Press

Read about CapWay in the media, our latest press releases, new feature releases, social talks and company announcements.

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This app wants to bring banking to the unbanked
Source: CNN

This up-and-coming entrepreneur wants to bring fair banking to everyone, starting with her hometown.

More Than 30 Million Americans Are 'Underbanked.' This Mississippi Millennial Is Trying to Change That
Source: Inc

Sheena Allen grew up in a one-bank town where lots of people relied on payday lenders. She's building her company to help those she grew up with.

CapWay Launches Inclusive Digital Bank With Finance-Inspired Lifestyle Products and Services
CapWay

CapWay, Inc., a financial technology startup based in Atlanta, has announced the launch of its neobank, the core service in its financial system of inclusive products and services.

Sheena Allen on leveraging technology to advance equity and the promise of digital banking
YouTube

What does it take to become the youngest woman in America to own and operate a digital bank? Hill Harper sits down with Sheena Allen –the woman defying stereotypes of who can be a successful tech entrepreneur.

Sheena Allen’s Plan to Revolutionize Banking
In The Works

From small-town Mississippi to Silicon Valley and beyond, the CapWay founder is challenging our financial systems and helping more communities build generational wealth.

CapWay Launches Inclusive Digital Bank With Finance-Inspired Lifestyle Products and Services
GlobeNewswire

CapWay, Inc., a financial technology startup based in Atlanta, has announced the launch of its neobank, the core service in its financial system of inclusive products and services. With a CapWay Money Account and CapWay Visa (virtual and physical) debit card, benefits include the ability to make online transactions, send and receive money, and round-up change per transaction to direct towards "Money Goals."

Black Woman-Owned Fintech Companies Poised To Narrow The Gender-Racial Wealth Gap
ESSENCE

The financial tech industry is notoriously crowded with white founders. These black women, however, are changing the face of the space one venture at a time.

Black Female Founder From Mississippi Seizes Fintech Opportunities Others Missed
Forbes

Nearly one-quarter of adults in the U.S. are unbanked (they do not have a checking, savings, or money market account) or underbanked (they have a bank account but also use an alternative financial service product), according to the Federal Reserve.

The CapWay, Inc Debit Visa Card is issued by Metropolitan Commercial Bank (Member FDIC) pursuant to a license from Visa U.S.A. Inc. “Metropolitan Commercial Bank” and “Metropolitan” are registered trademarks of Metropolitan Commercial Bank ©2014.

1. For Money Account holders with a negative balance, the CapWay debit card will go into freeze until funds are deposited to bring account back to current. See terms and conditions

2. Sending or receiving money from other CapWay account holders will be instant. Transfers from other accounts could take up to 48 hours, depending on the financial institution.

3. Early access to funds requires direct deposit. Early payment is not guaranteed and is dependent on the timing of payer's submission of deposits. We generally post such deposits on the day they are received which may be up to 2 days earlier than the payer's scheduled payment date.

4. Money Goals allows account holders to save money towards financial goals created within the CapWay platform. Funds can be transferred from your Money Account or saved through the rounding up of your transactions from purchases.

5. CapWay offers financial content through Learn Money free of charge, but may include advertisements through affiliates. Phunds, CapWay's literacy program and session, is paid content or co-branded content.

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