CapWay
CapWay is a fintech company based in Atlanta, GA, specializing in consumer finance solutions such as a Money Account with various banking services, financial education programs, and a mobile app.
Company Overview
CapWay is a fintech company based in Atlanta, GA, USA. It operates with a team of nine members. The company is a participant in the S20 batch of Y-Combinator and serves markets across the United States of America, America/Canada, and remote locations. CapWay focuses on consumer finance, providing various financial services including money accounts, financial education, and a cashless economy solution.
Services
CapWay offers a Money Account that provides a range of benefits such as debit card access, ATM withdrawals, multiple deposit options, and the ability to create and save money towards Money Goals. Customers can get paid up to two days early with direct deposit. The platform also offers financial education programs known as Phunds, available to individuals, businesses, community organizations, schools, workforce, and municipalities. Users can send and receive money, and personalize their experience by choosing relevant interests.
Products
CapWay features a variety of products such as a debit card that comes with no overdraft or minimum balance fees. The CapWay Money Account enhances users' access to the cashless economy and allows ATM withdrawals as well as multiple fund deposit options. The platform supports financial goal setting and savings. Additionally, CapWay provides financial literacy resources including articles, infographics, videos, and facts & hacks, accessible through a mobile app available on iOS and Android.
Mobile App
CapWay's mobile app is designed to offer a seamless user experience for managing finances. Available for download on both iOS and Android platforms, the app includes features like access to the Money Account, the ability to send and receive money, and tools for saving towards Money Goals. The app also provides educational content aimed at improving financial literacy through various media formats.
Financial Education
CapWay's financial education arm, Phunds, caters to individuals, businesses, and organizations, including community organizations, schools, and local governments. The initiative includes a financial literacy program aimed specifically at increasing exposure to financial tools within the Black community. Educational resources encompass articles, infographics, videos, and insights designed to guide users towards better financial decisions.
