Onyx Private, a Digital Bank Backed by Y Combinator, Shuts Down Customer Accounts

Monday, 18 March 2024, 18:02

Onyx Private, the Miami-based digital bank backed by Y Combinator, has informed its customers about the closure of their accounts as it transitions from a B2C model to serving financial institutions. The move comes after the startup raised $4.1 million last year, signaling a strategic shift in its business approach.

https://store.livarava.com/efc0d7ce-e555-11ee-967d-5254a2021b2b.jpe — Onyx Private, a Digital Bank Backed by Y Combinator, Shuts Down Customer Accounts

Onyx Private: YC-backed Digital Bank Closure

The Miami-based Onyx Private, which secured $4.1 million in funding, is shuttering customer accounts as it shifts focus from serving individuals to financial institutions. The move signals a strategic pivot for the company.

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