Fintech and Finance Startup Failures

179 documented fintech and finance startup deaths from the GTM Right failure archive. Fintech and financial services startups that failed, including payments, lending, insurance, and investment platforms. Filter by funding stage, country or year. View all 2,715 failures or read the Failure Intelligence Report.

179
Failures in This Sector
2,715
Total Archive
7%
Share of All Failures

Top causes of failure in Fintech and Finance

Based on 179 documented fintech and finance startup deaths.

1Competition
7240%
2Legal/Regulatory
2112%
3Unit Economics
1810%

Showing 179 of 179 companies

Company Sector Funding Year Died Country Cause Description
Xinja Fintech & Finance > $50M 2020 Australia Bad Business Model
Scalefactor Fintech & Finance > $50M 2020 United States
One Today Fintech & Finance Unknown 2020 Unknown Failure to Pivot non-profit organisations worldwide
Textpayme Fintech & Finance Unknown 2006 Unknown Multiple Reasons text messages
Weidai Fintech & Finance 110000000 2023 China Legal/Regulatory
Qianhe Fintech & Finance 100000000 2019 China Legal/Regulatory
Nirvana Fintech & Finance 25000000 2024 United States No Market Need
Sleek Fintech & Finance 10000000 2023 United States Competition
RupeeRedee Fintech & Finance 35000000 2025 India Unit Economics
PayMate Fintech & Finance 100000000 2025 India Product/Tech Failure
Metromile Fintech & Finance 295000000 2022 United States Unit Economics
Luko Fintech & Finance 75000000 2024 France Unit Economics
Grasp Fintech & Finance 4000000 2024 United Kingdom No Market Need
Pesto Fintech & Finance 5000000 2024 United States Unit Economics
Railsr Fintech & Finance 121000000 2024 United Kingdom Product/Tech Failure
Aspiration Fintech & Finance 550000000 2024 United States Unit Economics
Zebec Fintech & Finance 35000000 2025 United States No Market Need
Synapse Financial Fintech & Finance 50000000 2024 United States Product/Tech Failure
Qredo Fintech & Finance 95000000 2024 United Kingdom Competition
Kevin. Fintech & Finance 77000000 2024 Lithuania No Market Need
Varamis Fintech & Finance 5000000 2025 United Kingdom Ran Out of Cash
Plastiq Fintech & Finance 226000000 2023 United States Unit Economics
Zhongzhi Fintech & Finance 1500000000 2024 China Ran Out of Cash
Bairong Yunda Fintech & Finance 600000000 2025 China Legal/Regulatory
Suishou Technology Fintech & Finance 250000000 2024 China Competition
OKX China Fintech & Finance 200000000 2024 China Legal/Regulatory
Huobi China Fintech & Finance 300000000 2024 China Legal/Regulatory
Tuandaiwang Fintech & Finance 375000000 2019 China Legal/Regulatory
Voly Fintech & Finance 13000000 2022 Australia Unit Economics
Volt Bank Fintech & Finance 85000000 2022 Australia Ran Out of Cash
Bitspark Fintech & Finance 68300 2020 China Ran Out of Cash
Frank Fintech & Finance 175000000 2023 United States Legal/Regulatory
Silicon Valley Bank Fintech & Finance 209000000000 2023 United States Ran Out of Cash
Bitfront Fintech & Finance 10000000 2023 United States Competition
Vebitcoin Fintech & Finance 60000000 2021 Turkey Legal/Regulatory
Thodex Fintech & Finance 2000000000 2021 Turkey Legal/Regulatory
Cinkciarz.pl Fintech & Finance 0 2024 Poland Legal/Regulatory
iGrow Fintech & Finance 100000000 2024 Indonesia Ran Out of Cash
UangTeman Fintech & Finance 30000000 2022 Indonesia Legal/Regulatory
Investree Fintech & Finance 50000000 2024 Indonesia Legal/Regulatory
GetBack Fintech & Finance 600000000 2018 Poland Legal/Regulatory
Amigo Loans Fintech & Finance 1000000000 2023 United Kingdom Legal/Regulatory
Mt. Gox Fintech & Finance 500000000 2014 Japan Product/Tech Failure
Ezubao Fintech & Finance 7600000000 2016 China Legal/Regulatory
Flooz.com Fintech & Finance 50000000 2001 United States Unit Economics
Powa Technologies Fintech & Finance 220000000 2016 United Kingdom Ran Out of Cash
Wirecard Fintech & Finance 28000000000 2020 Germany Legal/Regulatory
Wonga Fintech & Finance 150000000 2018 United Kingdom Legal/Regulatory
Zepz Fintech & Finance 700000000 2024 United Kingdom Unit Economics
Fast Fintech & Finance 120000000 2022 United States Unit Economics
Celsius Network Fintech & Finance 864000000 2022 United States Unit Economics
BlockFi Fintech & Finance 1050000000 2022 United States Ran Out of Cash
Voyager Digital Fintech & Finance 160000000 2022 United States Unit Economics
Mozido Fintech & Finance 250000000 2017 United States Unit Economics
Greensill Capital Fintech & Finance 1700000000 2021 United Kingdom Unit Economics
FTX Fintech & Finance 1800000000 2022 Bahamas Legal/Regulatory
