# CapWay

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/capway

- Industry: Financial Services
- Headquarters: Atlanta, US
- Website: www.capway.com
- Total disclosed funding: $0.1M
- Latest round: Seed (Aug 25, 2020)
- Investors on record: 4

## About

Based in Georgia, US, and founded in 2016, CapWay Inc. operates as a fintech company that provides financial access, opportunities, and resources through digital banking to the financially underserved. In November 2020, CapWay Inc. raised an undisclosed amount in venture funding led by the new investor Fearless Fund. As of May 2022, the company is led by its CEO Sheena Allen. It operates under direct business-to-consumer (B2C) and indirect business-to-business-to-consumer (B2B2C) models through CapWay's partnership model.

CapWay Inc. offers an online banking and financial literacy application available on iOS and Android systems to open a CapWay Money Account and create, save, and collaborate on money goals, consume financial content and enroll in financial programs. CapWay's saving product, Money Goals, enables users the option to share their money-saving progress or ask for financial contributions from family and friends to achieve their money goals. CapWay also offers financial content and education through its platform called Phunds, which is available to different organizations - including employers, schools, and community organizations. In addition, the company also offers CapWay Visa (virtual and physical) debit cards and its benefits include the ability to make online transactions, send and receive money, and round-up change per transaction.

## Funding rounds

- Seed, Aug 25, 2020, $0.1M — Y Combinator
- Seed, Sep 18, 2019 — Valor Ventures
- Seed, Aug 25, 2017, $0M — Stacked Capital, Queen City Fintech

## Investors

- Stacked Capital (https://capitalatlas.ai/funds/stacked-capital) — Seed
- Queen City Fintech — Seed
- Valor Ventures (https://capitalatlas.ai/funds/valor-ventures) — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed