CapWay, the fintech startup aimed at tackling financial inequity, has officially shut down. Founder Sheena Allen announced the closure, expressing pride in CapWay’s mission while also sharing disappointment that the journey ended prematurely. Allen’s LinkedIn post marked the end of CapWay, a company that strived to serve underbanked communities often described as “banking deserts.” “Although it has been a while, I am finally making the announcement that CapWay is no longer an active business,” Allen wrote on LinkedIn. Challenges in Fintech Funding and Regulation Founded in 2016, CapWay sought to
The Google for Startups Founders Fund is back for the fifth year and is funding 20 Black and Latine AI companies in the US. The fund first launched as part of Google’s $175 million commitment towards racial equity and to date has deployed more than $50 million dollars to more than 570 Black and Latine founders around the world. Google For Startups Founders Fund & AI As AI developments are on the rise, this year, Google has funded 20 US-based companies that are pushing the boundaries in AI. The companies
