CapWay launches financial health app in Mississippi

June 28, 2017

FOR IMMEDIATE RELEASE

 

FinTech Startup Hosts Summer Internship Program

CapWay launches financial health app in Mississippi


Key facts:

  • Over two billion people worldwide do not use traditional banking
  • Mississippi has one of the highest financial underserved populations in the U.S.
  • CapWay is a minority owned, financial technology company created by two Mississippi natives

 

Jackson, MS – June 28, 2017, Four interns were selected based on their majors and interest in working with a financial technology company. Each student received a stipend and travel reimbursement for their participation. CapWay used social media and worked with Tonya Neely from the Mississippi Institutions of Higher Learning to contact several of the universities and community colleges about the internship opportunity. The local interns are:

 

Britney Carter-Senior at Mississippi College

Ha Lam- Senior at Millsaps College

Alexis Hicks- Graduate Student at Delta State University

Alexis Shakespeare-Senior at Jackson State University

 

Globally, 2 billion, mostly poor, adults do not use traditional banking. According to the FDIC, Mississippi has one of the highest unbanked populations in the United States. Unbanked residents are individuals who do not have bank accounts. CapWay was launched by two Mississippi natives–Sheena Allen from Terry, MS and Tim Lampkin from Clarksdale, MS–to tackle this major problem. Over the last few weeks four interns have been working with CapWay in Jackson, Mississippi to develop content, financial projections, and practical solutions for the underserved market.

 

“The idea for CapWay was inspired by my work experience in the tech industry combined with first-hand knowledge of people living in a small community with limited financial resources. We have developed a mobile application to address the needs of financially underserved people across the country. Our goal is to provide a holistic bundle of services and products to help our customers become financially healthy. ” said Sheena Allen, CEO of CapWay.

 

“It has have been a great experience working with CapWay to help underserved residents. This is my first time working with a fintech company and it has been amazing to develop solutions to improve overall quality of life of underserved people. I am originally from Hollandale, Mississippi and there is only one bank in my community. However, traditional banks are closing in several marginalized communities. CapWay is addressing a major need by providing financial tools and services via their mobile-first platform” said Alexis Hicks.

##

 

About CapWay

CapWay is a financial health company based in New York providing products and services for unbanked and underbanked communities. By creating a new standard, CapWay caters to those that have been left out of today’s financial system. Social Media: Facebook/Twitter/Instagram: @GoCapWay

 

For more information contact:

Tim Lampkin

Co-Founder of CapWay

662-902-4831 tim@capway.co