Journey To Launch

194- Starting a Mobile Bank and FinTech Company with Sheena Allen

Jan 13, 2021

52:43

This week’s guest, Sheena Allen, is the youngest Black woman CEO and founder of a bank. Sheena created CapWay, a digital banking app and financial service provider, with the goal of closing the income, race, and financial literacy gap through access to banking and opportunities.

Growing up in Mississippi, she had first hand experience at what it was like to be underbanked and undeserved. Unlike major cities, there wasn’t a bank on every corner and banking options were limited where she grew up. In college, Sheena created her first app without knowing how to code and has been a force in the app and fin tech space ever since. Her latest venture is a digital bank, CapWay. Tune in to this week’s episode to hear more about Sheena’s process to creating her very own digital banking app and her entrepreneurship journey.

In this episode you’ll learn:

How Sheena created and funded her digital banking app CapWay
Why she created it
What the process of creating a FinTech company looks like
What pre-seed, seed, and Series A mean
How long it takes to build an app
How much it costs to build an app and more...

Special thanks to DCU for sponsoring the episode! Learn more about DCU by clicking here.

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Other related blog posts/links mentioned in this episode:

Arlan Hamilton was a guest on Episode 155: Strengthen Your Mindset & Confidence to Turn Being Underestimated into Your Greatest Advantage
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