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More low finance news [1]

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Date: 2022-11-21

Anti-Woke Bank GloriFi to Shut Down

Texas startup has laid off most employees after failing to secure more funding

Nov 21 (Reuters) - Texas-based fintech firm GloriFi is shutting down and laid off most of its employees, the Wall Street Journal reported on Monday, citing people familiar with the matter.

The company's decision comes after it failed to secure funding needed to carry its operations through the first quarter, the report said, citing an email from GloriFi's chief marketing and communications officer Cathy Landtroop to employees.

The fintech firm's operations were aimed at customers who saw Wall Street as too liberal and wanted a bank that shared their values, the report said.

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[1] Url: https://www.dailykos.com/stories/2022/11/21/2137682/-More-low-finance-news

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