Daylight, the LGBTQ+ neobank, calls it quits

Daylight, an LGBTQ+ banking platform, is shutting down. Its operations will cease on June 30, according to embattled co-founder and CEO Rob Curtis. 

The announcement comes months after NY Magazine published an explosive feature on the neobank detailing a lawsuit brought on by three former employees as well as alleged fabrications and inappropriate behavior on the part of Curtis. 

Founded in 2020, Daylight raised a total of $20 million in funding. Anthemis Group led its $15 million Series A in 2022. Other backers include Kapor Capital, Precursor Capital, Clocktower, Financial Venture Studio and Citi.

Read more: TechCrunch