194- Starting a Mobile Bank and FinTech Company with Sheena Allen
Journey To Launch
Jamila Souffrant
4.9 • 1.7K Ratings
🗓️ 13 January 2021
⏱️ 53 minutes
🧾️ Download transcript
Summary
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.
Sign up for my free class happening on January 14th: Financial Independence 101: How To Build An Action Plan to Reach Your Financial Goals and Live A Life of More Freedom!
You can still sign up for my Private Pop- up Podcast, Financial Independence 101: Your Building Blocks to Create A Life of Financial Freedom. This series will expire on the 19th, so get it now!
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
- Check out the other tools that help me with my finances and business here.
- If you missed enrollment, join the waitlist for my FI course and Money Launch Club. The FI Course now called: Map Your Path To Financial Independence will open enrollment soon!
- Join The Weekly Newsletter List
- Leave me a voicemail– Leave me a question on the Journey To Launch voicemail and have it answered on the podcast!
- Watch me on News12 Watch my latest segments on News12
- YNAB – Start managing your money and budgeting so that you can reach your financial dreams. Sign up for a free 34 days trial of YNAB, my go-to budgeting app by using my referral link.
Connect with Sheena:
Connect with me:
Transcript
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| 0:00.0 | You're listening to the Journey to Launch Podcast starting a mobile bank and FinTech |
| 0:06.5 | company with Sheena Allen. |
| 0:10.9 | Welcome to the Journey to Launch Podcast with your host Jamila Sufrant as a money expert who walks her talk. |
| 0:18.0 | She helps brave journeyers like you get out of debt, save, invest, and build real well. |
| 0:25.0 | Join her on the journey to launch to financial freedom in... |
| 0:29.0 | Five, four, three, 2, 1. |
| 0:35.0 | Hey, Jerniers. |
| 0:37.0 | Welcome to the Journey to Launch Podcast. |
| 0:39.3 | If you are totally new, then you're wondering why I'm calling you a journeyer. Well a journeyer means you are |
| 0:44.5 | now on the mission with me to launch to financial independence and freedom. You're a |
| 0:48.9 | journeyer now. There's no turning back. Let's launch together. Now before we hop into this episode with |
| 0:54.8 | Sheena Allen it's an amazing conversation I want to just let you know about the |
| 0:59.0 | free class that I'm having on January 14th so this episode drops on January 13th. So if you're |
| 1:04.5 | listening to this, as soon as it comes out, then you still have the opportunity to |
| 1:08.4 | join me on January 14th for a free class all about what my favorite topic financial independence |
| 1:14.4 | one on one how to build an action plan to financial freedom and still live your best |
| 1:19.6 | life it's going down at 830 p.m. Eastern time January 14th and you can still join me at |
| 1:25.2 | Journey to Launch.com slash free class. And if you do miss this free class, don't |
| 1:31.5 | worry. I mean, you know, I'm always working on something special for you guys, |
| 1:35.6 | and I will be opening up doors for the second cohort, the second enrollment in my |
| 1:41.7 | journey to financial independence course. So this is the course where I walk you |
| 1:46.1 | through step by step how to get you from where you currently are now to financial |
... |
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