Y Combinator-backed fintech CapWay has shut down

Posted under: SMB
Date: 2024-10-17
Y Combinator-backed fintech CapWay has shut down

Sheena Allen, the founder of CapWay, a fintech supported by Y Combinator that aimed to provide financial services to people in "banking deserts," has announced the company's closure. "I am proud of the work we were able to accomplish, but honestly disappointed that we couldn't complete the mission," she posted" on LinkedIn. The company that created CapWay intended to help this group by providing online banking services and financial literacy training.

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