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Fortune
Fortune
Luisa Beltran

Alza, a Latino-focused startup that raised $6.6 million, abruptly shuts down

(Credit: Courtesy of Andrew Lichtenstein/Getty Images)

Alza, a fintech backed by Thrive Capital, has shut down. The Alza website site was offline Monday, and instead displayed the following message: “Alza is thankful for the opportunity to build access to financial products and tools. If you have any questions about your Alza account to date, please contact us at [email protected].”

Arturo Villanueva, a former Stripe executive, founded Alza in 2021 to bring financial services to Latinos living in the U.S. Alza, of New York, provided an FDIC-insured checking account, debit card, peer-to-peer payments and cross border remittance to over 20 Latin American countries.

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