Seaweed provides a sustainable and regenerative platform to address CO2 sequestration, pollution and volatility from our climate emergency. Our systems-level approach means that every part of our operation - from collection to distribution - is geared at restoring vital ecosystems and supporting resilient circular economies. | $5M | Series A | Apr 06, 2023 |  |
| Greenwood Bank | Greenwood Bank is a digital banking platform for Black and Latinx people and business owners. It features best-in-class digital banking services and innovative ways of giving back to the community. The company's initial products are savings and spending accounts that come with a stunningly designed black metal debit card for customers who signup by the end of the year.Greenwood Bank was founded in 2020 and is based in Atlanta, GA, USA. | $45M | Series B | Nov 29, 2022 |  |
| Greenwood | Greenwood is a financial technology firm that provides a mobile banking platform. | $45M | Series B | Nov 29, 2022 |  |
| Raincoat | Raincoat develops highly scalable embedded climate insurance products and the automated infrastructure that powers them. They work with insurers, governments, and financial institutions to unlock new markets and enable climate resilience at scale. | $4.5M | Seed | Aug 02, 2022 |  |
| Greenwood Bank | Greenwood Bank is a digital banking platform for Black and Latinx people and business owners. It features best-in-class digital banking services and innovative ways of giving back to the community. The company's initial products are savings and spending accounts that come with a stunningly designed black metal debit card for customers who signup by the end of the year.Greenwood Bank was founded in 2020 and is based in Atlanta, GA, USA. | $40M | Series A | Mar 25, 2021 |  |

5 of 5 investments shown.

## Co-investors
- [Bank of America](https://shizune.co/investors/profile/bank-of-america) — VC Fund, 3 deals together
- [Truist Ventures](https://shizune.co/investors/profile/truist-ventures) — VC Fund, 3 deals together
- [TTV Capital](https://shizune.co/investors/profile/ttv-capital) — VC Fund, 3 deals together
- [Wells Fargo](https://shizune.co/investors/profile/wells-fargo-bank) — VC Fund, 3 deals together
- [Cercano Management](https://shizune.co/investors/profile/cercano-management) — VC Fund, 2 deals together
- [Citi Ventures](https://shizune.co/investors/profile/citi-ventures) — VC Fund, 2 deals together

## Similar investors

### Similar industry
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### Similar stage
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### Similar country
- [Morro Ventures](https://shizune.co/investors/profile/morro-ventures) — VC Fund
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## Featured in investor lists
- [Financial Services Investors in Puerto Rico](https://shizune.co/investors/financial-services-investors-puerto-rico)
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- [FinTech Investors in Puerto Rico](https://shizune.co/investors/fintech-investors-puerto-rico)

## FAQ

### What does Popular invest in?

Popular invests primarily in FinTech, Financial Services and Banking startups, most often at Series A and Series B stage. Most of the 5 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Popular's check size?

Popular typically joins rounds of $5M–$40M at Series A and $45M–$45M at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Popular participates in.

### How do I contact Popular?

Public channels for Popular include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Popular?

The team at Popular includes Richard Carrion (Chairman & CEO), Carlos Vazquez (CFO) and Eduardo NegrÓN (Executive Vice-President Management Group), among 8 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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