Hawthorne Strategies Fintech & Finance 300000 2018 United States Ran Out of Cash
Birdy Fintech & Finance 500000 2018 United States Ran Out of Cash
37Coins Fintech & Finance 525000 2015 United States No Market Need
CircleBack Lending Fintech & Finance 36400000 2016 United States Ran Out of Cash
Uptrend Fintech & Finance 5000000 2022 United States No Market Need
Pactero Fintech & Finance 10000000 2019 United States No Market Need
SocialPicks Fintech & Finance 2500000 2010 United States Competition
Ready For Zero Fintech & Finance 5000000 2013 United States Competition
MarketBrief Fintech & Finance 5000000 2014 United States Competition
Leaky Fintech & Finance 5000000 2014 United States Competition
PayDragon Fintech & Finance 1000000 2014 United States Competition
Buttercoin Fintech & Finance 1200000 2016 United States Ran Out of Cash
Tinker Fintech & Finance 3000000 2017 United States Competition
Serica Fintech & Finance 5000000 2018 United States Competition
Saida Fintech & Finance 3000000 2018 Kenya Ran Out of Cash
Sway Finance Fintech & Finance 2000000 2019 United States Competition
CoinTent Fintech & Finance 2500000 2019 United States No Market Need
Lendsnap Fintech & Finance 500000 2019 United States Competition
BHRD Fintech & Finance 7000000 2021 United States Competition
Goodly Fintech & Finance 3500000 2021 United States No Market Need
Safely Finance Fintech & Finance 4000000 2022 United States Competition
Multis Fintech & Finance 2300000 2022 France Competition
Valiu Fintech & Finance 5700000 2022 Colombia Legal/Regulatory
Covela Fintech & Finance 3000000 2022 Mexico Ran Out of Cash
Letter Fintech & Finance 15000000 2023 United States Competition
Hyperseed Fintech & Finance 12000000 2024 United States Competition
Nexus Fintech & Finance 12000000 2024 United States Competition
Ivella Fintech & Finance 2500000 2024 United States Competition
Levo Fintech & Finance 1500000 2024 United States Competition
Magic Fintech & Finance 15000000 2025 United States Competition
Weltio Fintech & Finance 15000000 2025 United States Ran Out of Cash
Alma Fintech & Finance 15000000 2025 United States Competition
Payfura Fintech & Finance 17000000 2025 United States Competition
Drip Fintech & Finance 7000000 2025 United States Competition
Lotus Fintech & Finance 15000000 2025 United States Competition
Tipjoy Fintech & Finance 1000000 2011 United States No Market Need
Balanced Fintech & Finance 3500000 2014 United States Competition
PayTango Fintech & Finance 7000000 2016 United States Competition
HoverChat Fintech & Finance 5000000 2017 United States Competition
Unicornly Fintech & Finance 5000000 2017 United States Competition
Direct Match Fintech & Finance 4000000 2018 United States Competition
SparkGift Fintech & Finance 500000 2018 United States Competition
Instavest Fintech & Finance 2000000 2018 United States Competition
Kickpay Fintech & Finance 2000000 2018 United States Competition
Glassjar Fintech & Finance 1200000 2018 United States Competition
Cover Fintech & Finance 27000000 2019 United States Competition
Compgun Fintech & Finance 3500000 2019 United States Competition
AlphaFlow Fintech & Finance 10000000 2019 United States Competition
Pit.AI Fintech & Finance 5000000 2020 United States Competition
Neema Fintech & Finance 5000000 2020 Israel Competition
No Lean Season Fintech & Finance 120000 2020 United States Unit Economics
Ben Fintech & Finance 1500000 2021 United States Competition
Carbon-12 Labs Fintech & Finance 12000000 2023 United States Competition
Zaam Fintech & Finance 5000000 2023 United States Unit Economics
goDutch Fintech & Finance 1600000 2023 India Competition
Easyplan Fintech & Finance 1500000 2023 United States Competition
Apartio Fintech & Finance 4500000 2023 United States Competition
Krab Fintech & Finance 15000000 2024 United States Competition
GoBuild (fka Brick) Fintech & Finance 15000000 2024 United States Competition
Purpose Finance Fintech & Finance 15000000 2024 United States Competition
Noble Fintech & Finance 15000000 2024 United States Competition
Finantier Fintech & Finance 3000000 2024 Indonesia Competition
Cheqout Fintech & Finance 15000000 2024 United States Competition
Emigre Fintech & Finance 5000000 2025 United States Competition
Kable Fintech & Finance 1500000 2025 United States Competition
Botin Fintech & Finance 15000000 2025 United States Competition
NFTScoring Fintech & Finance 5000000 2025 United States Competition
Mogara Fintech & Finance 15000000 2026 United States Competition
Paperplane Fintech & Finance 10000000 2026 United States Competition
Wesabe Fintech & Finance 4500000 2011 United States Competition
