Fintech Startup CapWay Launches Debit Card for Unbanked

Sheena, a young entrepreneur from Mississippi, aims to challenge the financial system by addressing the needs of unbanked and underbanked communities. Her company, CapWay, focuses on digital banking and financial education to promote financial inclusion. Sheena discusses the importance of making financial literacy engaging and relatable, using social media and outreach strategies. Despite challenges in securing funding, she remains committed to her vision of expanding CapWay globally and bridging the financial gap in America.

What motivated Sheena to challenge the financial system in Mississippi?

• The decline of local businesses

• The rise of online shopping

• The popularity of digital currencies

• The high number of unbanked residents

What observation led Sheena to pivot towards financial inclusion?

• The rise of cryptocurrency

• The decline of traditional banks

• The shift towards cashless transactions in urban areas

• The increase in online banking fraud

What is the core of CapWay's mission?

• Providing loans to small businesses

• Building an inclusive financial system

• Offering high-interest savings accounts

• Developing cryptocurrency solutions

How does CapWay aim to make financial literacy more engaging?

• By partnering with schools

• By providing financial incentives

• By using gamification and relatable content

• By offering free online courses

What is a significant challenge Sheena faces in securing funding?

• High competition in the market

• Being a black woman entrepreneur

• Limited access to investors

• Lack of interest in fintech

What is CapWay's ultimate geographical goal?

• To focus solely on the US market

• To operate only in developing countries

• To expand globally

• To remain a local business

What role does Sheena believe the government should play in financial inclusion?

• Reducing taxes for banks

• Providing direct financial aid

• Encouraging cryptocurrency use

• Implementing postal banking