Vittana Fintech & Finance 3000000 2015 United States Unit Economics
TrustEgg Fintech & Finance 700000 2016 United States Competition
Tilt Fintech & Finance 37500000 2018 United States Competition
SoFi Social Fintech & Finance 75000000 2021 United States Competition
Simple Fintech & Finance 15000000 2016 United States Competition
PoundPay Fintech & Finance 5000000 2013 United States Competition
Plum Will Fintech & Finance 5000000 2020 United States Competition
Pay By Touch Fintech & Finance 340000000 2007 United States Ran Out of Cash
Omaze UK Fintech & Finance 4000000 2021 United Kingdom Legal/Regulatory
NetBooks Fintech & Finance 33000000 2011 United States Competition
Monitor110 Fintech & Finance 17000000 2008 United States Unit Economics
Mattermark Fintech & Finance 17700000 2019 United States Competition
Loyal3 Fintech & Finance 45000000 2018 United States Competition
LendLayer Fintech & Finance 2500000 2017 United States No Market Need
LendUp Fintech & Finance 36200000 2020 United States Legal/Regulatory
KPCB Edge Fintech & Finance 38000000 2020 United States Competition
Isentium Fintech & Finance 50000000 2020 United States Competition
Imercive Fintech & Finance 15000000 2015 United States Competition
Homeslice Fintech & Finance 2500000 2019 United States Competition
Coinbase NFT Fintech & Finance 800000000 2023 United States No Market Need
Clinkle Fintech & Finance 30000000 2015 United States Ran Out of Cash
Clarity Money Fintech & Finance 15000000 2018 United States Competition
Cake Financial Fintech & Finance 4500000 2011 United States No Market Need
Bitpass Fintech & Finance 12500000 2008 United States No Market Need
Avant Fintech & Finance $655M Unknown Lost to LendingClub and high defaults Online personal loans
Circle Fintech & Finance $500M Unknown Lost to Coinbase and market shifts Crypto payments and stablecoin
FundersClub Fintech & Finance $20M Unknown Lost to Kickstarter and low ROI Crowdfunding for startups
Fuze Network Fintech & Finance $5M Unknown Lost to Green Dot and small scale Prepaid card payments
Indiegogo Life Fintech & Finance $10M (est.) Unknown Lost to GoFundMe and niche focus Personal crowdfunding
LendingClub Fintech & Finance $1B Unknown Lost to banks and trust issues P2P lending platform
Money360 Fintech & Finance $10M (est.) Unknown Lost to Fundrise and slow growth Real estate lending platform
Pawngo Fintech & Finance $6M Unknown Lost to traditional pawnshops and niche Online pawn lending
ReadyForZero Fintech & Finance $5M Unknown Lost to Credit Karma and sold Debt management app
RushCard Fintech & Finance $20M (est.) Unknown Lost to Chime and trust issues Prepaid debit card
Seed Fintech & Finance $5M Unknown Lost to Brex and closed Small biz banking
Sensible Fintech & Finance $4M (est.) Unknown Lost to Even and niche Personal finance for gig workers
SigFig Fintech & Finance $70M Unknown Lost to Wealthfront and sold Robo-advisor
SmartAsset Fintech & Finance $161M Unknown Lost to NerdWallet and slow growth Financial planning tools
Square Cash Fintech & Finance $0 (Square-funded) Unknown Lost to Venmo and pivoted P2P payments (early)
Taulia Fintech & Finance $200M Unknown Lost to Coupa and sold Supply chain finance
Toshl Fintech & Finance $1M (est.) Unknown Lost to Mint and low scale Personal finance app
Upstart Fintech & Finance $144M Unknown Lost to banks and high defaults AI-driven lending
Vemo Fintech & Finance $20M (est.) Unknown Lost to Lambda School and regs Income-share agreements
Venmo Groups Fintech & Finance $0 (Venmo-funded) Unknown Lost to Splitwise and niche Group payments feature
Wealthfront Cash Fintech & Finance $0 (Wealthfront-funded) Unknown Lost to Ally and pivoted High-yield savings
Wealthsimple Trade Fintech & Finance $0 (Wealthsimple-funded) Unknown Lost to Robinhood and pivoted Commission-free trading
Wepay Fintech & Finance $75M Unknown Lost to Stripe and sold Payment processing
Wise Fintech & Finance $689M Unknown Lost to PayPal and high costs International transfers
YayPay Fintech & Finance $15M Unknown Lost to Bill.com and sold Accounts receivable automation
Ycharts Fintech & Finance $15M Unknown Lost to Bloomberg and sold Financial data platform
ZestFinance Fintech & Finance $112M Unknown Lost to Upstart and regs AI underwriting loans
Dundee Venture Fintech & Finance Unknown 2020 Unknown
Slack Fund Fintech & Finance Unknown 2020 Unknown

View all 2,715 failures across all sectors

Understand why they failed. The GTM Right Failure Intelligence Report maps the commercial patterns behind these deaths - the buyer mistakes, the funnel failures, the GTM errors that capital could not fix.